The Super Trend Multi MTF Forex indicator for Metatrader 4 is a popular buy & sell technical tool that works well in trending markets.
The indicator appears in a bottom chart window as a green/orange colored signal line that provides trend direction.
Super Trend is a lightweight technical indicator and will not slow down your trading platform.
Key Points
- Provides buy & sell signals.
- Can be combined with other indicators.
- Standalone technical tool.
- Well worth adding to your indicator collection.
Super Trend MTF can work together with any existing trading strategy or system as an additional buy/sell signals indicator.
Free Download
Download the “super-trend-multi-mtf-indicator.ex4” MT4 indicator
Indicator Chart (EUR/USD H1)
The EUR/USD H1 chart below shows the Super Trend Multi MTF Forex indicator in action.
Basic Trading Signals
Signals from the Super Trend Multi MTF indicator for Metatrader 4 are easy to interpret and goes as follows:
BUY:
- Open a buy position when the super trend line turns back to green color.
- Set a stop loss below technical support.
- Exit the buy trade for a risk-to-reward of 1.7, or wait for an opposite sell trading signal.
SELL:
- Open a sell position when the super trend line returns to its original orange color.
- Set a stop loss above technical resistance.
- Exit the sell trade for a risk-to-reward of 1.7, or wait for an opposite buy trading signal.
Super Trend Multi‑MTF Forex Scalping Strategy for MT4
This scalping system is designed for traders looking to capture quick intraday movements in the forex market.
It combines the Super Trend Multi‑MTF Forex Indicator (MT4) with the Best Forex Scalping Indicator (MT4), which gives precise entry points with blue arrows for buy signals and red arrows for sell signals.
By combining these two indicators, this strategy filters out counter-trend trades and focuses only on high-probability setups.
The Super Trend Multi‑MTF acts as a trend filter, so you only trade in the direction of the trend, while the Best Forex Scalping Indicator pinpoints the exact moments to enter the market.
This makes it particularly useful for scalpers who want to maximize efficiency and reduce exposure to false moves.
This strategy is best applied on short timeframes such as M1, M5, and M15, allowing traders to take advantage of small but frequent price movements.
It works well on highly liquid pairs with tight spreads, such as EUR/USD, GBP/USD, USD/JPY, and USD/CHF.
One of the key advantages of this strategy is its simplicity.
With a clear trend filter and defined entry signals, traders do not need to guess market direction.
It also allows for tight stop losses and defined risk per trade, making it easier to manage an intraday scalping plan with consistent results.
Buy Entry Rules
- Super Trend line must be green (buy trend).
- The blue arrow appears on the Best Forex Scalping indicator.
- Enter a buy at the open of the next candle after the blue arrow.
- Stop loss: 8–20 pips below the recent swing low.
- Take profit: 1–1.5× risk or trail the stop; exit if Super Trend flips orange or a red arrow appears.
Sell Entry Rules
- Super Trend line must be orange (sell trend).
- The red arrow appears on the Best Forex Scalping indicator.
- Enter a sell at the open of the next candle after the red arrow.
- Stop loss: 8–20 pips above the recent swing high.
- Take profit: 1–1.5× risk or trail the stop; exit if Super Trend flips green or blue arrow appears.
Advantages
- Clear trend filter reduces counter-trend trades.
- Arrow signals give precise entries for scalping.
- Short-term focus allows multiple small profits per session.
- Tight stops help control risk effectively.
Drawbacks
- High frequency can make commissions and spreads significant.
- Profit potential is limited to small pips per trade.
- Scalping requires constant attention and quick decisions.
Case Study 1
On the USD/CHF M5 chart, at 10:15 GMT, the Super Trend Multi‑MTF indicator turned green, signaling a bullish trend.
Shortly after, the Best Forex Scalping indicator produced a blue arrow, confirming a buy entry.
We entered at 0.9250 with a stop loss placed at 0.9238, just below the recent swing low, giving a 12‑pip risk. The initial target was set at 0.9265, a 15‑pip gain.
The price moved steadily upward, respecting the trend line, and reached the target within 20 minutes.
The trade closed for +15 pips, demonstrating how combining the trend filter with precise arrow entries can capture a short-term, high-probability move.
Case Study 2
On the EUR/GBP M5 chart at 14:40 GMT, the Super Trend line turned orange, indicating a bearish trend.
Shortly after, a red arrow appeared on the Best Forex Scalping indicator, signaling a sell opportunity.
A short position was opened at 0.8600 with a stop loss at 0.8612, 12 pips above the recent swing high.
The take profit target was initially set at 0.8588 for a 12‑pip reward.
The price moved downward quickly, but halfway to the target, the Super Trend line flipped green, suggesting a possible trend reversal.
To protect profits, the trade was closed early at 0.8590, securing +10 pips.
Strategy Tips
- Focus on trading during high-volatility sessions, such as the London open and the New York overlap, to increase the likelihood of strong, quick moves.
- Always wait for the candle to close before entering a trade. This reduces the risk of false signals from early arrows or temporary trend fluctuations.
- Trade only major currency pairs with low spreads, such as EUR/USD, GBP/USD, USD/JPY, and USD/CHF, to ensure that scalping profits are not eaten up by transaction costs.
- Use a fixed risk per trade, ideally 0.5–1% of your account balance, to manage drawdowns and protect capital during consecutive losses.
- Consider trailing your stop once the trade moves in your favor by half your target distance. This helps lock in profits while allowing the trend to continue.
- Skip trades if the Super Trend line flips quickly after a signal or if the arrow appears too close to support/resistance zones. Waiting for clear setups improves your win rate.
- Do not chase trades or overtrade. Scalping requires discipline and focus; patience in waiting for ideal setups is more profitable than constant trading.
Combining the Super Trend Multi‑MTF and Best Forex Scalping Indicator creates a structured, disciplined approach for quick intraday scalping while controlling risk.
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Download the “super-trend-multi-mtf-indicator.ex4” MT4 indicator
Adjustable Parameters & Settings
Time frame, super trend period, super trend multiplier, interpolate, colors, width, style.
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
More Info About This Indicator
Supported currency pairs: Any
Trading Platform: Metatrader 4 (MT4)
Time Frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: Signal
