Latest Forex Indicator

Indicators are used for identifying, or even creating patterns from the chaos of the currency market. In all cases, they receive the raw market data as the basic input, and manipulate it in differing ways to create (as opposed to discover) actionable trading scenarios. The natural consequence of this description is that indicators are not tools of prediction.  Instead, they are used to give order to the price data, so that it is possible to identify possible opportunities which can be exploited profitably by the trader. No indicator is right or wrong with respect to the signals that it emits, but each of them must be used with an appropriate money management strategy in order to deliver the desired results.

There are many different kinds of indicators, and it is not at all a hard task to define one's own tools for the purpose of evaluating the market provided that a basic literacy in averages is attained, what is desired from the created indicator is made clear. Different constructions will lead to differing techniques which can then be employed most effectively as part of a trading strategy.

So you can regard indicators as your compass and ruler in navigating waves of the forex market. We would use a compass or a ruler to predict when or where a storm will hit, but every sailor knows their usefulness in defining a path over the high seas. Use your indicators to plan your journeys in forex, while protecting your funds with proper money management techniques, and all will be well for you.

100% Free BOX breakout metatrader 4 Indicator:
This is very simple and powerful indicator: Free BOX breakout indicator (which is a complete trading system.. at the same time!) Install the indicator, go to the indicator INPUTS and change the box "hours"...to anything you like.

For example my screenshot below is a 4 hours breakout - London opening ( red quad )
Enter a trade as soon as the price breaks box's high or low. In our case SELL order placed...(see screenshot)



download Box breakout indicator (mq4 file) right click - SAVE AS...
Source: the indicator available for free on some open FX sources.

Trio Dancer: Trio Dancer is a very unique and sophisticated auto trade solution that we've designed to suit individual traders needs. Our software works on all time-frames, shorter time frames for high paced trading and longer time frames for less market noise and more reliability. Trio dancer has been formulated to trade market fluctuations, you are about to experience a very rare and unique style of trading.Our software offers a fresh stree-free way of trading Foreign Exchange Currencies. Trade any currency pair on any timeframe. Follow the easy step by step installation instructions to get started within minutes! For a (limited time only) we are offering you a free trial with no obligations.This offer is valid for a limited number of downloads only. (Download) 

MMR Indicator:
MMR - all in 1 - (MA, RSI and MACD) is really simple and powerful indicator.
 Those three indicator gives you a lot of useful information,
 when you connect all them in only one, things are really simple.
DOWNLOAD MMR Indicator (right click - SAVE AS..)
This system is very simple to follow - Use MMR as strategy.
Enter when red or green bar appears and Exit when main line crosses zero line.
Place your stop loss 2-3 pips below ( when buy) 2-3 pips above ( when sell) of the previous candle.
Example:
Buy 1,4000
Previous candle low 1,3990
SL should be 1,3990-2pips = 1,3988
An opposite rule for  sell orders.
Timeframes: M15 to 4H Pairs: All major pairs.

TREND IndicatorSF Trend Lines:

The Indicator draws a channel with explanation (informer in the left top corner of the chart)
Input variables:
Line Color= Dark Orange;
All Bars = 240;
Bars For Fract = 0;SUGGESTIONS FOR USE:
 

1. Easily determinate a current trend of any pair. ( Important: always trade follow a trend. Very useful tool
to be used with any buy/sell indicator or software)

2. Open a trade on a trend change ( trend line confirmed breakout )
 - trend line confirmed breakout: a whole candle must close above or below a trend line - strong signal for a trend change. 

Timeframe: ANY
Pairs: ANY

DOWNLOAD SF_TREND_LINES.EX4 (right click SAVE AS)

Let me know if you need any help!