The vForce Alerts Forex indicator for Metatrader 4 shows you exactly where to go long and short in the currency market.
In essence, it transforms current and past price data into a trading signals indicator.
The indicator paints all signals directly on the main chart window in the form of red and blue colored bars.
It can also be used as a buy/sell signals confirmation indicator that can work together with an existing trading strategy or system.
Buy & Sell Trade Example
- Open a new buy position when the blue colored bar gets displayed on the chart.
- Open a new sell position when the red colored bar gets displayed on the chart.
The indicator is very reliable, lightweight, and will not slow down your trading platform.
Free Download
Download the “vForceAlerts.mq4” indicator for MT4
Indicator Chart (EUR/USD M5)
The example chart below shows the vForce Alerts mt4 signals indicator in action.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method when trading with the vForce Alerts Forex indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
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: Signal alerts
Does the indicator repaint? No.
vForce Alerts + HalfTrend 1.02 MT4 Forex Scalping Strategy
This scalping strategy combines the vForce Alerts Indicator for MT4 with the HalfTrend 1.02 with Arrows Indicator for MT4 to create a clear intraday entry method.
It works on fast-paced timeframes such as M1 and M5 and is best used during active sessions on major currency pairs.
How This Strategy Works
One indicator paints bars – a blue bar signals a new buy, and a red bar signals a new sell.
The other provides trend-direction confirmation via arrows: a blue arrow confirms a buy trend, a magenta arrow confirms a sell trend.
Trades are only taken when both the bar and arrow align, reducing false entries and increasing the probability of success.
Buy Entry Rules
- Wait for a blue vForce bar indicating a new buy setup.
- Confirm that a blue HalfTrend arrow appears, confirming the uptrend.
- Enter a buy trade at the close of the candle that generated both signals.
- Set the stop-loss a few pips below the recent swing low (5–10 pips on M1, 8–15 pips on M5).
- Set a take-profit target of roughly 10–20 pips (M1) or 15–30 pips (M5), or exit when a red bar or magenta arrow appears.
Sell Entry Rules
- Wait for a red vForce bar indicating a new sell setup.
- Confirm that a magenta HalfTrend arrow appears, confirming the downtrend.
- Enter a sell trade at the close of the candle that generated both signals.
- Set the stop-loss above the recent swing high (5–10 pips on M1, 8–15 pips on M5).
- Take profit at roughly 10–20 pips (M1) or 15–30 pips (M5), or exit when a blue bar or blue arrow appears.
Advantages
- Combines clear entry signals with trend confirmation to reduce false trades.
- Suitable for very short timeframes, allowing multiple opportunities during active sessions.
- Visual cues are simple and easy to follow in real time.
- Helps avoid trading against the main trend.
Drawbacks
- High noise on M1 and M5 charts may lead to false signals, especially during ranging markets.
- Spread and slippage can reduce net profits.
Case Study 1 – EUR/USD M1 Chart
During a London session, a blue bar appeared with a blue arrow confirming the uptrend.
A buy trade was entered with a stop-loss 10 pips below the recent low.
Price reached the take-profit target of 13 pips within 10 minutes.
Case Study 2 – GBP/USD M5 Chart
In the New York session, a red bar appeared with a magenta arrow confirming the downtrend.
A sell trade was entered with a stop-loss 12 pips above the recent high.
The price dropped to the target for 28 pips, and the trade was exited when the trend signal reversed.
Strategy Tips
- Trade major, liquid pairs for tighter spreads and reliable signals.
- Adjust stop-loss distance according to pair volatility to avoid early exits.
- Use support and resistance levels to refine entries and exits.
- Skip trades if the signals are not fully aligned between the bar and arrow.
- Consider small trailing stops or early exits when momentum starts fading.
- Keep a trading log to analyze outcomes and improve strategy performance.
This strategy uses bar-based signals in conjunction with trend-confirming arrows to generate high-probability scalping setups.
By following strict risk management rules and actively monitoring the charts, traders can take advantage of multiple short-term intraday opportunities while minimizing potential losses.
