The Super Half Trend indicator is a popular buy/sell signals indicator built for the Metatrader 4 (MT4) trading platform.
The indicator pops up in the main MT4 chart window as red and blue signal arrows.
The Super Half Trend indicator is beginner-friendly and works out of the box.
Buy & Sell Trade Example
- A buy signal occurs whenever the blue signal arrow pops up on the chart.
- A sell signal occurs whenever the red signal arrow pops up on the chart.
The Super Half Trend indicator can be used for both trade entry and exit, or as an additional confirmation filter for other strategies and systems.
For scalping and day trading, the indicator performs best during the London and New York trading sessions.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “half-trend.mq4” indicator for MT4
Indicator Example Chart (EUR/USD Daily)
The example chart below displays the Super Half Trend mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Super Half Trend 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.
Super Half Trend + Zero Lag MA MT4 Strategy
This MT4 strategy combines the Super Half Trend Forex Indicator with the Zero Lag Moving Average to provide precise entry and exit points.
The Super Half Trend indicator offers clear buy (blue arrow) and sell (red arrow) signals, while the Zero Lag MA confirms the trend direction, reducing lag and enhancing trade accuracy.
This strategy is effective on 15-minute to 1-hour charts and is ideal for day traders and swing traders.
Buy Entry Rules
- Wait for a blue arrow from the Super Half Trend indicator, signaling a potential buy.
- Ensure the price is above the Zero Lag Moving Average, confirming a bullish trend.
- Enter a buy trade at the close of the candle that confirms both conditions.
- Set the stop loss below the most recent swing low or a significant support level.
- Set the take profit at a 2:1 reward-to-risk ratio or use the Zero Lag MA crossover as an exit signal.
Sell Entry Rules
- Wait for a red arrow from the Super Half Trend indicator, signaling a potential sell.
- Ensure the price is below the Zero Lag Moving Average, confirming a bearish trend.
- Enter a sell trade at the close of the candle that confirms both conditions.
- Set the stop loss above the most recent swing high or a significant resistance level.
- Set the take profit at a 2:1 reward-to-risk ratio or use the Zero Lag MA crossover as an exit signal.
Advantages
- Clear and straightforward entry and exit signals.
- Reduced lag with the Zero Lag Moving Average, enhancing trade timing.
- Suitable for various currency pairs and timeframes.
- Combines trend-following and signal-based approaches for robust trading decisions.
- Easy to implement and monitor, making it accessible for traders of all levels.
Drawbacks
- It may produce false signals during sideways or choppy market conditions.
- Requires active monitoring to ensure timely entries and exits.
- Not suitable for scalping due to the nature of the indicators.
- Performance can vary across different currency pairs and timeframes.
- Risk of overtrading if signals are not filtered with additional analysis.
Case Study 1
On the EUR/USD 30-minute chart, a blue arrow from the Super Half Trend indicator appeared, indicating a potential buy.
The price was above the Zero Lag Moving Average, confirming a bullish trend.
A buy trade was executed at 1.1850, with a stop loss at 1.1820 and a take profit at 1.1900.
The trade reached the take profit level within four hours, yielding a 50-pip gain.
Case Study 2
On the GBP/JPY 15-minute chart, a red arrow from the Super Half Trend indicator signaled a potential sell.
The price was below the Zero Lag Moving Average, confirming a bearish trend.
A sell trade was entered at 150.30, with a stop loss at 150.60 and a take profit at 149.80.
The trade hit the take profit level within two hours, resulting in a 50-pip profit.
Strategy Tips
- Always wait for both the Super Half Trend signal and the Zero Lag MA confirmation before entering a trade.
- Use additional indicators or analysis methods to filter out false signals in sideways markets.
- Practice proper risk management by adjusting position sizes according to account balance and risk tolerance.
- Monitor economic news releases that may impact market volatility and affect trade outcomes.
- Regularly review and adjust the strategy based on performance and changing market conditions.
