The Professional Forex Swing indicator for mt4 looks for sniper-accurate buy & sell trade entries and works best on the higher time frames.
I highly recommend deploying the indicator on the M30, H1, H4, and D1 time frames.
The indicator pops up in a separate MT4 chart in the form of an oscillator that delivers the actual buy & sell entry points.
Buy & Sell Trade Example
- A red circle arrow represents a buy signal.
- A blue circle arrow represents a sell signal.
- Close and reverse the trade whenever an opposite signal arrives on the chart.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “ProfessionalSwing.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The picture below shows the Professional Forex Swing 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 Professional Forex Swing 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.
Professional Swing + XTC Forex Trend MT4 Scalping Strategy
This scalping strategy combines the clear signal precision of the Professional Forex Swing Indicator with the strong momentum confirmation from the XTC Forex Trend Indicator.
It’s ideal for traders who prefer fast-paced setups and want to capture quick intraday profits with low drawdown.
The Professional Forex Swing Indicator plots red circle arrows for buy entries and blue circle arrows for sell entries, signaling potential short-term reversals.
The XTC Forex Trend Indicator filters out weak trades by confirming the underlying trend direction—blue histogram bars indicate bullish momentum, while red bars confirm bearish momentum.
Together, they offer a simple yet powerful scalping system that thrives in volatile market conditions.
Buy Entry Rules
- Wait for the Professional Forex Swing Indicator to display a red circle arrow.
- Confirm that the XTC Forex Trend Indicator shows blue histogram bars.
- Enter a buy trade once both signals align on the same candle or within one candle apart.
- Set a stop loss 10–15 pips below the recent swing low.
- Take profit at 20–30 pips or when the XTC histogram changes to red.
Sell Entry Rules
- Wait for the Professional Forex Swing Indicator to show a blue circle arrow.
- Confirm that the XTC Forex Trend Indicator histogram turns red.
- Open a sell position when both signals confirm the bearish trend.
- Set a stop loss 10–15 pips above the last swing high.
- Take profit at 20–30 pips or close when the histogram turns blue.
Advantages
- Simple visual confirmation using arrows and color-coded histograms.
- Fast signals suitable for 1-minute to 15-minute scalping setups.
- Helps traders avoid counter-trend trades by combining signal and momentum filters.
- Effective on all major and cross pairs such as EUR/USD, GBP/JPY, and AUD/CHF.
Drawbacks
- Requires constant chart monitoring due to the short-term nature.
- Performance may vary across pairs with low volatility.
Example Case Study 1 – AUD/USD
On the 5-minute chart, the Professional Forex Swing Indicator printed a red circle arrow near 0.6628, signaling a potential bullish reversal.
The XTC histogram confirmed the move with blue bars.
A buy order was placed at 0.6630 with a 12-pip stop loss and 25-pip take profit.
Within 40 minutes, the price rallied to 0.6655, hitting the profit target for a +25 pips gain.
Example Case Study 2 – GBP/JPY
During the Tokyo session, a blue circle arrow appeared near 191.85, followed by red histogram bars on the XTC indicator.
A sell position was opened at 191.80 with a 15-pip stop loss and 30-pip target.
The pair dropped sharply to 191.50 within an hour, achieving the take profit with +30 pips.
Strategy Tips
- Focus on pairs with consistent volatility, such as GBP/USD, EUR/JPY, and AUD/JPY, for sharper scalping moves.
- Use the 5-minute or 15-minute charts for the most accurate combination of signal and trend confirmation.
- Avoid trading during major news announcements to reduce sudden price spikes and spread widening.
- Wait for both indicators to fully confirm the setup before entering—avoid guessing or preempting signals.
- Use a trailing stop once your trade is in profit to lock in gains while allowing room for extended runs.
- Combine this system with a session timer indicator to focus only on high-volume trading hours.
- When in doubt, trade in the direction of the XTC histogram and ignore counter-trend signals from the swing indicator.
- End your trading session after reaching your daily target to avoid emotional overtrading.
Download Now
Download the “ProfessionalSwing.mq4” indicator for Metatrader 4
