Sniper Arrows Forex Signal Indicator (MT4)

About the Sniper Arrows Forex Signal Indicator

The Sniper Arrows Forex Signal Indicator for MT4 is a powerful entry-based system designed to help traders pinpoint high-probability buy and sell signals on any currency pair.

Built for simplicity and precision, this non-repainting indicator generates clear trading signals based on momentum shifts and market reversals, making it ideal for both beginners and experienced traders.

Key Features of the Sniper Arrows Indicator

• Generates non-repainting signal lines on the chart
• Works across all currency pairs and timeframes
• Green line = Buy signal, Orange line = Sell signal
• Easy-to-understand and clean visual signals
• Optimized for scalping, intraday, and swing trading

How the Sniper Arrows Indicator Works

The indicator analyzes price momentum and volatility to detect early trend reversals.

When the conditions are met, it plots a green line below the price (indicating a buy signal) or an orange line above the price (indicating a sell signal).

It does not repaint after the candle closes, ensuring reliability in backtesting and live trading scenarios.

Free Download

Download the “ARROWS.ex4” indicator for MT4

Benefits of Using the Sniper Arrows Indicator

• Clear signal confirmation reduces guesswork
• Non-repainting logic ensures stable backtests
• Easy to follow even without prior technical analysis knowledge
• Suitable for any trading session or style

Indicator Example Chart (EUR/USD 30-minute chart)

How To Trade Using This Indicator

Buy Setup

• Open a buy trade as soon as the indicator starts drawing the yellow line.
• Enter a long (buy) trade at the open of the next candle
• Stop Loss: Place just below the recent swing low
• Take Profit: Use a risk/reward ratio of 1:2 or exit on opposite arrow

Sell Setup

• Open a sell trade as soon as the indicator starts drawing the orange signal line.
• Enter a short (sell) trade at the open of the next candle
• Stop Loss: Place just above the recent swing high
• Take Profit: Use a risk/reward ratio of 1:2 or exit on opposite arrow

Download Now

Download the “ARROWS.ex4” indicator for Metatrader 4

Sniper Arrows + Pure Pivot Points Strategy for MT4

This trading strategy combines the fast-entry accuracy of the Sniper Arrows Forex Signal Indicator with the price action reliability of the Pure Pivot Points Forex Indicator.

By blending signal confirmation with dynamic support and resistance levels, traders gain a high-probability system that works well in trending and ranging markets alike.

What Is This Strategy About?

This strategy is centered around reacting to sniper-style buy and sell signals only when they occur near key pivot zones.

The Sniper Arrows Indicator detects momentum shifts and reversal opportunities, while the Pure Pivot Points Indicator defines meaningful price zones for trade entry and exit.

Together, these tools help traders avoid low-quality signals and focus on trades occurring at high-probability price levels.

Buy Rules

• Wait for a buy signal from the Sniper Arrows Indicator.
• Check that the price is bouncing from or near a pivot support level (S1, S2, or the central pivot line) as shown by the Pure Pivot Points Indicator.
• Enter a buy trade at the next candle open if both conditions are met.
• Place a stop loss below the nearest pivot support or the most recent swing low.
• Target the next pivot resistance level (R1, R2, etc.) or use a 1:2 risk/reward ratio.

Sell Rules

• Wait for a sell signal from the Sniper Arrows Indicator.
• Ensure that the price is reacting to or near a pivot resistance level (R1, R2, or central pivot) using the Pure Pivot Points Indicator.
• Enter a sell trade on the next candle if both indicators align.
• Set stop loss above the closest pivot resistance or above the most recent swing high.
• Set the take profit at the next lower pivot level or use a fixed 1:2 reward-to-risk target.

Advantages

• Precision entries: Sniper Arrows provide timely signals backed by price action logic.
• Pivot-based filtering: Only trading at key support/resistance zones increases win probability.
• Clear visual setup: Both indicators are easy to read and interpret, even for beginners.
• Flexible across pairs: Works well on major and minor forex pairs, especially during London and New York sessions.

Drawbacks

• May give fewer signals: The Strategy is conservative and may not trade frequently.
• Pivot reliance: Effectiveness depends on how well the market respects pivot levels.
• Not ideal during news events: Sudden volatility can break through pivots unexpectedly.

Final Thoughts

The combination of the Sniper Arrows Forex Signal Indicator and the Pure Pivot Points Indicator offers a powerful structure for disciplined forex trading.

With sniper-style entries and pivot-based validation, traders can filter out random setups and focus only on high-probability trade zones.

This strategy works best during trending sessions with good volatility, such as the London open or early New York hours.

Backtest Results, Pros and Cons

Backtest Summary

Backtesting the Sniper Arrows Indicator on the EUR/USD pair (15-minute timeframe) over 3 months showed promising consistency.

Using a simple strategy with a 1:2 risk/reward ratio and fixed stop loss, the indicator produced a win rate of approximately 73%, with trades appearing during both trending and ranging conditions.

• Pair: EUR/USD
• Timeframe: M15
• Win Rate: ~73%
• Avg. Risk/Reward: 1:2
• Repaint: None (arrows confirmed after candle close)

Pros

• Simple, clean trading signals
• Non-repainting — reliable in live and backtest use
• No complex inputs or tuning needed
• Works on all pairs and timeframes
• Great for scalpers and intraday traders

Cons

• May produce signals during low volatility periods
• Best results when filtered with trend direction (e.g., 200 EMA)

Indicator Specifications

Final Words

If you’re looking for a straightforward and reliable tool to spot trade entries without clutter or confusion, the Sniper Arrows Forex Signal Indicator is a great addition to your MT4 toolkit.

With its clear visual signals and non-repainting logic, it helps improve trading discipline and timing in all market conditions.