The Radar Signal indicator for Metatrader 4 is a complete Forex trading system that comes with entry level and take profit.
The indicator gets displayed in the main trading window and provides all technical information in detail (see image below).
Radar Signal is beginner-friendly, just follow the suggested buy and sell signals!
The Radar Signal Forex indicator can be used for both trade entry and exit or as a trend filter.
Free Download
Download the “Radar Signal.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The picture below shows the Radar 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 Radar Signal 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.
Radar Signal Indicator + 4‑Time‑Frame Hull Trend Forex Day Trading Strategy
This day trading strategy merges the multi‑signal capabilities of the Radar Signal Forex Indicator with the trend bias of the 4‑Time‑Frame Hull Trend indicator.
Radar Signal offers built‑in entry and take profit suggestions, and the Hull indicator helps you filter trades by confirming trend direction across multiple timeframes.
Use this setup mainly on timeframes like M15 or M30 during major trading sessions (London / New York).
The idea is to only take Radar’s entries when they align with the Hull trend across its four timeframes—giving you higher probability trades.
Buy Entry Rules
- Wait for a buy signal from Radar Signal (its built-in entry alert).
- Confirm that all four Hull Moving Averages (HMAs) from the multi‑timeframe Hull trend indicator are green (bullish bias).
- Enter long at the close of the Radar signal candle, if Hull bias is confirmed.
- Set a stop loss below the recent swing low or a set pip distance (for example, 20–30 pips, depending on the pair).
- Set take profit as recommended by the Radar Signal system, or aim for a risk‑reward of at least 1:1.5 or 1:2.
- Optionally trail your stop as trade moves in profit, or exit if Hull HMAs flip or Radar issues an exit.
Sell Entry Rules
- Wait for a sell signal from Radar Signal.
- Confirm that all four HMAs of the Hull Trend indicator are purple (bearish bias).
- Enter short at the close of the signal candle if the Hull bias is aligned.
- Set a stop loss above the recent swing high or a fixed pip distance (e.g., 20–30 pips).
- Use Radar’s take profit suggestion or aim for at least 1:1.5 risk-reward.
- Consider trailing your stop or exiting if the Hull trend reverses or the Radar flips signal.
Advantages
- Radar Signal gives pre‑calculated entry and take profit levels, saving you calculation work.
- Hull Trend multi‑timeframe bias filters out countertrend trades, improving accuracy.
- A combination helps reduce false signals during weak or choppy markets.
- Suitable for many currency pairs—especially those with clear trending behavior during sessions.
- With both signal and trend alignment, trade confidence increases.
Drawbacks
- Radar signals may sometimes come without perfect trend alignment, causing missed setups or weak trades.
- Hull trend across four timeframes may lag, especially during fast reversals or volatile sessions.
- Stop loss may be hit before the price fully moves in your direction due to small intraday noise.
- Requires attention to both the Radar signal and Hull trend states, increasing complexity during fast markets.
Example Case Study 1 – EUR/USD
On the M15 chart during the London session, Radar Signal issued a buy at about 1.1135.
At the same time, all four HMAs of the Hull Trend indicator were green.
A long trade was entered at 1.1137, SL placed at 1.1117, and TP set per Radar at around 1.1167 (risk‑reward 1:2).
The pair moved upward steadily and hit TP within the session.
Example Case Study 2 – USD/JPY
On the M30 chart in the New York session, Radar Signal gave a sell alert near 146.80.
All four HMAs of the Hull indicator had already turned purple.
A short trade was initiated at 146.77, SL at 146.97, and TP at 146.37.
The price dropped and reached the target before trend conditions changed, yielding profit.
Strategy Tips
- Only take signals when Radar gives an alert and all four HMAs align in the same direction—never go against Hull bias.
- Trade during volatile sessions when trend moves are stronger—avoid very quiet periods.
- If a trade moves in your favor by half the intended profit, move the stop to breakeven or trail it just outside the most recent structure.
- Limit the number of trades per day to avoid overtrading—maybe 2–3 quality setups only.
- Backtest this strategy on your preferred currency pairs to see which respond best to signal + trend alignment.
- Watch for early signs of trend exhaustion (divergences, candlestick patterns) even when Radar and Hull still align.
