Snake Kelter V2.94 MT4 – Free Volatility Channel Tool

Sick of paying silly money for “premium” indicators that barely move the needle? Same. That’s why the Snake Kelter Indicator V2.94 for MT4 is now available 100% free on ForexFactory.cc, powered by the YoForex team. If you trade breakouts, pullbacks, or trend continuation, this tool slots right into your playbook without forcing you to change your entire workflow.

So what is it? Think of Snake Kelter as a modern, lightweight twist on volatility channels (inspired by Keltner-style envelopes) with “snake-like” adaptive smoothing to hug price when markets are quiet and loosen up when things get spicy. The core engine uses an EMA midline and ATR-based bands (configurable multipliers), then adds smart color zones and signal logic so you can quickly tell: are we trending, ranging, or squeezing for a potential expansion?

YoForex has put this indicator through its paces—multiple pairs, multiple sessions, visual backtests, and forward checks—so you don’t have to guess whether it’s just another repainting toy (spoiler: it doesn’t repaint after candle close). You’ll get clean channel structure, optional arrows/alerts, and EA-friendly buffers if you want to automate entries later. And coz it’s MT4-native, it’s light on CPU and super easy to drop onto any chart.

Download link: https://forexfactory.cc/snake-kelter-indicator-v2-94-mt4 (100% free)

Also explore our Indicator section, check the Newest uploads, and browse User reviews to see what traders are saying.

Key Features

• Adaptive ATR bands with configurable multipliers (tight for scalping, wider for swings)
• EMA midline with “snake” smoothing for cleaner, less laggy read
• Color-coded regime zones (trend, range, squeeze) at a glance
• Breakout + pullback signals (optional arrows) with push/email/terminal alerts
• Non-repaint logic after candle close (no repainting shenanigans)
• Works on all MT4 timeframes (M1 to MN1) and on FX, gold, indices, crypto CFDs
• EA-friendly buffers: use the indicator as a signal source for custom EAs later
• Sensible defaults + set files for popular pairs (EURUSD, GBPUSD, XAUUSD)
• Lightweight code — minimal CPU load, no lag during volatile news spikes
• Clean visual theme with adjustable colors, widths, and line styles
• “Squeeze detection” mode to flag potential volatility expansions
• Built-in risk hinting: optional stop/TP guide relative to channel width

Backtest Proof & Live Performance

Before releasing Snake Kelter Indicator V2.94, our YoForex crew ran visual backtests and forward checks on popular pairs across multiple regimes. A representative sample:

Pairs tested: EURUSD, GBPUSD, USDJPY, XAUUSD

Timeframes: M15, H1, H4

Period: Jan 2022 – Aug 2025 (with spot checks on 2019–2021 for robustness)

General idea: Trade pullbacks to the EMA midline in the direction of the channel slope, confirm with a momentum filter (optional), and target 1–2× the channel width; avoid counter-trend trades during news spikes.

What we observed (without overfitting any one pair): channel slope + midline pullback gave a steady, rules-based structure that reduced FOMO entries and filtered choppy periods. Risk scaled naturally with the band width—wider bands implied more volatile conditions, so we kept position sizing modest there. We further forward-checked on a small live account over several weeks; the indicator behaved consistently with backtest behavior: clean pullbacks during trends, fewer whipsaws when the squeeze filter was on, and alerting that actually helped—not nagged.

Installation & Setup (MT4)

Step 1 — Download
Grab the indicator from ForexFactory.cc:
👉 https://forexfactory.cc/snake-kelter-indicator-v2-94-mt4

Step 2 — Copy files

Open MT4 → File → Open Data Folder.

Go to MQL4 → Indicators.

Copy SnakeKelter_v2.94.ex4 (or .mq4 if provided) into Indicators.

If set files are included, place them in MQL4 → Presets.

Step 3 — Restart MT4
Close and reopen MT4 so it loads the new files.

Step 4 — Attach to chart

Open the pair/timeframe you trade (e.g., EURUSD H1).

From the Navigator panel → Indicators → drag Snake Kelter v2.94 onto the chart.

Load the recommended preset (if you like) via the Inputs tab → Load.

Step 5 — Tweak inputs

ATR Period / Multiplier: control band width.

EMA Period: midline speed (short = responsive, long = smoother).

Squeeze Mode: enable to highlight low-volatility phases.

Alerts: toggle push/email/popups as needed.

How We Trade It (Quick Playbook)

Trend filter: Only long if channel slope is up and price holds above midline; only short if slope is down and price stays below midline.

Entry: Pullback to midline or inner band + candle confirmation (pin/engulfing) or momentum pop.

Stop: Just outside opposite band or 1.2–1.5× ATR.

Target: 1–2× channel width; trail behind midline if trend is strong.

Avoid: Counter-trend during strong news; when squeeze breaks, wait one retest.

Why Choose YoForex-Powered Tools?

Because we build, trade, and iterate—then publish free for the community. YoForex backs this release with:

Free lifetime updates for Snake Kelter Indicator V2.94

Ongoing optimizations and sample templates from our in-house trading desk

Transparent notes on what works, what doesn’t, and how we use it day-to-day

Curious about the team and our approach? Peek at the About section on ForexFactory.cc and the latest uploads in the Newest feed.

Support & Disclaimer

Got issues or need a hand with settings?

WhatsApp: https://wa.me/+443300272265

Telegram: https://t.me/yoforexrobot

We’re active there, answering setup questions, sharing presets, and gathering feedback for the next update.

Disclaimer: Trading involves risk. Past performance does not guarantee future results. Always demo-test first, size positions responsibly, and never trade money you can’t afford to lose. This indicator is a tool—not a promise—so your execution, risk control, and market conditions will drive outcomes.

Call to Action

Ready to level up your charts without paying a penny? Download your free copy now—no strings attached. The Snake Kelter Indicator V2.94 for MT4 is live on ForexFactory.cc, fully supported by YoForex, with ongoing tweaks and presets to keep you sharp. If you get stuck, ping us on WhatsApp or join the Telegram—support’s unlimited and genuinely free.

Download: https://forexfactory.cc/snake-kelter-indicator-v2-94-mt4

YoForex—empowering traders worldwide, one free tool at a time.