The Solar Wind Forex indicator for Metatrader 4 can be categorized as an oscillator that delivers short-term trend direction.
The indicator works out of the box for scalping and day trading purposes alike.
The indicator pops up in a separate MT4 chart window as a colored oscillator without extreme boundaries.
Buy & Sell Trade Example
- Open a buy order when the Solar Wind indicator turns back to green color (bullish trend bias).
- Open a sell order when the Solar Wind indicator turns back to red color (bearish trend bias).
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “Solar wind.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The example chart below displays the Solar Wind mt4 indicator in action on the trading chart.
Trading Tips:
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: Oscillator
Does the indicator repaint? No.
Solar Wind Indicator + Ichimoku Trend Monitor Forex Scalping Strategy
This scalping strategy combines the Solar Wind Forex Indicator MT4 with the Ichimoku Trend Monitor with Alert MT4.
The Solar Wind indicator provides quick entry signals based on color changes: green for bullish trend bias and red for bearish trend bias.
The Ichimoku Trend Monitor confirms trends across multiple time frames using a dashboard of arrows: blue arrows indicate bullish trends, and red arrows indicate bearish trends.
This combination helps scalpers enter trades aligned with both momentum and multi-timeframe trend confirmation.
This strategy is designed for M1 and M5 charts, making it ideal for fast scalping sessions.
It is best used during active market hours, such as London and New York, when currency pairs like EURUSD, GBPUSD, and USDJPY show strong intraday moves.
Buy Entry Rules
- Check that all chosen time frame arrows on the Ichimoku Trend Monitor are blue, confirming bullish momentum.
- Wait for the Solar Wind indicator to turn green.
- Enter a buy trade at the close of the candle when the Solar Wind indicator turns green.
- Place a stop loss a few pips below the recent swing low or support level.
- Take profit targets between 7–15 pips, suitable for M1 and M5 scalping.
Sell Entry Rules
- Check that all chosen time frame arrows on the Ichimoku Trend Monitor are red, confirming bearish momentum.
- Wait for the Solar Wind indicator to turn red.
- Enter a sell trade at the close of the candle when the Solar Wind indicator turns red.
- Place a stop loss a few pips above the recent swing high or resistance level.
- Take profit targets between 7–15 pips, optimized for short-term scalps.
Advantages
- Combines real-time trend bias with multi-timeframe confirmation for high-probability trades.
- Works effectively on M1 and M5 charts for rapid scalping.
- Suitable for major currency pairs with tight spreads.
- Helps traders stay aligned with momentum while avoiding counter-trend entries.
Drawbacks
- Requires constant attention due to short-term nature of M1 and M5 trades.
- Spread and slippage can reduce small profits on quick scalps.
Case Study 1: EURUSD M1 – London Session
During the London session, EURUSD displayed blue arrows across all chosen time frames on the Ichimoku Trend Monitor.
The Solar Wind indicator turned green at 1.0992.
A buy trade was entered with a 5-pip stop loss.
Within 6 minutes, price reached 1.1005, yielding a 13-pip profit.
The combination of trend confirmation and real-time signal produced a reliable M1 scalp.
Case Study 2: GBPUSD M5 – New York Session
GBPUSD on the M5 chart showed red arrows on all Ichimoku Trend Monitor time frames, indicating bearish momentum.
The Solar Wind indicator turned red at 1.2778.
A sell trade was executed with a 6-pip stop loss.
Price moved down to 1.2765 within 15 minutes, capturing a 13-pip profit.
Strategy Tips
- Focus on high-liquidity sessions for more reliable and stronger price movements.
- Trade only when both the Solar Wind and Ichimoku Trend Monitor agree on the trend direction.
- Keep stop losses tight and take profits small to maintain consistent scalping gains.
- Use multiple currency pairs to diversify opportunities during active sessions.
- Combine with support and resistance levels on M1 and M5 charts to improve entry accuracy.
- Avoid trading during low volatility periods or market consolidations.
- Maintain disciplined risk management, risking only 1–2% per trade.
Using the Solar Wind MT4 indicator together with the Ichimoku Trend Monitor MT4 allows scalpers to capture quick, high-probability trades while following the prevailing trend.
This strategy is effective for consistent intraday gains on fast-moving pairs.
