The Skdon Trend Metatrader 4 forex indicator is a highly reliable buy/sell forex indicator that is preferred by professional traders.
The indicator is quite easy to use and friendly as well.
The indicator allows traders to pick the market at the very beginning of a new trend and also allows you to exit before the market turns at the bottom.
This will obviously make you more consistent profits in the currency market.
When Skdon Trend MT4 is correctly installed on your trading platform, it pops up like a Heiken Ashi bar and performs slightly like moving averages.
The signals:
- A blue arrow on the chart represents a buy signal.
- A red arrow on the chart represents a sell signal.
Free Download
Download the “skdon-trend-indicator.ex4” MT4 indicator
Indicator Chart (EUR/USD H1)
The EUR/USD H1 chart below displays the Skdon Trend Metatrader 4 forex indicator in action.
Basic Trading Signals
Buy Signal: Go long when the Skdon Trend Metatrader 4 forex indicator displays a blue upward pointing arrow along with ensuing blue candle-like bodies.
Sell Signal: Go short when the Skdon Trend Metatrader 4 forex indicator displays a red downward-pointing arrow along with ensuing red candle-like bodies.
Exit buy trade: Close all buy orders if while a bullish trend is ongoing, the Skdon Trend Indicator puts on display a red downward pointing arrow.
Exit sell trade: Close all sell orders if while a bearish trend is running, the Skdon Trend Indicator pops up a blue upward pointing arrow.
Tips: This technical indicator is perfect for day traders and swing traders. It offers massive cash-spinning opportunities in trending markets. All you need to do is to follow the rules.
SKDon Trend + CCI Colored Buy Sell MT4 Forex Strategy
This strategy combines the SKDon Trend MT4 Forex Indicator and the CCI Colored Buy Sell Trend MT4 Forex Indicator.
SKDon Trend shows trend direction with arrows: a blue arrow signals a bullish trend, and a red arrow signals a bearish trend.
The CCI Colored indicator shows momentum: a blue histogram above zero indicates bullish momentum and a red histogram below zero indicates bearish momentum.
Using both together ensures you only enter trades when trend direction and momentum align.
This strategy works best on M5, M15, and H1 timeframes and is ideal for liquid forex pairs with good volatility.
Buy Entry Rules
- Wait for SKDon Trend to show a blue arrow (bullish trend signal).
- Confirm that the CCI Colored histogram is blue and above zero (bullish momentum).
- Enter a long position at the close of the candle where both signals appear.
- Place a stop loss a few pips below the recent swing low or nearby support.
- Take profit when the price reaches the next meaningful resistance level, the CCI histogram turns red, or SKDon Trend shows a red arrow, whichever happens first.
Sell Entry Rules
- Wait for SKDon Trend to show a red arrow (bearish trend signal).
- Confirm that the CCI Colored histogram is red and below zero (bearish momentum).
- Enter a short position at the close of the candle where both signals appear.
- Place a stop loss a few pips above the recent swing high or nearby resistance.
- Take profit when the price reaches the next meaningful support level, the CCI histogram turns blue, or SKDon Trend shows a blue arrow, whichever occurs first.
Advantages
- Trades only when trend and momentum agree, reducing false signals.
- Adaptable across multiple intraday timeframes (M5, M15, H1).
- Take-profit based on price structure or momentum fade allows adaptation to real market conditions.
- Clear entry and exit conditions simplify trade management.
- Easy to interpret using only two indicators and clear blue/red signals.
Drawbacks
- Requires active monitoring for momentum fade or trend reversals.
- Patience is required because trades only occur when trend and momentum align.
Example Case Studies
Case Study 1: EURUSD on M15
During the European session, SKDon Trend turned blue, and the CCI Colored histogram turned blue above zero.
Price was near a swing low at 1.1060.
A long trade was entered at 1.1062, stop loss at 1.1045.
The take profit was set at 1.1105, but the price closed at 1.1103 when the histogram turned red.
The trade gained 41 pips.
Case Study 2: GBPUSD on H1
On the H1 chart, SKDon Trend showed a red arrow, and the CCI Colored histogram dropped below zero and turned red.
Price retraced near resistance at 1.2240.
A short trade was opened at 1.2238, stop loss at 1.2265, take profit near support at 1.2178.
Price moved down, and the histogram turned blue near the support. The trade gained 58 pips.
Strategy Tips
- Confirm signals with higher timeframe trends to avoid counter-trend trades. For example, check the H1 trend if trading M15.
- Combine with simple price action patterns such as pin bars or engulfing candles for better entry timing.
- Adjust stop loss and take profit based on the volatility of each currency pair. Higher volatility pairs may require wider stops and targets.
- Use a small lot size for early trades while testing the strategy to learn how signals behave under live conditions.
- Consider using a trailing stop once the trade moves in your favor to lock in profits while allowing the trend to continue.
- Check multiple currency pairs for alignment. Sometimes the same trend in correlated pairs can reinforce trade confidence.
- Review your trades daily to identify patterns of success and failure. Refine entry timing, exit rules, and timeframe selection based on your experience.
Download Now
Download the “skdon-trend-indicator.ex4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern indicator
Customization options: Variable (MaMetod, MaPeriod), width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: trend
