The symbol changer is an interesting MT4 tool if you want to change the desired pair and time frame quickly, directly from the open chart.
It’s really an amazing tool if you want to scroll through different pairs or any MT4-supported symbol quickly.
Just install the indicator in Metatrader 4 and attach it to a chart.
You can add and remove pairs directly from the indicator’s inputs tab.
All you need to do is click with your left mouse button on the desired currency pair, and the chart will load directly.
You can change the time frame as well.
Feel free to experiment with the different indicator’s inputs settings to suit your needs and preferences.
Free Download
Download the “!!!-MT4 X-LIST.ex4” MT4 indicator
Indicator Chart (EUR/NZD H1)
The EUR/NZD 1-Hour chart below displays the Symbol Changer Metatrader 4 forex indicator in action.
Symbol Changer + Smoothed HMA MT4 Forex Strategy
This MT4 strategy uses the Symbol Changer together with the Smoothed Hull Moving Average (HMA).
The Symbol Changer lets you switch pairs and timeframes quickly from the chart itself, which is perfect for day traders who monitor multiple markets.
The Smoothed HMA gives green histogram bars for bullish momentum and orange bars for bearish momentum.
Using both together lets you scalp efficiently while staying aligned with smooth trend signals.
Buy Entry Rules
- Use the Symbol Changer to navigate to a pair and timeframe with good volatility.
- Confirm that the Smoothed HMA histogram shows a green bar, signaling bullish trend strength.
- Enter a long position when the first green bar appears.
- Place your stop loss just under a recent swing low (for example, 10–20 pips on M5, 20–35 pips on M15).
- Set a take profit target of 15–30 pips on M5 or 30–60 pips on M15, or exit when the HMA flips to orange.
Sell Entry Rules
- Navigate to your selected pair/time frame using the Symbol Changer.
- Wait for the Smoothed HMA histogram to print an orange bar, indicating bearish strength.
- Open a sell trade as soon as that orange bar forms.
- Place a stop loss just above a recent swing high (10–20 pips on M5, 20–35 pips on M15).
- Take profit between 15–30 pips on M5, or 30–60 pips on M15, or close when the HMA turns green again.
Advantages
- Rapid pair and timeframe switching thanks to the Symbol Changer.
- Smooth trend signals from the HMA minimize noise while capturing meaningful moves.
- Good flexibility for both scalping (M5) and slightly longer day trades (M15).
- Simple entry and exit logic based solely on HMA bar colors.
- Less whipsaw risk compared to faster-moving indicators.
Drawbacks
- HMA histogram lags slightly compared to price‑action alone.
- Orange/green flips may come late in very fast-moving markets.
- Stop losses may be hit if the price wicks sharply before moving in your direction.
Example Case Study 1
Imagine trading EURUSD on the M5 chart. You use the Symbol Changer to load GBPUSD M5 quickly.
The Smoothed HMA histogram turns green after a small dip, signaling a possible bullish turn.
You open a buy trade at 1.3050. You place a stop loss at 1.3038 (12 pips) under the recent low.
You aim for a take‑profit of 25 pips at 1.3075.
Over the next few candles, price rises smoothly, and the trade closes around 1.3074 for +24 pips just before the HMA begins to fade.
Example Case Study 2
On EURJPY M15, you switch using the Symbol Changer. The HMA histogram turns orange after a strong rally, indicating bearish strength.
You open a sell trade at 146.20. You set a stop loss at 146.45 (25 pips) above a swing high, and target 145.80 (40 pips) for your take profit.
The pair drifts downward over a few 15-minute bars, and the trade closes at 145.81, giving you +39 pips.
Strategy Tips
- Use the Symbol Changer to scan multiple pairs fast and pick the most active ones.
- Avoid entering just after big economic news; wait for clear HMA bar colour confirmation.
- Consider using a small trailing stop once the price is 50–70% into your target to lock in profit.
- If the HMA histogram flips color before reaching the full target, consider exiting early.
- Test this strategy on a demo account to find the best stop-loss and take-profit settings for your broker.
Download Now
Download the “!!!-MT4 X-LIST.ex4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart window indicator
Customization options: Variable (symbols, corner, shift, transparent) Width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, Daily, Weekly, Monthly
Type: symbol changer
