The NTrend Forex Sniper indicator for Metatrader 4 delivers amazing buy and sell signals on the chart and works for all currency pairs and time frames.
The indicator is very reliable, lightweight, and will not slow down your trading platform.
Buy & Sell Trade Example
- A blue colored symbol is a buy signal.
- A magenta colored symbol is a sell signal.
For scalping and day trading, the indicator performs best during the London and New York trading sessions.
It can also be used as an additional signal indicator that works together 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 “NTREND.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The picture below shows the NTrend Forex Sniper 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 NTrend Forex Sniper 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.
NTrend & Zero-Lag MA Forex Intraday Strategy for MT4
This MT4 intraday strategy combines the NTrend Forex Sniper Indicator and the Zero-Lag Moving Average Indicator to catch short-term intraday moves.
The NTrend indicator provides clear buy/sell signals with blue and magenta symbols, while the Zero-Lag MA confirms trend direction (price above MA = buy trend, price below MA = sell trend).
This strategy is ideal for M5 and M15 charts on major pairs such as EUR/USD, USD/JPY, and GBP/USD.
The method enters trades when both indicators align: the NTrend symbol indicates an entry, and the MA confirms trend direction.
Trades are held for a short intraday move, aiming for quick profits while filtering out weak setups.
Buy Entry Rules
- NTrend shows a blue colored symbol (buy signal).
- Price is above the Zero-Lag MA (confirming buy trend).
- Enter a buy trade immediately after both conditions are met.
- Place a stop loss a few pips below the recent low or NTrend blue symbol.
- Take profit 15–30 pips or exit if price closes below MA or a magenta symbol appears.
Sell Entry Rules
- NTrend shows a magenta colored symbol (sell signal).
- Price is below the Zero-Lag MA (confirming sell trend).
- Enter a sell trade immediately after both conditions are met.
- Place a stop loss a few pips above the recent high or NTrend magenta symbol.
- Take profit 15–30 pips or exit if price closes above MA or a blue symbol appears.
Advantages
- Clear, visual entries plus trend confirmation reduce false trades.
- Works well on M5 and M15 intraday charts for fast profits.
- Major pairs with tight spreads benefit from this strategy.
- Stop-loss levels based on symbols and trend make risk management easier.
- Trend-aligned trades increase the probability of success.
Drawbacks
- Small intraday targets require multiple trades for significant gains.
- Spreads and slippage can affect results due to small pip targets.
- Requires active monitoring; not suitable for set-and-forget.
- Unexpected reversals or news events can trigger losses.
Case Study 1 – EUR/USD M15 Chart
During the London session, the Zero-Lag MA slopes upward.
NTrend shows a blue symbol at 1.1080.
Price is above the MA, confirming buy trend.
A buy trade is opened at 1.1080 with a stop loss at 1.1065 and a target at 1.1105 (25 pips).
The target is reached within 40 minutes, demonstrating a clean intraday scalp.
Case Study 2 – USD/JPY M5 Chart
In the New York session, the Zero-Lag MA turns downward.
NTrend shows a magenta symbol at 149.75.
Price is below the MA, confirming the sell trend.
A sell trade is entered at 149.75 with a stop loss at 149.90 and a target at 149.45 (30 pips).
Price reaches the target in ~30 minutes, showing the effectiveness of trend-aligned entry.
Strategy Tips
- Focus on high-liquidity pairs like EUR/USD, USD/JPY, and GBP/USD for smoother trades.
- Ensure Zero-Lag MA has a clear slope before taking symbol entries.
- Avoid entering trades just before major news releases.
- Keep a trading log to track which pairs and timeframes work best.
- Limit the number of trades per day to avoid overtrading and fatigue.
