The popular Perky Asctrend Forex indicator for Metatrader 4 provides amazing buy and sell signals 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 circle is a buy signal.
- A magenta colored circle 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 “PerkyAsctrend1.mq4” indicator for MT4
Indicator Chart (AUD/USD M5)
The picture below shows the Perky Asctrend 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 Perky Asctrend Forex 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.
Renko-Perky Forex Day Trading Strategy for MT4
This strategy combines the Perky Asctrend Forex Indicator with a Renko Boxes Forex Indicator to trade intraday setups.
The Perky Asctrend indicator gives clear blue (buy) or magenta (sell) dots, while the Renko boxes display trend direction: blue boxes indicate a bullish trend and red boxes indicate a bearish trend.
We use them together to isolate entries in the direction of the Renko trend and get signal confirmation from Perky Asctrend.
Because Renko filters price noise by using fixed “boxes” rather than time intervals, it’s especially helpful in volatile markets.
This strategy is made for day traders using 5-minute to 30-minute charts on major pairs like EUR/USD, GBP/USD, USD/JPY, AUD/USD, etc.
It’s meant for disciplined traders who want clean entries without overthinking.
Buy Entry Rules
- Ensure the Renko boxes are coloring blue (bullish trend).
- Wait for a blue circle dot from the Perky Asctrend indicator to appear on the price chart.
- Enter a buy position when both conditions align: blue Renko + Perky blue dot.
- Place the stop loss just below the most recent Renko low or a few pips under the blue box transition.
- Set a take profit equal to 1.5× or 2× the stop loss distance, or close when a magenta dot appears.
Sell Entry Rules
- Confirm the Renko boxes are red (bearish trend).
- Wait for a magenta circle dot from Perky Asctrend to show up.
- Enter a sell position when red Renko + magenta dot coincide.
- Put the stop loss just above the recent Renko high or above the red box boundary.
- Target a take profit of 1.5×–2× the stop distance, or exit on a blue dot.
Advantages
- Filters out noise by relying on Renko trend direction.
- Offers precise entries via the Perky Asctrend dots.
- Reduces whipsaw trades compared to pure indicator-based systems.
- Works well during active trading hours with momentum.
- Suitable for multiple currency pairs and moderate timeframes.
Drawbacks
- Delayed entries sometimes, since Renko needs price movement to build boxes.
- Not ideal in ranging or choppy markets where Renko will flip often.
- Requires strict discipline to avoid overtrading on weak signals.
- Stop loss and take profit must be adjusted per pair volatility.
Example Case Study 1 – EUR/USD on M15
During the London session, EUR/USD began trending upward.
The Renko boxes turned blue, signaling bullish bias.
Shortly after, the Perky Asctrend indicator plotted a blue dot at 1.1105.
A buy trade was opened with a stop loss 12 pips below, just under the last Renko low, and a take profit set at 24 pips (2× risk).
Within the next 30 minutes, the price moved upward, hit the target, and closed the trade.
This shows how combining Renko direction with Perky’s dot gives filtered, high-probability entries.
Example Case Study 2 – GBP/USD on M10
Mid-US session, GBP/USD reversed downward.
The Renko boxes switched to red, signaling bearish pressure.
Soon after, Perky Asctrend produced a magenta dot at 1.2850.
A sell trade was placed with a 15-pip stop just above the recent Renko high, and a take profit at 30 pips.
Over the next hour, the pair dropped, reaching the target.
The trade aligned with the trend shown by Renko boxes and got confirmation via Perky Asctrend.
Strategy Tips
- Use a modest lot size—this is a scalping or day trading style.
- Consider trailing stops once the trade moves in your favor.
- Test on demo first to calibrate stop loss and take profit distances per pair.
- If the Renko boxes flip before price moves much, skip that signal and wait for stability.
By linking the trend clarity of Renko boxes with the precise signals of the Perky Asctrend indicator, this day trading strategy aims to capture clean intraday moves while reducing noise and false entries.
Begin on a demo account, adjust for each currency pair’s volatility, and refine the timing before applying with real capital.
Download Now
Download the “PerkyAsctrend1.mq4” indicator for Metatrader 4
