The Trade Assistant Metatrader 4 forex indicator is a buy and sell multi-timeframe indicator that is based on a mix of Stochastic, RSI, and CCI.
Trade Assistant displays buy and sell arrows based on the aforementioned technical indicators.
A strong buy signal occurs when all arrows are colored green; it means that the trend is positive for Stochastic, RSI, and CCI.
A strong sell signal occurs when all arrows are colored red, which means that the trend is negative for Stochastic, RSI, and CCI.
Tip: Smart forex traders confirm the buy/sell trend on the higher timeframe.
For instance, when trading off the 1-minute chart, check the trend on the 5-minute chart as well.
When the trend is both positive for the M5 and M1 timeframe (all indicators green), this indicates a strong buy signal on the M1 chart.
On the contrary, when the trend is both negative for the M5 and M1 timeframe (all indicators red), this indicates a strong sell signal on the M1 chart.
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Download the “trade-assistant.mq4” MT4 indicator
Indicator Chart (EUR/USD H1)
The EUR/USD 1-Hour chart below displays the Trade Assistant Metatrader 4 indicator in action.
Basic Trading Signals
Signals from the Trade Assistant MT4 indicator are easy to interpret and go as follows:
Buy Signal: Initiate buy order when ALL indicators (Stochastic, RSI, and CCI) display a green colored arrow. This represents a strong buy trend.
Sell Signal: Initiate sell order when ALL indicators (Stochastic, RSI, and CCI) display a red colored arrow. This represents a strong sell trend.
Trade Exit: Use your own method of trade exit.
Technical Trade Assistant + MACD Day Trading Strategy for MT4
This strategy combines the Trade Assistant MT4 Indicator with the MACD MT4 Indicator to create a reliable day trading approach.
Trade Assistant provides multi-timeframe buy and sell arrows based on Stochastic, RSI, and CCI indicators.
A strong buy signal occurs when all arrows are green, signaling bullish momentum across all indicators.
A strong sell signal occurs when all arrows are red, indicating bearish momentum.
The MACD is used to confirm the trend: bullish when above 0, bearish when below 0.
This combination helps traders capture high-probability intraday moves with clear entries and exits.
This strategy works on M5, M15, and H1 charts, making it suitable for both scalpers and intraday traders.
It can be applied to major Forex pairs such as EURUSD, GBPUSD, USDJPY, and AUDUSD.
Buy Entry Rules
- Trade Assistant shows all green arrows, indicating a strong buy signal.
- MACD is above 0, confirming bullish momentum.
- Enter a buy trade at the close of the confirming candle.
- Place a stop loss below the most recent swing low or support level.
- Take profit can be set at the next resistance level, or partial profit at the first resistance, and trail the remaining position with the MACD trend.
Sell Entry Rules
- Trade Assistant shows all red arrows, indicating a strong sell signal.
- MACD is below 0, confirming bearish momentum.
- Enter a sell trade at the close of the confirming candle.
- Place a stop loss above the most recent swing high or resistance level.
- Take profit can be set at the next support level, or partial profit at the first support, and trail the remaining position with the MACD trend.
Advantages
- Combines multi-timeframe confirmation from Trade Assistant with trend confirmation from MACD.
- Works across multiple timeframes for flexibility.
- Dynamic take profit allows capturing extended trends while securing partial gains.
Drawbacks
- Strong signals may be rare on some pairs, limiting trading opportunities.
- Trailing take profit requires monitoring the MACD trend.
- Stop loss placement may need adjustment depending on market volatility.
Example Case Studies
Case Study 1 – EURUSD (M15 chart)
During a European session, Trade Assistant showed all green arrows on the M15 chart while MACD was above 0.
A buy trade was entered at 1.1025 with a stop loss at 1.1005.
Partial profit was taken at 1.1070, and the remaining position was trailed using MACD until the MACD crossed below 0.
The trade captured a total of 65 pips.
Case Study 2 – GBPUSD (H1 chart)
On the GBPUSD H1 chart, Trade Assistant displayed all red arrows, and MACD was below 0.
A sell trade was entered at 1.2450 with a stop loss at 1.2480.
Partial profit was taken at 1.2390, and the remainder trailed with the MACD trend until exit at 1.2365.
The trade captured 85 pips in total.
Strategy Tips
- Always confirm the Trade Assistant’s strong signals with the MACD trend to reduce false entries.
- Focus on major pairs with good liquidity for more reliable intraday moves.
- Use partial profit and trailing with MACD to maximize gains while reducing risk.
- Skip trades when Trade Assistant arrows are mixed or weak signals appear.
- Limit risk to 1–2% of account balance per trade and avoid trading during major news events.
- Monitor the higher timeframe trend to ensure intraday trades align with the overall market direction.
Download Now
Download the “trade-assistant.mq4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Chart pattern indicator
Customization options: Variable (Stochastic settings, RSI settings, CCI), Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: signals
