Profit Sunrise is a free mt4 (Metatrader 4) Forex signals indicator that works great for all kinds of trade styles.
The actual signal appears in the main MT4 chart window as green and red circled arrows.
The Profit Sunrise Forex enables traders to re-enter trades in the direction of the underlying trend (see chart below).
Buy & Sell Trade Example
- Open a buy position as soon as the first green circled arrow appears on the chart.
- Open a sell position as soon as the first red circled arrow appears on the chart.
- Close and reverse the trade whenever an opposite signal arrives on the chart.
The Profit Sunrise indicator can be used for both trade entry and exit or as an additional trend confirmation 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 “profit-sunrise-indicator.mq4” indicator for MT4
Indicator Chart (USD/CAD H1)
The example below shows the Profit Sunrise 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 Profit Sunrise 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.
Profit Sunrise Indicator + Wildan Trend System Forex Scalping Strategy
This scalping strategy combines the clear reversal signals of the Profit Sunrise Forex Indicator with the trend confirmation of the Wildan Trend System Forex Indicator.
It is ideal for short-term traders looking to capture quick intraday moves while minimizing false entries.
The Profit Sunrise indicator plots green circled arrows for buy signals and red circled arrows for sell signals.
The Wildan Trend System uses a blue histogram to indicate bullish momentum and a red histogram for bearish momentum.
By combining both, traders can take advantage of reversal points while confirming the overall trend direction for higher accuracy.
Buy Entry Rules
- Open a buy trade when the first green circled arrow appears on the chart.
- Confirm that the Wildan Trend histogram is blue, indicating a buy trend.
- Enter at the close of the candle with the green arrow and blue histogram.
- Set a stop loss 10–15 pips below the recent swing low.
- Take profit between 20–30 pips or exit when the histogram turns red.
Sell Entry Rules
- Open a sell trade when the first red circled arrow appears on the chart.
- Confirm that the Wildan Trend histogram is red, indicating a sell trend.
- Enter at the close of the candle with the red arrow and red histogram.
- Set a stop loss 10–15 pips above the recent swing high.
- Take profit between 20–30 pips or exit when the histogram turns blue.
Advantages
- Simple and fast visual signals with circled arrows and color-coded histograms.
- Effective for short-term scalping and intraday setups.
- Combining reversal and trend confirmation increases the probability of successful trades.
- Applicable to most major and cross-currency pairs, such as EUR/USD, GBP/JPY, and AUD/USD.
Drawbacks
- Rapid price spikes can trigger stop losses before the trend develops.
- Too many consecutive signals in choppy conditions can lead to small losses stacking up.
- May underperform during major news events or high-impact economic releases.
Example Case Study 1 – EUR/GBP
On the 5-minute chart, a green circled arrow appeared at 0.8912 while the Wildan Trend histogram was blue.
A buy position was entered at 0.8915 with a stop loss at 0.8902 and a take profit at 0.8935.
Within 30 minutes, the trade reached the target for +20 pips.
Example Case Study 2 – AUD/JPY
During the Tokyo session, a red circled arrow appeared near 91.75 with the Wildan Trend histogram showing red.
A sell trade was taken at 91.72 with a stop loss at 91.88 and a take profit at 91.42.
The price dropped steadily and reached the take profit level within 45 minutes, yielding +30 pips.
Strategy Tips
- Focus on high-liquidity trading sessions like London and New York for stronger price moves.
- Use short timeframes (5M–15M) for scalping opportunities.
- Consider trailing stops once a trade moves in your favor to lock in profits.
- Avoid entering trades near major economic news releases to reduce the risk of sudden volatility.
Download Now
Download the “profit-sunrise-indicator.mq4” indicator for Metatrader 4
