The Leman Forex Crossover Trend indicator for MT4 (Metatrader 4) follows the most profitable trend with the help of a simple crossover trading strategy.
The indicator appears in a sub MT4 chart window as two signal lines that cross each other whenever the trend turns in the opposite direction.
Buy & Sell Trade Example
- Initiate a buy order as soon as the blue colored signal line crosses the red signal line bottom-up.
- Initiate a sell order as soon as the blue colored signal line crosses the red signal line top-down.
The Leman Forex Crossover Trend indicator can be used for both trade entry and exit or as a trend filter 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 “lemantrend.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The chart below displays the Leman Forex Crossover Trend mt4 indicator in action.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Leman Forex Crossover Trend 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: Trend
Does the indicator repaint? No.
Leman Forex Crossover Trend + SuperTrend NRP MT4 Intraday Strategy
This intraday trading strategy for MT4 combines the accuracy of the Leman Forex Crossover Trend Indicator with the trend clarity of the SuperTrend NRP Forex Indicator.
The setup focuses on trading with the dominant trend while using crossover signals for timely entries.
It is designed for traders who prefer structured, rule-based systems that can deliver consistent results during active market sessions.
The SuperTrend NRP indicator defines the broader market direction, while the Leman Forex Crossover Trend Indicator provides precise buy and sell triggers based on line crossovers.
This approach works best on M15, M30, and H1 timeframes, making it ideal for intraday trading on pairs like EUR/USD, GBP/JPY, and USD/CAD.
How the Strategy Works
The SuperTrend NRP indicator acts as the trend filter.
When it displays a green line, the market is in an uptrend, and long trades should be prioritized.
When it shows an orange line, the trend is bearish, and traders should focus on short positions.
The Leman Forex Crossover Trend Indicator then provides trade entries: a buy signal occurs when the blue signal line crosses the red line from bottom to top, while a sell signal occurs when the blue line crosses the red line from top to bottom.
By combining both indicators, traders can filter out false crossovers and trade only in the direction of the established trend.
Buy Entry Rules
- Wait for the SuperTrend NRP line to be green, confirming a bullish trend.
- Enter a buy trade when the blue line crosses above the red line on the Leman Forex Crossover Trend Indicator.
- Place a stop loss below the most recent swing low or below the SuperTrend line.
- Set a take profit target at 1.5x to 2x the stop loss distance, or close when the blue line crosses back below the red line.
- Optionally, move the stop loss to breakeven once the trade gains 20 pips in profit.
Sell Entry Rules
- Wait for the SuperTrend NRP line to be orange, confirming a bearish trend.
- Enter a sell trade when the blue line crosses below the red line on the Leman Forex Crossover Trend Indicator.
- Place a stop loss above the most recent swing high or above the SuperTrend line.
- Set a take profit target at 1.5x to 2x the stop loss distance, or close when the blue line crosses back above the red line.
- Move the stop loss to breakeven once the price moves 20 pips in your favor.
Advantages
- Combines crossover precision with a strong trend confirmation filter.
- Reduces false signals by trading only in the direction of the main trend.
- Works well across multiple timeframes and major currency pairs.
- Suitable for both beginners and experienced traders.
- Good balance between frequency of signals and trade quality.
Drawbacks
- May generate fewer signals during consolidating or sideways markets.
- Whipsaws can occur during sudden reversals or news releases.
- Requires patience to wait for proper crossover alignment with the trend.
- Best performance is achieved during high-volume market sessions.
Example Case Study 1: USD/CAD M30
On a USD/CAD M30 chart, the SuperTrend NRP line turned green near 1.3670, showing a bullish environment.
Shortly after, the Leman Forex Crossover Trend Indicator displayed a blue line crossing above the red line at 1.3680.
A buy position was opened with a 15-pip stop loss and a 25-pip target.
The pair moved to 1.3705 within two hours, hitting the target with a clean 25-pip profit before a minor pullback occurred.
Example Case Study 2: GBP/JPY H1
During the London session, the SuperTrend NRP line switched to orange at 194.30, confirming a downtrend.
Soon after, the blue line crossed below the red line on the Leman Forex Crossover Trend Indicator at 194.20.
A sell trade was taken with a 20-pip stop loss and a 35-pip target.
Within three hours, the price dropped to 193.85, reaching the target and providing a solid intraday gain.
Strategy Tips
- Focus on trading during the London and New York sessions for better momentum and tighter spreads.
- Use higher timeframes (H1 or H4) to confirm the direction of the main trend before entering trades.
- Avoid trading around major economic news events that can trigger false crossovers.
- Consider partial profit-taking at 1:1 risk-to-reward and trailing the rest behind the SuperTrend line.
- Regularly review performance on different currency pairs to find those that respond best to this setup.
This intraday strategy combining the Leman Forex Crossover Trend Indicator and the SuperTrend NRP Forex Indicator provides traders with a systematic, high-accuracy approach to capture directional moves.
It aligns trend strength with crossover momentum, resulting in clean entries, controlled risk, and consistent performance during active trading hours.
