About the KP Arrows Signal Forex Indicator
The KP Arrows Signal Forex Indicator for MT4 is a complete trading system that works in both trending and sideways markets.
It provides colored dot signals directly on the chart, making entries and exits simple and actionable.
Aqua colored dots indicate buy signals, while pink colored dots indicate sell signals.
Traders simply follow the first dot of each color for their trade entries, and reverse the position when the opposite color appears.
This indicator is suitable for intraday trading on multiple timeframes, and can also be applied for scalping on lower timeframes.
It works on a variety of currency pairs and helps traders stay on the right side of the market without overcomplicating analysis.
Free Download
Download the “KPArrows.mq4” indicator for MT4
Key Features
- Colored dot signals for buy (aqua) and sell (pink)
- Works in both trending and sideways markets
- Supports trade entries and exits
- Suitable for intraday and scalping strategies
Indicator Chart
The chart shows the KP Arrows Signal Indicator applied to an MT4 chart.
Aqua dots indicate buy opportunities, and pink dots indicate sell opportunities.
Traders can follow the first dot for entries and reverse the trade when the opposite color appears.
This indicator is generally good for intraday trading but can be applied to lower timeframes for scalping setups.
Guide to Trade with KP Arrows Signal
Buy Rules
- Enter a buy as soon as the first aqua dot appears
- Confirm with a short-term trend or support level if desired
- Reverse position when a pink dot appears
Sell Rules
- Enter a sell as soon as the first pink dot appears
- Confirm with a short-term trend or resistance level if desired
- Reverse position when an aqua dot appears
Stop Loss
- Place stops a few pips beyond the recent swing high or low
Take Profit
- Target the next support or resistance level
- Exit fully if the opposite color dot appears
Practical Tips
- Use M5–H1 charts for intraday trades; M1–M5 for scalping
- Focus on high-liquidity pairs like the majors
MT4 Trend Trading Strategy: KP Arrows Signal + Guppy Multiple Moving Average
This strategy combines two powerful tools — the KP Arrows Signal Indicator for MT4 and the Guppy Multiple Moving Average (GMMA) Signal Indicator.
Together, they create a flexible system that can be used for scalping, day trading, or even swing trading.
The KP Arrows Signal provides precise entry cues with its aqua and pink dots, while the Guppy indicator identifies the dominant trend direction through its blue (bullish) and orange (bearish) lines.
The beauty of this setup is its adaptability.
It works across different timeframes, from the fast-paced M5 chart to the more stable H4.
Traders can use it on major pairs like EUR/USD, GBP/JPY, and AUD/USD, or even on gold and indices, thanks to its clear, rule-based structure.
Why This Strategy Works
The Guppy indicator acts as a dynamic filter that reveals the market’s long-term and short-term momentum.
The KP Arrows Signal, on the other hand, provides clear entry signals that are easy to interpret.
By combining trend confirmation with precision timing, this system minimizes hesitation and helps traders capture consistent moves in line with the prevailing market flow.
Buy Entry Rules
- Confirm that the Guppy Multiple Moving Average line is blue, showing a bullish trend.
- Wait for an aqua dot from the KP Arrows Signal Indicator.
- Enter a buy trade at the close of the candle with the aqua dot.
- Place the stop loss just below the most recent swing low or a nearby Guppy support line.
- Take profit at 1.5× your stop loss distance or at the next resistance zone.
Sell Entry Rules
- Confirm that the Guppy line is orange, indicating a bearish trend.
- Wait for a pink dot from the KP Arrows Signal to appear.
- Enter a sell trade at the close of the candle with the pink dot.
- Place the stop loss above the latest swing high or above the nearest Guppy resistance band.
- Take profit at 1.5× the stop loss or near the next support area.
Advantages
- Can be used across multiple trading styles and timeframes.
- Combines long-term trend structure with precise short-term entries.
- Reduces emotional decision-making with clear visual signals.
- Works effectively on all major forex pairs and commodities.
- Suitable for traders who prefer visual clarity over indicator clutter.
Drawbacks
- May produce false entries during flat or low-volume markets.
- Traders need to monitor charts actively for signal confirmation.
Case Study 1: GBP/JPY on H1
During the London session, the Guppy indicator turned entirely blue, confirming a strong bullish phase.
A few candles later, an aqua dot appeared from the KP Arrows Signal at 191.40.
A buy order was placed with a 25-pip stop loss and a 40-pip target.
Price surged to 191.80, securing a smooth 1.6× reward-to-risk trade within two hours.
Case Study 2: EUR/USD on M15
In the New York session, the Guppy line shifted to orange, showing a bearish trend.
Shortly after, a pink dot formed at 1.0912.
A sell entry was made with a 15-pip stop loss and a 25-pip take profit target.
The pair moved down to 1.0887, reaching the target and confirming the accuracy of the combined setup.
Strategy Tips
- For scalping, use M5–M15 timeframes with tight stop losses and quick exits.
- For swing trading, focus on H1–H4 charts and follow the long-term Guppy trend.
- Consider confirming entries with price action or support/resistance levels.
- Always backtest before applying to live accounts to adapt settings to your style.
The combination of the KP Arrows Signal and Guppy Multiple Moving Average indicators offers a complete and flexible approach to forex trading.
It adapts easily to different market conditions and trading styles, providing structure for beginners and clarity for advanced traders.
Whether you scalp for quick pips or swing trade for larger moves, this system gives you a clean, disciplined framework to stay aligned with the market trend.
Download Now
Download the “KPArrows.mq4” indicator for Metatrader 4
FAQ
Can I use this indicator for scalping?
Yes. On M1–M5 charts, you can use the dot signals for quick intraday scalps.
Does it repaint?
No. Once a dot appears, it stays fixed on the chart.
Can this system work in sideways markets?
Yes. The indicator is designed to provide signals in both trending and ranging conditions.
Summary
The KP Arrows Signal Forex Indicator for MT4 provides clear buy and sell signals using colored dots, making trading simple and actionable.
Aqua dots indicate buys, and pink dots indicate sells, with position reversals when the opposite color appears.
It is generally good for intraday trading and can also be applied for scalping on lower timeframes.
This indicator works in both trending and sideways markets, helping traders follow price action without complex analysis.
It is a versatile tool for anyone looking for easy-to-follow Forex entries and exits.
