Precise Forex Signal for Metatrader 4 can be classified as a directional trend signal indicator that works out of the box.
The indicator is very reliable, lightweight, and will not slow down your trading platform.
The buy & sell signals appear in the main MT4 chart window as green and pink colored signal dots.
The indicator suits both beginners and seasoned traders.
Buy & Sell Trade Example
- Open a buy position when the green colored dot appears on the trading chart.
- Open a sell position when the pink colored dot appears on the trading chart.
- Close and reverse the open position when an opposite trading signal appears on the chart.
The Precise Forex Signal indicator can be used for both trade entry and exit, or can act as a trend filter.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “perfect-trend-line-indicator.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The picture below shows the Precise 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 Precise 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: Signal
Does the indicator repaint? No.
Precise SuperTrend Scalping Strategy for MT4
The Precise Forex Signal Indicator and the SuperTrend NRP Forex Indicator form a highly effective scalping combination for MT4 traders.
This strategy focuses on identifying rapid trend shifts and precise intraday entries using both indicators together.
The Precise Forex Signal Indicator provides crystal-clear signal dots for trade timing, while the SuperTrend NRP confirms the prevailing trend direction with its color-changing dynamic line.
Together, they filter out noise and produce clean setups ideal for 1-minute to 15-minute charts.
This approach is best suited for active traders who prefer multiple trades per session and want clear visual confirmations without lagging indicators.
By aligning short-term momentum with the larger trend direction, the strategy aims to maximize high-probability entries and minimize false reversals.
Buy Entry Rules
- Wait for the SuperTrend NRP indicator to turn green, confirming a bullish trend.
- Open a buy trade when the Precise Forex Signal Indicator plots a green dot on the chart.
- Place the stop loss just below the nearest swing low or 10–15 pips under the SuperTrend line.
- Set the take profit at 1.5 to 2 times the stop loss distance, or exit when a pink dot appears.
Sell Entry Rules
- Wait for the SuperTrend NRP indicator to turn orange, signaling a bearish trend.
- Open a sell trade when the Precise Forex Signal Indicator plots a pink dot on the chart.
- Place the stop loss just above the most recent swing high or 10–15 pips above the SuperTrend line.
- Set the take profit at 1.5 to 2 times the stop loss distance, or exit when a green dot appears.
Advantages
- Combines precision entry signals with clear trend confirmation.
- Minimizes false signals during volatile sessions.
- Ideal for short-term traders and scalpers using MT4.
- Easy to interpret visually, even for beginners.
- Can be used across major forex pairs and time frames.
Drawbacks
- Frequent signals on lower time frames may require high focus.
- Performance can vary during sideways or ranging markets.
- Needs proper money management to avoid overtrading.
Example Case Study 1 – EUR/USD M5
During the London session, EUR/USD was in a strong uptrend.
The SuperTrend NRP turned green, confirming bullish momentum.
A green dot appeared on the Precise Forex Signal Indicator near 1.0750.
A buy trade was opened with a 12-pip stop loss below the SuperTrend line.
Within 40 minutes, the price rose to 1.0770, producing a 24-pip gain.
The trade aligned perfectly with the overall session trend, highlighting how well both indicators complement each other for fast intraday gains.
Example Case Study 2 – GBP/JPY M15
In the early New York session, GBP/JPY began reversing after a downtrend.
The SuperTrend NRP changed from orange to green, signaling a potential shift.
Shortly after, the Precise Forex Signal Indicator printed a green dot near 188.45.
A buy trade was executed with a 20-pip stop loss and a 40-pip target.
The pair climbed to 188.85 within an hour, reaching the profit target for a 2:1 reward-to-risk ratio.
Strategy Tips
- Avoid trading during low-volume periods or major news releases.
- Stick to 1M, 5M, or 15M charts to maximize scalping efficiency.
- Use a trailing stop once the trade moves into profit to lock in gains.
- Combine with a volume or volatility filter for additional confirmation.
When used correctly, this combination of the Precise Forex Signal Indicator and the SuperTrend NRP Forex Indicator provides one of the cleanest and most reliable MT4 scalping setups available.
It offers clarity, precision, and adaptability—three traits that every successful short-term trader values.
Download Now
Download the “perfect-trend-line-indicator.mq4” indicator for Metatrader 4
