The Winner Trend Forex Bars for Metatrader 4 transforms price data into a precise non-repaint buy & sell histogram trend indicator.
The indicator gets displayed in a bottom window in the form of red and green colored histogram bars.
This indicator works best for scalpers and day traders and less for swing traders.
Key Features
- Works well for short-term trading
- Does not repaint the histogram bars
- Multiple trade opportunities throughout the day
- Well worth adding to your indicator collection
This indicator can work together with any existing trading strategy or system as a shorter-term trend confirmation tool.
Free Download
Download the “Winner-Trend.ex4” MT4 indicator
Indicator Chart
The GBP/USD 5-minute chart below shows the Winner Trend Forex Bars indicator in action.
Basic Trading Signals
BUY:
- Open a buy trade when the first green histogram bar appears on the bottom chart.
- Set stop loss 3 pips below short-term support.
- Exit the buy trade for a predetermined profit target or wait for a sell signal.
SELL:
- Open a sell trade when the first red histogram bar appears on the bottom chart.
- Set stop loss 3 pips above short-term resistance.
- Exit the sell trade for a predetermined profit target or wait for a buy signal.
Download Now
Download the “Winner-Trend.ex4” MT4 indicator
Trading Strategy: Winner Trend Bars + BoS & CHoCH Indicator
This strategy merges the visual clarity of the Winner Trend Forex Bars Indicator with the breakout confirmations from the BoS & CHoCH Market Structure Indicator.
It’s built to catch new trends early while avoiding false signals.
Recommended Timeframes
- M15, M30, or H1 for short- to medium-term trades
Indicators Used
Buy Trade Setup
- Wait for a confirmed CHoCH or BoS to the upside from the Market Structure Indicator.
- After the break, ensure that the Winner Trend Bars turn blue or green, indicating bullish pressure.
- Enter a buy trade at the close of the confirmation candle following the color change.
- Place your stop loss just below the recent BoS/CHoCH zone or structure low.
- Target a 1:2 or 1:3 risk-to-reward ratio, or exit at the next resistance zone.
Sell Trade Setup
- Wait for a confirmed CHoCH or BoS to the downside from the Market Structure Indicator.
- After the break, ensure that the Winner Trend Bars turn red or orange, indicating bearish momentum.
- Enter a sell trade at the close of the confirmation candle following the bar color shift.
- Place your stop loss just above the recent BoS/CHoCH zone or structure high.
- Target a 1:2 or 1:3 risk-to-reward ratio, or exit at the next support zone.
Strategy Notes
- Only take trades in the direction of the most recent BoS or CHoCH.
- Avoid trading during consolidation when the market is flat or unclear.
- This strategy works well on trending pairs like GBPJPY, XAUUSD, and NAS100.
Strategy Conclusion
Combining structural breaks with dynamic trend bar color changes helps traders stay on the right side of the market.
This setup reduces noise and offers high-probability entries with clear visual cues.
Adjustable Indicator Parameters & Settings
Colors, style
Feel free to explore the indicator’s different parameters and settings to create your personalized indicator setup.
More Info About This Tool
Currency Pairs: works on any currency pair
Trading Platform: developed for Metatrader 4 (MT4)
Time Frames: any
Indicator Type: Forex trend signals
How do you install the Winner Trend Forex Bars indicator in Metatrader 4?
- Copy and paste the Winner-Trend.ex4 indicator into the MQL4 indicators folder.
- You can access this folder from the top menu as follows:
- File > Open Data Folder > MQL4 > Indicators (paste here)
