Skip to content

Trade Assistant Metatrader 4 Forex Indicator

    The Trade Assistant Metatrader 4 forex indicator is a buy and sell multi-timeframe indicator that is based on a mix of Stochastic, RSI and CCI.

    Trade Assistant displays buy and sell arrows based on the aforementioned technical indicators.

    A strong buy signal occurs when all arrows are colored green, it means that the trend is positive for Stochastic, RSI and CCI.

    A strong sell signal occurs when all arrows are colored red, it means that the trend is negative for Stochastic, RSI and CCI.

    Tip: Smart forex traders confirm the buy/sell trend on the higher timeframe.

    For instance, when trading off the 1-minute chart, check the trend on the 5-minute chart as well.

    When the trend is both positive for the M5 and M1 timeframe (all indicators green), this indicates a strong buy signal on the M1 chart.

    On the contrary, when the trend is both negative for the M5 and M1 timeframe (all indicators red), this indicates a strong sell signal on the M1 chart.

    Free Download

    Download the trade-assistant.mq4” MT4 indicator

    Example Chart

    The EUR/USD 1-Hour chart below displays the Trade Assistant Metatrader 4 indicator in action.

    Basic Trading Signals

    Signals from the Trade Assistant MT4 indicator are easy to interpret and goes as follows:

    Buy Signal: Initiate buy order when ALL indicators (Stochastic, RSI and CCI) display a green colored arrow. This represents a strong buy trend.

    Sell Signal: Initiate sell order when ALL indicators (Stochastic, RSI and CCI) display a red colored arrow. This represents a strong sell trend.

    Trade Exit : Use your own method of trade exit.

    Download

    Download the trade-assistant.mq4” Metatrader 4 indicator

    MT4 Indicator Characteristics

    Currency pairs: Any

    Platform: Metatrader 4

    Type: Chart pattern indicator

    Customization options: Variable (Stochastic settings, RSI settings, CCI) Colors, width & Style.

    Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

    Type: signals

    Installation

    Copy and paste the trade-assistant.mq4 into the MQL4 indicators folder of the Metatrader 4 trading platform.

    You can access this folder from the top menu as follows:

    File > Open Data Folder > MQL4 > Indicators (paste here)