The TG Money Management MT4 indicator is a real money management indicator for forex traders.
The indicator automatically calculates the maximum stop loss based on the ATR technical indicator.
From the indicator’s inputs menu, ATR can be switched to start using a fixed stop loss.
In this case, the indicator will show you the maximum position size you can use based on the risk you want to take per trade.
All values and parameters can be changed from the indicator’s inputs menu.
Highly recommended, never use more than 2% risk per trade and a maximum of 6% on all open trades!
Free Download
Download the “TG-Money-Managment-Indicator.mq4” MT4 indicator
Indicator Chart (EUR/USD M30)
The EUR/USD M30 chart below displays the TG Money Management Metatrader 4 forex indicator in action.
Basic Trading Signals
The TG Money Management forex indicator doesn’t generate any forex signals.
Use it for money/risk management.
MT4 Bulls Power and TG Money Management Scalping Strategy
This MT4 scalping strategy combines the TG Money Management MT4 Indicator with the Bulls Power Oscillator MT4 Indicator.
The Bulls Power Oscillator shows a grey histogram above zero for a bullish signal and below zero for a bearish signal.
The TG Money Management indicator calculates the maximum position size automatically based on the ATR or a fixed stop loss, helping you manage risk efficiently.
This strategy works best for scalping on M1, M5, or M15 charts.
By combining trend momentum with precise position sizing, traders can enter short-term trades with clear risk limits.
The visual histogram makes it easy to identify buy and sell signals, while the money management indicator ensures the position size matches your risk tolerance.
Buy Entry Rules
- The Bulls Power Oscillator histogram must be above zero to confirm bullish momentum.
- Use the TG Money Management indicator to determine your maximum position size based on ATR or a fixed stop loss.
- Enter long at the close of the candle when the histogram first moves above zero after a pullback.
- Place the stop loss according to the value suggested by the TG Money Management indicator.
- Close the trade when the Bulls Power histogram flips below zero, signalling potential trend reversal.
Sell Entry Rules
- The Bulls Power Oscillator histogram must be below zero to confirm bearish momentum.
- Use the TG Money Management indicator to determine the appropriate position size.
- Enter short at the close of the candle when the histogram first moves below zero after a retracement.
- Place the stop loss as recommended by the TG Money Management indicator.
- Close the trade when the Bulls Power histogram flips above zero, signalling a possible trend reversal.
Advantages
- Combines trend momentum with strict risk management for safer scalping.
- Bulls Power histogram provides clear buy and sell signals.
- Automatic position sizing reduces the chance of over-leveraging.
- Works well during active market sessions with strong price movements.
- Suitable for both beginners and experienced scalpers.
Drawbacks
- Trades may be stopped out quickly during sudden spikes if the ATR is high.
- Strategy depends on the correct configuration of the TG Money Management indicator.
Case Study 1
On EURUSD M5 during the London session, the Bulls Power histogram turned above zero, confirming a bullish trend.
The TG Money Management indicator calculated a safe position size based on a 12-pip ATR.
A long trade was entered, and the price moved upward steadily, reaching a 22-pip take profit.
Using the indicator to manage risk allowed the trade to follow the trend safely without risking too much capital.
Case Study 2
GBPJPY M15 showed a bearish setup during the New York session.
The histogram turned below zero, and the TG Money Management indicator suggested a position size with a 15-pip stop loss.
A short trade was taken, and the price moved down quickly, reaching a 28-pip profit.
The combination of trend confirmation and automatic position sizing provided a controlled and efficient trade.
Strategy Tips
- Focus on trading sessions with strong volatility to improve signal reliability.
- Always use the position size suggested by the TG Money Management indicator to protect your account.
- Check higher time frames to confirm the general trend before entering trades.
- Wait for a clear histogram movement above or below zero rather than entering immediately on small fluctuations.
Download Now
Download the “TG-Money-Managment-Indicator.mq4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart window indicator
Customisation options: Variable (risk fraction, account’s money to risk, method to calculate stop loss, ATR length if ATR stop loss, ATR multiplier if ATR stop loss, size in point if fixed stop loss)Width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, Daily, Weekly, Monthly
Type: money management
