The Time Box Forex indicator for Metatrader 4 enables traders to highlight the trading hours they want to see on the chart.
This can be done via the T1 and T2 indicator inputs.
The time box color can also be changed to whatever color you want.
Free Download
Download the “timebox-indicator.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The example chart below displays the Time Box mt4 indicator in action on the trading chart.
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: Time
Does the indicator repaint? No.
Time Box + Jevel Trend Bar MT4 Forex Trend Strategy
This strategy combines the Time Box MT4 Indicator with the Jevel Trend Bar MT4 Indicator to create a clear trend-following method.
The Time Box indicator allows traders to focus on specific trading hours when the market is most active, while the Jevel Trend Bar shows trend direction with green bars for bullish moves and orange bars for bearish moves.
This strategy works well on 15-minute and 30-minute charts and is suitable for traders who want to capture medium-term trend moves with defined entries and exits.
By combining time filtering with visual trend confirmation, you can avoid low-activity periods and trade only when momentum is strong.
Buy Entry Rules
- Ensure the current time is within your highlighted Time Box trading hours.
- Open a buy trade when a green Jevel Trend Bar appears, confirming an upward trend.
- Set a stop loss below the recent swing low or below the last orange bar.
- Set a take profit at 1.5 to 2 times the stop loss distance, or at the next key resistance level.
Sell Entry Rules
- Ensure the current time is within your highlighted Time Box trading hours.
- Open a sell trade when an orange Jevel Trend Bar appears, confirming a downward trend.
- Set a stop loss above the recent swing high or above the last green bar.
- Set a take profit at 1.5 to 2 times the stop loss distance, or at the next key support level.
Advantages
- Filters trades by active market hours, reducing false signals.
- Clear visual trend confirmation using the Jevel Trend Bar indicator.
- Works on multiple time frames and currency pairs.
- Simple and easy-to-follow entry and exit rules suitable for beginners and experienced traders.
Drawbacks
- May miss trend moves that start outside the chosen Time Box hours.
- Requires attention during live trading to avoid late entries or early exits.
Example Case Studies
Case Study 1: EUR/USD 15-Minute Chart
During London session hours highlighted by the Time Box indicator, a green Jevel Trend Bar appeared after a minor retracement.
A buy trade was entered with a stop loss 10 pips below the last swing low.
The trend continued, and the trade reached a take profit of 20 pips within 45 minutes.
Case Study 2: USD/CHF 30-Minute Chart
During New York session hours, an orange Jevel Trend Bar formed after a pullback in a downward trend.
A sell trade was opened with a stop loss 15 pips above the recent high.
The market continued to decline, hitting a 30-pip take profit.
This shows how the strategy helps capture trend momentum while avoiding low-activity periods.
Strategy Tips
- Focus on high-liquidity pairs like EUR/USD, GBP/USD, or USD/JPY for better trend reliability.
- Only trade during active market sessions as highlighted by the Time Box indicator.
- Use recent swing highs and lows to adjust stop loss levels for optimal risk management.
- Combine with higher time frame trend analysis to improve accuracy.
- Keep a trading journal to track performance and identify your best trading hours.
Download Now
Download the “timebox-indicator.mq4” indicator for Metatrader 4
