MT4 FX Trader - complete trading solution

Published: 27.07.2022

Reading time: 16 minutes

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MT4 FX Trader is a trend trading system already traditionally based on the main Buy/Sell indicator, whose signals are supported by an additional filter indicator and Trading dashboard. Three trading templates for different trading styles and no repainting of signals. That's short, now more.

Characteristics of the GT Scalper Trading System

Platform: Metatrader4
Currency pairs: Any currency pairs, recommended Major
Trading Time: Any, recommended London and New York trading sessions
Time Frame: M1 - M15
Recommended broker: Roboforex, XM, FTMO

Trading Modes

FXTR1 - high risk

This mode is more suitable for scalping. It is associated with a large number of signals and with increased risk. Not recommended for beginners.

FXTR2 - medium risk

This mode is the most balanced, has an average number of signals with an average risk and will suit most traders.

FXTR3 - conservative

This mode is for calm measured trading. Not high risk, few signals. For traders who are not ready to stare at the screen all day.

System overview

System contains three indicators. Every template has its 'own' 3 indicators, so please use the system template, as it loads up all the necessary indicators depending on your trading mode:

Entry/Exit Indicator
Bias indicator
Trading dashboard

How does it work

Entry Examples

Entry signals are very simple and can be visualized as follows:

BUY TRADE / SELL TRADE

More examples:

Recommend to start with M15 TF to see how it works. Later you can switch to fastest M5 or M1.

Software provides easy signals. When we see the blue bias indicator, we take BUY signals only.

The same goes for sell signals, when we see the red bias indicator, we take SELL signals only.

Bias change

Sometimes when there is a sudden market change, or the price simply does not 'respect' our calculated bias, it can change during the day.

On the below example we can see that the day started 'red' while it turned into 'blue' later. Please don't worry, as bias indicator does not repaint or redraw. If it's calculations are 'wrong' for any particular day (as none of the indicators are always right), it will just change it's color, so you can still try to make pips this day.

See this video for more details:

Stop loss order should be placed in the technically best place:

The last swing high (for the SELL trade)
Last swing low (for the BUY trade)
At the round number
Close to important support/resistance area

Of course, a modern trading system is inconceivable without an advanced alert system, so MT4 FX Trader is completely in order with this. You can see the Alert, set up notifications for Email, mobile notification or platform pop-ups:

mt4-fx-trader-notify

Handful of advice

I recommend to use the system on M5 or M15 timeframe.
M15 is the best timeframe to start with, as it provides less signals and it's easier to control the risk
You can use our entry (arrow) indicator, but if you are looking for faster/slower or simply different signals, you can try with your own entry/exit favorite indicator
Do not overtrade, try to track 1-4 of your favorite trading instruments

In the archive MT4_FX_Trader.rar (998.8 KB):