The Trend Trigger Forex Signal indicator for Metatrader 4 is a crossover system that has a good winning rate in trending markets.
The indicator works very well for scalping currency pairs during the London and New York trading sessions.
Buy & Sell Trade Example
- Open a buy trade when the two green colored lines appear on the chart.
- Open a sell trade when the two red colored lines appear on the chart.
- Reverse the open position whenever an opposite signal appears on the chart.
The indicator can be used as a standalone trading tool for both trade entry and exit.
The indicator works equally well on all currency pairs (majors, minors, and exotic) and shows promising results if used correctly.
Free Download
Download the “NT_Trigger_Lines_Big_Recoded.mq4” indicator for MT4
Indicator Chart (EUR/USD M30)
The picture below shows the Trend Trigger Forex Signal mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Trend Trigger Forex Signal indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
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: Trend-following
Does the indicator repaint? No.
Trend Trigger & Pips Hunter Forex Scalping Strategy for MT4
This MT4 scalping strategy combines the Trend Trigger Forex Signal Indicator and the Pips Hunter Indicator to catch quick intraday moves.
The Trend Trigger indicator provides trend direction through two colored lines (green for buy, red for sell), while the Pips Hunter confirms precise entry points with light-blue and light-red arrows.
This strategy is designed for short-term scalps of 5–10 pips on M1 or M5 charts, ideal for highly liquid pairs like EUR/USD, GBP/USD, and USD/JPY.
The strategy works by entering trades only when both indicators align: the trend must be confirmed by the Trend Trigger lines, and the Pips Hunter arrow signals the exact entry moment.
This combination reduces false entries and increases the probability of quick, profitable scalps.
Buy Entry Rules
- Confirm that both Trend Trigger lines are green, indicating a bullish trend.
- Wait for a light-blue arrow from the Pips Hunter Indicator.
- Enter a buy trade immediately once the arrow appears while the trend lines remain green.
- Place a stop loss 3–5 pips below the recent swing low or below the Pips Hunter entry candle.
- Take profit at 5–10 pips or exit when the Pips Hunter arrow flips red or Trend Trigger lines turn red.
Sell Entry Rules
- Confirm that both Trend Trigger lines are red, signaling a bearish trend.
- Wait for a light-red arrow from the Pips Hunter Indicator.
- Enter a sell trade as soon as the arrow appears while the trend lines remain red.
- Place a stop loss 3–5 pips above the recent swing high or above the Pips Hunter entry candle.
- Take profit at 5–10 pips or exit when the Pips Hunter arrow flips blue or Trend Trigger lines turn green.
Advantages
- Combines trend direction with precise entry timing for higher probability scalps.
- Clear visual signals make it easy to execute trades quickly.
- Non-repainting indicators provide reliability in live trading.
- Targets small, achievable pips, allowing multiple scalps per session.
- Works best on highly liquid pairs and fast time frames.
Drawbacks
- Small pip targets can be affected by spreads and slippage.
- Requires constant monitoring and fast execution.
- High frequency of trades may increase transaction costs.
Case Study 1 – EUR/USD M1 Chart
During the London session, both Trend Trigger lines turned green at 1.0750.
Shortly after, a light-blue arrow appeared on the Pips Hunter Indicator.
A buy trade was entered at 1.0752, with a stop loss at 1.0749 and a take profit of 5 pips at 1.0757.
The target was reached within 3 minutes, capturing a quick and efficient scalp.
The alignment of trend and entry arrow ensured a high-probability trade.
Case Study 2 – GBP/USD M5 Chart
In the New York session, both Trend Trigger lines turned red at 1.3725.
The Pips Hunter displayed a light-red arrow shortly after.
A sell trade was entered at 1.3723 with a stop loss at 1.3728 and a take profit of 10 pips at 1.3713.
The market moved steadily downward, hitting the target within 15 minutes.
The strategy allowed a precise short-term scalp with minimal risk.
Strategy Tips
- Trade only during active sessions with high liquidity to reduce slippage.
- Use this strategy on major pairs like EUR/USD, GBP/USD, and USD/JPY for tighter spreads.
- Focus on M1 or M5 charts to maximize the number of scalping opportunities.
- Always wait for both indicators to confirm before entering to reduce false signals.
- Stick to small targets of 5–10 pips and exit immediately when conditions change.
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Download the “NT_Trigger_Lines_Big_Recoded.mq4” indicator for Metatrader 4
