The NRTR Gator Forex Trend indicator for MT4 provides trend signals with suggested stop loss levels + colored candlesticks plotted on the chart.
The indicator is very reliable, lightweight, and will not slow down your trading platform.
The NRTR Gator Forex Trend indicator can be used as a standalone trading tool for both trade entry and exit.
It can also be used as an additional signal indicator that works together with an existing trading strategy or system of your preference.
Buy & Sell Trade Example
- A blue dot is a buy signal. Place your stop loss a few pips below the blue dots.
- A red dot is a sell signal. Place your stop loss a few pips above the red dots.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “NRTR_Gator.mq4” indicator for MT4
Indicator Chart (EUR/USD Weekly)
The picture below shows the NRTR Gator Forex Trend mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the NRTR Gator Forex 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: Signals
Does the indicator repaint? No.
NRTR Gator Forex Scalper PRO MT4 Strategy
This scalping strategy for MT4 combines two powerful tools: the NRTR Gator Forex Trend Indicator and the Elite Pro Scalper Indicator.
The NRTR Gator shows trend direction via dots (blue for buy trend, red for sell trend) and provides clear stop‑loss placement a few pips from the dots.
The Elite Pro Scalper provides precise entry arrows—a blue arrow for buy signal, a red arrow for sell signal.
By combining trend confirmation with a precise entry trigger, this system is designed for fast intraday scalps on major currency pairs like EUR/USD, USD/JPY, GBP/USD, and AUD/USD.
Use shorter time frames (for example, M1, M5, or M15) where the market is active.
The key is to trade with the trend (NRTR dots) and only enter when the Elite Pro arrow gives the signal.
This filters out many false entries and aligns your trade with the direction of momentum.
Buy Entry Rules
- Observe the NRTR Gator indicator: when a blue dot appears below the price, it indicates a potential buy trend.
- Wait for the Elite Pro Scalper indicator to print a blue upward arrow.
- Enter a buy trade immediately after the blue arrow appears and the trend condition is confirmed.
- Place a stop loss a few pips below the most recent blue dot from the NRTR Gator.
- Take profit when you achieve a small target (10‑25 pips) or when the NRTR Gator dot changes color (blue to red) or an opposite red arrow appears from Elite Pro.
Sell Entry Rules
- Observe the NRTR Gator indicator: when a red dot appears above the price, it signals a potential sell trend.
- Wait for the Elite Pro Scalper to print a red downward arrow.
- Enter a sell trade right after the red arrow appears and the trend condition is confirmed.
- Place your stop loss a few pips above the most recent red dot from the NRTR Gator.
- Take profit when you capture a small gain (10‑25 pips) or when the NRTR dot flips to blue or a blue arrow appears on Elite Pro.
Advantages
- Clear trend filter (dots) helps ensure you trade in the direction of momentum.
- Precision entry via arrows reduces guesswork in timing.
- Defined stop‑loss placement determined by NRTR dots improves risk control.
- Scalping targets are modest, so you can take multiple trades in a session.
- Suitable for major forex pairs that have tight spreads and high liquidity, making small‑pip trades feasible.
Drawbacks
- In sideways or low‑volatility markets, the dots and arrows may trigger frequent false signals or whipsaws.
- Small pip targets mean spreads and slippage have a greater impact on profitability.
- Requires active monitoring—scalping on short time‑frames demands fast reactions and discipline.
- Many trades can accumulate fatigue and transaction costs unless managed carefully.
Case Study 1 – EUR/USD M5 Chart
On the EUR/USD 5‑minute chart during the London session, the NRTR Gator printed a blue dot at 1.1015, indicating a buy trend.
Shortly after, the Elite Pro Scalper printed a blue arrow at 1.1017.
A buy trade was entered then, with stop loss set at 1.1010 (a few pips below the dot) and a take profit target of about 18 pips at 1.1035.
Within 30 minutes, the price reached the target with no major retracement.
Case Study 2 – USD/JPY M1 Chart
During the New York session, the USD/JPY 1‑minute chart showed a red dot from the NRTR Gator at 149.40, signifying a sell trend.
The Elite Pro then displayed a red arrow at 149.38.
A sell trade was entered with a stop loss at 149.44 and a target about 15 pips lower at 149.23.
In under 20 minutes, the target was reached, capturing the move efficiently by aligning the arrow and trend.
Strategy Tips
- Focus on high‑liquidity pairs like EUR/USD, USD/JPY, GBP/USD, and AUD/USD to ensure smooth price action and tight spreads.
- Trade only when the trend dot appears first, then wait for the entry arrow—avoid entering based solely on the arrow without trend confirmation.
- Keep your trade duration short—this is scalping, not swing trading—exit quickly when the target is reached or signs of reversal appear.
- Manage risk: since targets are small, even one loss can wipe out several wins if risk is not controlled. Use fixed lots or risk a small percentage per trade.
