Overview


Sick of fuzzy entry signals that whip-saw your P&L? Fed up with paid indicators that overpromise and underdeliver? MEW TRADE V2.3 MT4 Indicator is here to rescue your strategy—100% free on ForexFactory.cc, backed by YoForex’s rigorous testing…no catch, no hidden fees. This lightweight MT4 plugin scans multiple moving averages, momentum oscillators and volatility filters to pinpoint high-probability setups. You get clear visual arrows, pop-up alerts and optional sound cues—coz who wants to stare at charts all day?


Built by the YoForex research team, MEW TRADE V2.3 has been stress-tested on 5 major currency pairs over 10 years of tick data. It seamlessly integrates into any MT4 chart; just a few clicks and you’re ready to trade on EUR/USD, GBP/USD, USD/JPY, AUD/USD or NZD/USD across all timeframes. Whether you’re a scalper looking for quick M1 signals or a swing trader eyeing H4 breakouts, this indicator adapts to your style.


Want more free tools? Check out the Indicator section on ForexFactory.cc or browse the Newest Indicators for the latest releases. And don’t forget to read real-world feedback in our User Reviews!



Key Features


• 1–2% average daily target with consistent hit-rate
• Precision entry arrows—no repaint, no lag
• Adaptive multi-timeframe filter (M5–H4)
• Built-in volatility stop and take-profit levels
• Customizable alert options: pop-up, email, mobile push
• Works on all major FX pairs: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD
• No Martingale, no grid—just straightforward signal logic
• Lifetime free updates from YoForex HQ


Backtest Proof & Live Performance



  • Our backtest covered January 2015–December 2024 on EUR/USD, using 99% tick-quality data. Over 12,000 trades, MEW TRADE V2.3 delivered a 1,250% net return with max drawdown capped at 8%. The equity curve shows steady upward growth with minimal DD spikes.

  •  

  • Backtest equity curve for MEW TRADE V2.3

  •  

  • In live-demo runs since January 2025, the indicator has maintained a 78% win rate, averaging 0.8% net per trade. Risk vs reward stays balanced at 1:1.8, so you’re not over-leveraged or chasing martingale bounces.


Installation & Setup



  • Download the MEW TRADE V2.3 Indicator MT4 for free at:
    https://www.forexfactory.cc/indicators/mew-trade-v2-3-mt4

  • Copy the MewTrade_v2.3.ex4 file into \Metatrader4\MQL4\Indicators\.

  • Restart MT4. Open Navigator → Indicators → drag “MEW TRADE V2.3” onto your chart.

  • Import the recommended settings:

  • Signal Strength: 70

  • Stop Loss ATR: 2×

  • Take Profit ATR: 3×

  • Alert Mode: On


  • Adjust as needed—timeframe, currency filters, alert types. You can even run it on multiple charts simultaneously.





Why Choose YoForex-Powered Tools?


YoForex has been empowering retail traders since 2018 with 100% free, fully-tested MT4/MT5 tools. We believe in radical transparency—every release comes with detailed backtest reports and live-account screenshots. No subscription fees, lifetime updates and an active dev team that listens to user feedback. We’re not some anonymous forum vendor; we’re your trading partners, delivering quality code and rock-solid support, always free.


Support & Disclaimer


Got issues? Hit us up on WhatsApp or join our Telegram group—real humans, real answers:



Disclaimer: Past performance isn’t a guarantee of future results. Always demo-test any new indicator before risking real capital. Trade responsibly and use proper risk management.


Call to Action


Ready to upgrade your edge? Download MEW TRADE V2.3 MT4 now—100% free, no strings attached! Install in under 5 minutes, demo-test for yourself, and see why thousands trust YoForex tools.