The Low Pass Bands Sync Filter Forex Signal indicator for mt4 (Metatrader 4) provides sniper-accurate buy and sell signals with the help of a channel.
The indicator gets displayed in the main MT4 chart window in the form of a channel along with buy and sell signal arrows.
It’s a good tool for scalping the Forex market multiple times a day for 6-20 pips profit per trade.
Buy & Sell Trade Example
- A magenta dot is a buy signal.
- An aqua dot is a sell signal.
- Exit the trade at the opposite channel band.
The Low Pass Bands Sync Filter Forex Signal indicator can be used for both trade entry and exit.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “low-pass-bands-sync-filters-mtf.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The picture below shows the Low Pass Bands Sync Filter Forex Signal 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 Low Pass Bands Sync Filter Forex Signal 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: Signals
Does the indicator repaint? No.
Low Pass Bands Sync Filter and ZWinner Trend MT4 Scalping Strategy
This MT4 scalping strategy combines the Low Pass Bands Sync Filter Forex Signal Indicator and the ZWinner Trend Forex Indicator to capture quick intraday price movements.
The Low Pass Bands Sync Filter identifies short-term market direction using rising or declining channels and colored dots for buy or sell signals.
The ZWinner Trend Indicator confirms the trend with a green histogram for bullish momentum and a red histogram for bearish momentum.
This strategy is ideal for traders looking for fast, reliable scalping opportunities on 1-minute, 5-minute, or 15-minute charts.
Buy Entry Rules
- Wait for a rising channel on the Low Pass Bands Sync Filter indicator combined with a magenta dot, signaling a buy.
- Confirm that the ZWinner Trend histogram is green, indicating a bullish trend.
- Enter the buy trade immediately after both indicators align.
- Place a stop loss just below the recent minor swing low.
- Set a take profit target between 5 and 12 pips for quick scalping gains, or use a trailing stop based on the indicator movement.
Sell Entry Rules
- Wait for a declining channel on the Low Pass Bands Sync Filter indicator, combined with an aqua dot, signaling a sell.
- Confirm that the ZWinner Trend histogram is red, indicating a bearish trend.
- Enter the sell trade immediately after both indicators align.
- Place a stop loss just above the recent minor swing high.
- Set a take profit target between 5 and 12 pips, or use a trailing stop to capture small intraday reversals.
Advantages
- Clear trading signals for fast scalping entries.
- Combines trend confirmation with precise buy/sell signals for higher accuracy.
- Works on lower timeframes for quick intraday trades.
- Easy to follow for both beginner and experienced traders.
- Helps manage risk by providing small, controlled targets per trade.
Drawbacks
- False signals can occur during highly volatile or ranging markets.
- Requires constant monitoring due to fast-moving scalping trades.
- Profit potential is limited due to small pip targets.
Example Case Studies
Case Study 1
On the EUR/USD 5-minute chart, a magenta dot appeared with a rising channel, while the ZWinner Trend histogram turned green.
The trader entered a buy position, placed a 7-pip stop loss, and set a 10-pip take profit.
The price moved quickly in favor, hitting the take profit in under 20 minutes, demonstrating the effectiveness of trend confirmation combined with the channel signal.
Case Study 2
On the GBP/USD 1-minute chart, an aqua dot appeared with a declining channel, and the ZWinner Trend histogram was red.
The trader entered a sell position with a 5-pip stop loss and an 8-pip take profit.
The price moved in favor immediately, reaching the take profit target within 12 minutes.
Strategy Tips
- Use this strategy during high liquidity periods, such as the London and New York sessions.
- Combine with support and resistance levels to avoid entering trades near strong price barriers.
- Adjust lot sizes according to account balance and risk tolerance.
- Consider using a small trailing stop to capture extra pips if the trend extends.
- Keep an eye on economic news releases that may cause sudden spikes, as they can affect scalping trades significantly.
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Download the “low-pass-bands-sync-filters-mtf.mq4” indicator for Metatrader 4
