As the name suggests, the Laser Forex Reversal indicator for the MT4 platform provides laser-accurate trend reversal signals for any currency pair.
The indicator appears in the main MT4 chart window as red & blue trend reversal arrows + a rectangle that displays the actual trend reversal pattern.
Just follow the signals as displayed by the indicator!
Buy & Sell Trade Example
- A blue signal arrow is a buy signal.
- A red signal arrow is a sell signal.
The KP Arrows Signal Forex indicator can be used for both trade entry and exit or as a counter-trend confirmation 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 “laser-forex-reversal-indicator.ex4” indicator for MT4
Indicator Chart (EUR/USD M5)
The example chart below displays the Laser Forex Reversal 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 Laser Forex Reversal 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: Counter trend
Does the indicator repaint? No.
MT4 Day Trading Strategy Using Laser Forex Reversal and Smoothed HMA Indicators
This MT4 day trading strategy combines the Laser Forex Reversal Indicator MT4 with the Smoothed Hull Moving Average HMA Metatrader 4 Forex Indicator to capture trend reversal opportunities with confirmation of the overall trend.
The Laser Forex Reversal indicator shows blue arrows for buy reversals and red arrows for sell reversals.
The Smoothed HMA indicator confirms the market trend with green bars for bullish trends and orange bars for bearish trends.
This strategy works best on M15, M30, and H1 charts for day trading, allowing traders to catch high-probability reversals aligned with the trend.
Buy Entry Rules
- Confirm that the Smoothed HMA bars are green, indicating a bullish trend.
- Wait for a blue arrow from the Laser Forex Reversal indicator signaling a potential buy reversal.
- Enter a buy trade at the close of the confirming candle.
- Place the stop loss a few pips below the most recent swing low.
- Close the trade when an orange HMA bar appears or a red reversal arrow appears, signaling a potential trend change.
Sell Entry Rules
- Confirm that the Smoothed HMA bars are orange, indicating a bearish trend.
- Wait for a red arrow from the Laser Forex Reversal indicator signaling a potential sell reversal.
- Enter a sell trade at the close of the confirming candle.
- Place the stop loss a few pips above the most recent swing high.
- Close the trade when a green HMA bar appears or a blue reversal arrow appears, signaling a potential trend change.
Advantages
- Combines trend confirmation with precise reversal entry signals.
- Helps traders catch high-probability intraday reversals aligned with the trend.
- Clear exit signals based on HMA bar changes or reversal arrows.
- Works well on multiple currency pairs and intraday timeframes.
Drawbacks
- Requires attention to both indicators for proper entry and exit timing.
- Stop loss placement is important to avoid being stopped out during minor retracements.
- Reversal signals may lag slightly in fast-moving markets.
Example Case Studies
Case Study 1 – EUR/USD
On the EUR/USD M30 chart, the Smoothed HMA bars were green, indicating a bullish trend.
A blue arrow appeared on the Laser Forex Reversal indicator, signaling a buy reversal.
A trade was entered at 1.1065 with a stop loss at 1.1050.
The trade closed when an orange HMA bar appeared at 1.1090, resulting in 25 pips profit.
Case Study 2 – GBP/JPY
On the GBP/JPY H1 chart, the Smoothed HMA bars were orange, confirming a bearish trend.
A red arrow appeared on the Laser Forex Reversal indicator, prompting a sell entry at 178.90 with a stop loss at 179.20.
The trade closed when a green HMA bar appeared at 178.40, netting 50 pips.
Strategy Tips
- Focus on active trading sessions such as London and New York for stronger reversals.
- Use currency pairs with good intraday volatility for more reliable setups.
- Always wait for both the Laser Forex Reversal arrow and HMA trend confirmation before entering a trade.
- Exit trades promptly when HMA bars change color or reversal arrows appear to protect profits.
- Consider adjusting stop loss according to recent swing highs/lows to manage risk effectively.
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Download the “laser-forex-reversal-indicator.ex4” indicator for Metatrader 4
