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.
After you downloaded and installed the indicator on the MT4 trading platform, it should look like the image as shown below.
Key Points
- 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 Example 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 This Forex Indicator
Download the “Winner-Trend.ex4” MT4 indicator
Adjustable Parameters & Settings
Colors, style
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
More Info About This Indicator
Currency Pairs: works on any currency pair
Trading Platform: developed for Metatrader 4 (MT4)
Time Frames: any
Indicator Type: Forex trend signals
How to 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)
How to remove the indicator from the chart?
- Right click in the chart
- Select indicators list
- Click on the indicator’s name
- Click on the delete button