Lock Kijun Sen Channel is a free mt4 (Metatrader 4) Forex indicator that displays the Kijun Sen channel on the activity chart.
The indicator consists of 3 orange colored lines that form the actual channel.
- A rising channel indicates rising currency prices.
- A falling channel indicates falling currency prices.
The Kijun Sen Channel indicator performs best when combined with an existing trading strategy or system of your preference.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “LOCKijunSenChannel.mq4” indicator for MT4
Indicator Chart (EUR/USD Daily)
The example chart below displays the Kijun Sen Channel 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 Kijun Sen Channel 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: Kijun
Does the indicator repaint? No.
Lock Kijun Sen Channel + Massive FX Profit MT4 Scalping Strategy
This MT4 scalping strategy merges dynamic channel trend filtering with precise signal arrows.
The Lock Kijun Sen Channel Indicator for MT4 draws rising or falling channels: a rising channel suggests bullish control, while a falling channel signals bearish pressure.
The Massive FX Profit MT4 Indicator delivers green arrows for buy signals and red arrows for sell signals, along with a trend‐strength reading.
Use this strategy on M1, M5, or M15 charts to capture fast intraday moves.
By combining the broad trend direction of the channel with pinpoint entry arrows, this method helps filter noise and catch high-probability scalps.
It’s ideal for active traders who prefer quick in & out trades during volatile sessions.
Buy Entry Rules
- Ensure the Lock Kijun Sen Channel is sloping upward, defining an uptrend.
- Wait for price to pull back toward the lower boundary of the rising channel (or near the Kijun base line, depending on the indicator’s drawing).
- Confirm that a green arrow appears from the Massive FX Profit indicator while trend strength is strong (as shown in the indicator’s strength meter).
- Enter a buy order at the close of the arrow candle, ideally once the price begins to bounce upward.
- Set stop loss a few pips below the channel lower boundary or just below the swing low.
- Take profit target can be 1.5× to 2× your risk (e.g., if your SL is 8 pips, aim for 12–16 pips) or exit near the upper channel boundary.
Sell Entry Rules
- Ensure the Lock Kijun Sen Channel is sloping downward, defining a downtrend.
- Wait for the price to pull back toward the upper boundary of the falling channel.
- Confirm that a red arrow appears from the Massive FX Profit indicator while trend strength is strong.
- Enter a sell order at the close of the arrow candle as the price begins to turn downward.
- Set stop loss a few pips above the channel upper boundary or above the recent swing high.
- The take profit target can be 1.5× to 2× your risk or exit near the channel’s lower boundary.
Advantages
- Combines trend structure (channel) with precise entry timing (arrow signals).
- Helps avoid countertrend entries by filtering to only trades aligned with channel direction.
- Scalable to multiple timeframes (M1 to M15) for scalping conditions.
- Clear stop and target zones make risk control easier.
- Minimal lag in entry thanks to arrow signals, suitable for fast market moves.
Drawbacks
- Frequent false signals in choppy or sideways markets when channel slopes are flat.
- Small price swings may hit the stop loss before the trend resumes.
- Requires fast execution and discipline in scalping, as signals appear and expire quickly.
- Spread and slippage matter more in short‐term trades—costs can eat profits.
Example Case Study 1 (USD/JPY, M5)
On USD/JPY M5, the Lock Kijun Sen Channel was sloped upward over several candles.
Price retraced downwards toward the lower channel boundary.
A green arrow appeared from Massive FX Profit while the strength indicator showed a strong bullish trend.
A buy was taken at 135.45 with a stop loss at 135.37 (8 pips).
The price quickly bounced and reached 135.59, giving 14 pips profit before stalling near the upper channel line.
Example Case Study 2 (AUD/USD, M1)
On AUD/USD M1, a clear downward channel was drawn by the Lock Kijun Sen Channel.
Price rallied slightly to touch the upper channel line, and then a red arrow appeared with strong trend strength.
A sell entry was placed at 0.6732, with a stop loss at 0.6738 (6 pips).
The pair plunged to 0.6724 in under 15 minutes, netting 8 pips before a minor bounce forced an exit.
Strategy Tips
- Trade during high liquidity periods (London, New York) to reduce latency and slippage.
- Allow only one trade per signal in a given direction to avoid overtrading within the same channel swing.
- Use small lot sizes and strict risk per trade (e.g., 0.5% or 1%) as scalping can have many small losses.
- Combine this with a higher timeframe check (e.g., H1 trend) to avoid fading major reversals.
- Backtest on different pairs to find which behave nicely with this combination.
Download Now
Download the “LOCKijunSenChannel.mq4” indicator for Metatrader 4
