FREE MT4 custom indicator that works


Just wanted to share the attached MT4 custom indicator ex4 file as a zip file to everyone, it’s a free download that is usually used with the a multi currency strength meter but it can be used on its own.

I’ve found that it trades very well, it only uses two SMAs which can be changed along with the colours and screen/email alerts. It even comes with a MT4 template file. Also shown is a screenshot of the FX Multi Currency Strength Meter it’s usually used with to let you know if the pair has enough strength, pips and the direction to make the trade profitable.

Enjoy! (15.4 KB):cool:

Thanks D4ved,

What multi currency indicator do you use?


Hi Andy, its the one that you can download as a zip file in my last post called FXMCSM_CI or just do a google search.


Thanks, I have downloaded it and will give it a shot on one of my demo accounts.

Thanks for the post, I’ll give it a try and post a comment.
Maybe I’m asking a lot but it will be interesting if you can share results on myfxbook or other services.

What’s more important for me…
What Stop Loss and Take Profit values should I use?
If it’s really profitable, I’ll write a robot on it and
post it here so that everyone could profit from, but
I’m not really sure that it’ll work in every market
condition and behavior.