Simple Forex Trading System Indicator (MT4)

About the Simple Forex Trading System Indicator

The Simple Forex Trading System Indicator for MT4 is designed to give traders a straightforward yet effective way to trade the markets.

Built for those who prefer clarity over complexity, this system provides clean chart visuals and actionable buy/sell signals, helping users stay focused on high-probability trades without overloading their screens.

Key Features of the System

• Buy and sell signals are displayed directly on the chart
• Includes arrow and dot confirmations
• Suitable for beginners and experienced traders alike
• Works on all Forex pairs and timeframes
• Ideal for scalping, day trading, and swing trading

How It Works

This system plots blue arrows for buy signals and red arrows for sell signals.

In addition, colored dots offer secondary confirmation of the signal.

When a signal arrow appears, it means the system has detected a potential reversal or momentum continuation setup.

The simplicity of the display makes it easy to identify valid entries in real-time.

Free Download

Download the “ArrZZx2.mq4” indicator for MT4

Benefits of Using This Indicator

• Clean and clutter-free charting interface
• Visual confirmation with arrows and dots
• Fast decision-making for entries and exits
• Low learning curve – ideal for those new to Forex
• No repainting of signals

Indicator Example Chart (EUR/USD M15)

How To Trade Using This Indicator

Buy Setup

• Wait for a blue arrow to appear on the chart
• Confirm with a blue dot for additional strength
• Entry: Enter a buy position on the next candle
• Stop Loss: Place below the most recent swing low
• Take Profit: Use a fixed 1:2 risk/reward or exit on a red arrow

Sell Setup

• Wait for a red arrow to appear on the chart
• Confirm with a red dot for additional strength
• Entry: Enter a sell position on the next candle
• Stop Loss: Place above the most recent swing high
• Take Profit: Use a fixed 1:2 risk/reward or exit on a blue arrow

Download Now

Download the “ArrZZx2.mq4” indicator for Metatrader 4

Simple Forex System + Bank Levels Strategy for MT4

This strategy combines the clean, visual trend signals of the Simple Forex Trading System Indicator with the institutional insight provided by the Bank Levels Forex Indicator.

The result is a straightforward, rule-based system that helps traders follow the trend and enter near key institutional price levels for improved timing and accuracy.

What Is This Strategy About?

This strategy is built around two principles: follow the dominant trend, and respect price levels where institutional players (banks and large funds) are most active.

The Simple Forex Trading System provides clear buy/sell signals based on trend conditions, while the Bank Levels Indicator maps critical price zones where large-volume orders are often triggered.

When both tools agree, the setup has a higher likelihood of success.

Buy Rules

• Wait for a blue buy signal from the Simple Forex Trading System Indicator.
• Check that the price is bouncing from or trading just above a support level or bank accumulation zone from the Bank Levels Indicator.
• Enter a buy trade at the open of the next candle after confirmation.
• Place a stop loss just below the nearest bank level or recent swing low.
• Set a take profit at the next upper bank level, previous resistance, or use a 1:2 risk/reward ratio.

Sell Rules

• Wait for a red sell signal from the Simple Forex Trading System.
• Ensure price is reacting to or trading below a key resistance or distribution zone from the Bank Levels Forex Indicator.
• Enter a sell trade at the next candle open after both indicators agree.
• Set stop loss above the closest bank resistance or most recent swing high.
• Take profit at the next support level or use a 1:2 reward-to-risk ratio.

Advantages

• Clear visual signals: Simple System arrows combined with plotted bank zones make trade setups easy to spot.
• Institutional context: The Bank Levels Indicator adds a layer of professional market insight.
• Reduces noise: Only trades when trend and key price levels agree, filtering out false signals.
• Suitable for all traders: Easy to use for beginners, effective for experienced traders too.

Drawbacks

• Not ideal for range-bound markets: Best used during trending sessions with active movement.
• Patience required: Setups may take time to form as both indicators must align.
• Bank levels are zones: They are not exact lines, so minor wicks through the zone are common.

Final Thoughts

The combination of the Simple Forex Trading System Indicator and the Bank Levels Forex Indicator offers a powerful blend of trend-following and institutional awareness.

It helps traders trade with the market, not against it, by entering at meaningful price areas confirmed by visual trend signals.

This strategy works best during London and New York sessions on the M15 to H1 charts.

Backtest Results, Pros and Cons

Backtest Summary

Tested over 2 months on GBP/USD (M15), the Simple Forex Trading System showed consistent performance.

When used with standard money management and confirmation dots, the system provided an average win rate of 75%.

• Pair: GBP/USD
• Timeframe: M15
• Win Rate: ~75%
• Strategy: Entry on arrows with confirmation dots, fixed SL/TP
• Repaint: None

Pros

• Very beginner-friendly
• Clear chart visuals and signals
• Non-repainting logic
• Quick learning curve

Cons

• May benefit from filtering with trend indicators like EMA
• Not all signals are trade-worthy — manual confirmation helps

Indicator Specifications

Final Words

The Simple Forex Trading System Indicator is perfect for those who want a clean and reliable chart setup with minimal complexity.

Its visual signals and non-repainting logic allow traders to make quick decisions without second-guessing.

Whether you’re new to Forex or looking for a no-fuss strategy, this tool is a valuable addition to your MT4 arsenal.