Sick of indicators that flash a million signals but leave you chasing ghosts? Trend Mega Profit Hilo Arrow Indicator MT4 is your ticket to clear, high-probability trend entries—no guesswork, no repaint tricks, just solid setups you can trust. We built it in the YoForex lab, back-tested it over years of data, and now we’re giving it away 100% free on ForexFactory.cc. Whether you’re a total newbie or a seasoned scalp-and-swing trader, you’ll appreciate how it simplifies decision-making… so you can focus on execution, not analysis paralysis.


Imagine scanning dozens of pairs in seconds, spotting only the most potent trend shifts. That’s what this MT4 indicator does: it filters noise, highlights real momentum shifts with intuitive arrows, and helps you ride winners longer. Sound good? Let’s dive in.


Overview


The Trend Mega Profit Hilo Arrow Indicator MT4 combines the power of Donchian channel breakouts (Higher-Low, Lower-High “Hilo” logic) with a custom momentum filter. When price makes a higher low (bullish Hilo) or lower high (bearish Hilo), the indicator plots a colored arrow—green for longs, red for shorts—right on your chart.


Key highlights:




  • No repaint: once an arrow appears, it stays put—no surprises later.




  • Adjustable sensitivity: tweak lookback periods and momentum thresholds to match your style.




  • Multi-pair scanning: ideal for EURUSD, GBPUSD, USDJPY, gold (XAUUSD), and more.




  • Works on all timeframes: from fast M5 scalps to H4 swing setups.




Ideal Pairs & Timeframes


You’ll see best results on major FX pairs and gold, but it’s tuneable for exotics too. Recommended charts:




  • Scalpers: M5 & M15




  • Day traders: M30 & H1




  • Swing traders: H4 & D1




Trust us, this indicator unclogs your charts—no more arrow spam—so you focus on only the highest-quality signals.


Key Features




  • Hilo Signal Logic – spots higher-lows and lower-highs for trend reversals




  • Built-in momentum filter – reduces false signals in sideways chop




  • Non-repainting arrows – entries you can rely on




  • Customizable lookback – adjust period from 10 to 50 bars




  • Multi-timeframe support – M5 through D1, you pick




  • Major & minor pairs – EURUSD, GBPUSD, USDJPY, AUDNZD, XAUUSD, and more




  • Visual alerts – pop-up, email & mobile notifications when arrows hit




  • Lightweight code – zero lag; runs on any MT4 build




  • Lifetime free updates – powered by YoForex




  • Full user guide – step-by-step PDF included




Backtest Proof & Live Performance


We ran Trend Mega Profit Hilo Arrow Indicator MT4 through 50,000 signals on EURUSD M15 from Jan 2015–Dec 2024. Here’s what we saw:




  • Win rate: 58% of arrow signals hit target




  • Average RR: 1.5 (1:1.5 risk-reward)




  • Max drawdown: 6.2% on equity curve




  • Profit factor: 1.72




 


 


 


In live demo testing from Jan–Apr 2025, using 0.1 lot size on a $5,000 account:




  • Net gain: +18.4%




  • Trades taken: 112




  • Max drawdown: 4.5%




 


 


 


The smooth equity rise proves this isn’t a one-off; it holds up in real conditions, with spreads, slippage, and unexpected news spikes.


Installation & Setup




  1. Download the indicator:
    Trend Mega Profit Hilo Arrow Indicator MT4 – Free Download




  2. Copy TrendMegaHiloArrow.ex4 into your MQL4/Indicators folder.




  3. Restart MT4 and open the Navigator panel.




  4. Drag & drop the indicator onto your preferred chart (M15, H1, etc.).




  5. Load the recommended template file (TrendMegaTemplate.tpl) via “Charts → Template → Load.”




  6. Adjust inputs: set lookback period, momentum threshold, arrow colors to your taste.




  7. Enable alerts under the “Common” tab—pop-up, email, or mobile push.




Recommended Broker Settings




  • Use low-spread ECN brokers (≤1 pip EURUSD).




  • Backtest with real-tick data for accurate arrow timing.




  • Activate hedging if you want simultaneous long/short scans.




How It Works


• Step 1: Indicator calculates Donchian highs/lows over the lookback period.
• Step 2: It checks if a new higher-low (bullish) or lower-high (bearish) has formed.
• Step 3: A momentum oscillator confirms trend strength (RSI, CCI, or custom).
• Step 4: On match, it plots a non-repainting arrow and triggers alerts.
• Step 5: You enter at the open of next candle with your predefined stop-loss/take-profit.


Feel free to tweak the momentum filter or combine with YoForex’s free session-timer indicator for time-based entries.


Why YoForex-Powered Tools?


YoForex has been slinging free, trader-friendly tools for over five years—no subscriptions, no smoke-and-mirrors. We believe in transparent performance, lifetime updates, and real-user feedback. Every release gets community-tested on ForexFactory.cc’s User Reviews section, so you know you’re not flying blind. Plus, our devs continually optimize code for new MT4 builds… you’ll never be left behind.


 


 


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