Top 5 MT4 Forex Trading Strategies you should try

Almost every Forex Broker offers MT4 and MT5 as their main trading platform. Although MT4 and MT5 are similar, trading strategies working well on MT5 will not work on MT4. Last week we shared our top 5 MT5 indicators, this week I'd like to talk about my top 5 MT4 Forex Trading Strategies. If you have any other strategy please send it to us, we will share.

AtoZ Markets - Article was update on 25/01/2024 - There are many MT4 trading strategies some come as default, and there are just as many custom trading indicators for MT4. It is normal that traders will always look for that so-called "holy grail" trading strategy. We need to acknowledge that the holy grail trading strategy does not exist. However, by mastering a strategy you can make it profitable for yourself.AtoZMarkets offer Trading strategies and indicators for MT4 and MT5. Thanks to our contributors, we get many trading strategies that we can share with you free of charge. You can download all of these trading tools free of charge. You can also use Free Trading Signals.

What are the most common MT4 indicators?

Most of the traders will always use Moving averages, RSI or MACD as a part of their trading strategy. Additionally, many top MT4 custom indicators are built on top of Moving Averages or RSI. While these are the most common MT4 native indicators, there are many reliable winning trading strategies based on these indicators.

What are the best custom MT4 indicators?

I've built my list of the top custom MT4 Forex trading strategies for 2020 based on the user feedback and accuracy. Nevertheless, the so-called best Forex trading strategy will have maximum accuracy of 70-80 % if you follow all the rules and never panic. Getting a winning trading strategy is easy, however, sticking to the rules is the hardest part. All you need is to follow the simple instructions before starting live trading.

1- Histogram Market Profile Indicator

Histogram market profile indicator is a trading tool and a Metatrader indicator. It uses the histogram, which displays at what price levels and zones heavy Fx trading activity and price action. Using this indicator, you will be able to explore where massive Price Action is happening in a market.

The indicator provides an accurate analysis of Price Action and the most important price levels in Forex. Moreover, you can use this indicator for all markets (forex, commodities, stocks, indices, and others) and in any timeframes. However, it is recommended to use it in 30 min or higher timeframe.

Download Histogram Market Profile trading strategy on AtoZMarkets

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2- Forex Multi Stochastic Trading System

Multi Stochastic trading strategy combining the two indicators, and triggers when these indicators show extreme opposite values. When both the fast and slow stochastics are at or near the designated limit values, it signals a trading opportunity.

Forex Multi Stochastic Trading System is a combination of multiple Metatrader 4 (MT4) indicators and trading template. The essence of this strategy is to transform the accumulated history data and trading signals. This indicator provides an opportunity to detect various patterns in price dynamics that are invisible to the naked eye.

Download multi stochastic trading strategy on AtoZ Markets.

3- Dragon Fire trend trading system

Dragon Fire trend trading system uses PLT indicator by filtering it by I-generator LSMA to identify an ongoing trend. As a result, this unique MT4 trading strategy determines an optimum trade setup. The template used for the Dragon Fire system is transparent in order not to over cramp your chart and leave confusion.

Dragon fire MT4 system works best on 30 minutes and higher time frames. You can use this high unique trading strategy on any Forex pair, Indices, or commodities. You must bear in mind that you should always test any strategy and make it your own.

Download Dragon Fire trend trading system on AtoZMarkets.

4- Forex King trading system

Forex King trading system uses a trend-momentum strategy based on moving averages TDI, MACD, and RSI. This trading strategy comes with bar charts, candlesticks, and the Renko chart. The difference is that with Renko, a trader can follow the trend chart even without reference to the slow average of 200 periods.

Forex King trading strategy works best on 15 minutes and higher time frames. As long as your spread is narrow you can use this strategy with any trading instrument.

Download Forex Kind Trading Strategy on AtoZMarkets.

5- Fibonacci Miracle Trading System 

Fibonacci Miracle trading strategy helps traders eliminate the noise in the market. If you combine it with 50 and 200 SMAs, you get to see the entry/exit points by simply following the trend instead of going against the trend. Fibonacci Miracle Trading System will plot entry position, stop loss level and two take profit levels, one being average and second one being aggressive.

Download Fibonacci Miracle Trading System on AtoZMarkets.

Should you trade with MT4 Strategies on your own at all?

Before you start trading Forex with MT4 strategies, you'll want to read this.

Our in-house trading expert Dr Yury Safronau, PhD in Economic Sciences, gives you daily his best forex, metals, and cryptocurrencies to buy and sell signals right now.

His trading strategies which are based on non-linear dynamic models have achieved more than 65 000 pips of profits since 2015. And right now there are some very strong buy and sell signals across several markets you don't want to miss.

Want to see which ones?

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