The Forex 4 Market Sessions indicator for Metatrader 4 displays the major market sessions on the chart and updates all info in real-time.
It displays the Pacific, Asia, America, and Europe sessions.
The indicator appears in a separate MT4 chart window.
Free Download
Download the “KoliEr_Market_Sessions_Indi.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The picture below shows the Forex 4 Market Sessions 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: Market sessions
Does the indicator repaint? No.
MT4 Day Trading Strategy: Forex 4 Market Sessions + Trend Power Indicator
This MT4 day trading strategy combines the Forex 4 Market Sessions Indicator and the Trend Power Forex Indicator.
It focuses on capturing intraday momentum during the most active global trading sessions.
The Market Sessions Indicator displays the four key sessions (Sydney, Tokyo, London, and New York) in a subwindow, helping traders identify the best times to trade.
The Trend Power Indicator then provides precise buy and sell signals using its colored line — blue for bullish signals and red for bearish ones.
When both tools are used together, traders can pinpoint high-probability entries during the busiest hours of the trading day.
Buy Entry Rules
- Wait until either the London or New York session is active on the Forex 4 Market Sessions indicator, as these are the most volatile and liquid periods.
- Confirm that the Trend Power line has turned blue, indicating a potential bullish move.
- Enter a buy trade once a blue signal appears during the active trading session.
- Set the stop loss just below the recent swing low or the nearest support level.
- Take profit between 20 and 40 pips, depending on the pair and volatility, or close the trade when the Trend Power line turns red.
Sell Entry Rules
- Trade only when the London or New York session is active, ensuring sufficient price movement.
- Confirm that the Trend Power line has turned red, signaling a potential bearish trend.
- Enter a sell trade as soon as the red signal forms within an active market session.
- Place the stop loss just above the recent swing high or a nearby resistance area.
- Take profit between 20 and 40 pips, or close the position once the line turns blue again.
Advantages
- Combines session timing and trend direction for more accurate trades.
- Prevents overtrading during quiet hours by focusing only on active sessions.
- Easy-to-read visual setup suitable for beginners and advanced traders alike.
- Adapts well across major currency pairs and short-term timeframes like M5, M15, and M30.
- Encourages disciplined entries and exits using clear color-based confirmations.
Drawbacks
- Signals can appear late during strong momentum phases, leading to reduced reward potential.
- False signals may occur in narrow or low-volatility periods within active sessions.
- Requires the trader to be active during specific times of day to catch optimal moves.
- Performance may vary depending on pair volatility and session overlap.
- Not ideal for swing traders who prefer longer timeframes and fewer trades.
Case Study 1: GBP/USD London Session
During the London open, the Forex 4 Market Sessions indicator highlighted the session start.
The Trend Power line turned blue at 1.2705, confirming a bullish setup.
A buy trade was taken at 1.2707 with a stop loss at 1.2690 and a take profit at 1.2740.
The pair surged upward during the session and reached the target for a 33-pip gain within two hours.
Case Study 2: USD/JPY New York Session
In the early New York session, the Trend Power line switched to red near 151.85, suggesting bearish momentum.
A sell trade was placed at the candle close with a stop loss at 152.00 and a take profit at 151.55.
The trade achieved a quick 30-pip profit as the pair dropped steadily throughout the session.
Strategy Tips
- Focus mainly on the London and New York sessions for the strongest volatility.
- Combine this setup with simple price action analysis, such as support and resistance breaks.
- Avoid trading during session overlaps with major economic news events to minimize risk.
- Use this method on high-volume pairs like GBP/USD, EUR/USD, and USD/JPY for smoother results.
- For consistent profits, stick to a fixed stop loss size and risk no more than 2% per trade.
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Download the “KoliEr_Market_Sessions_Indi.mq4” indicator for Metatrader 4
