The KP Arrows Signal Forex indicator for Metatrader 4 is a complete trading system that works in both trending and sideways markets.
The indicator appears in the main MT4 chart window as colored buy and sell round dots.
Just follow the signals as displayed by the indicator!
Buy & Sell Trade Example
- Go long as soon as the first aqua colored dot appears on the chart.
- Go short as soon as the first pink colored dot appears on the chart.
The KP Arrows Signal Forex indicator can be used for both trade entry and exit or as a trend confirmation signal indicator for other strategies and systems.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “KPArrows.mq4” indicator for MT4
Indicator Chart (EUR/USD M5)
The example chart below displays the KP Arrows Signal Forex mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the KP Arrows Signal Forex indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Signal
Does the indicator repaint? No.
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.
Conclusion
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.
