Free Forex Tools

Forex Profit Boost MT4 Indicator – 100% Free Download

The Forex Profit Boost Indicator is a helpful tool for MetaTrader 4 (MT4) platform that that uses two popular technical indicators – Moving Averages (MA) and Bollinger Bands (BB) to provide clear insights into the strength and direction of the market trends.

Indicator Description

The Forex Profit Boost Indicator is a trend following indicator using a histogram to represent market movements visually. The histogram changes color to show the current phase of the market trend:

Red bars signal a strong downtrend
Blue bars indicate a strong uptrend.
The larger the blue/red bars = the stronger uptrend/downtrend.
Yellow bars suggest a weakening trend, signaling a potential market reversal or correction.

This indicator works well for many timeframes, with the best performance seen on H1 (1-hour) charts and above.

Forex Profit Boost MT4 Indicator Installation

1. Unzip the file you’ve downloaded.
2. Find the file that is called “forexprofitboost.ex4″ and copy it.
3. Open your MT4.
4. Go to “File – Open Data Folder – MQL4”.
5. Paste the file into the “Indicators” folder in MQL4.
6. Restart your MT4.

After the installation, your trading chart will look like this:

Forex Profit Boost MT4 Indicator – 100% Free Download

Trading Strategies Using Forex Profit Boost Indicator

1. Aggressive Strategy:
This method involves entering the market at the initial sign of a trend change:
Buy when bars color changes from red to blue;
Sell when bars color changes from blue to red;
Place stop-loss behind recent the high/low.

2. Conservative Strategy:
This method recommends waiting for a pullback after a trend change is indicated by a decrease in yellow histogram bars, allowing traders to enter the market during the early stages of a new trend formation.

Forex Profit Boost MT4 Indicator – 100% Free Download

Key Advantages

Easy to use: with clear color signals, it’s accessible for beginners and experienced traders;
Non-repainting: the indicator does not repaint, meaning its signals remain consistent once they appear;
Versatile: can be adapted to various timeframes and currency pairs;
Aggressive and conservative strategies: traders can enter the market early or wait for additional confirmation of trends.

My Conclusion on Forex Profit Boost Indicator

I believe that Forex Profit Boost Indicator is a valuable tool for both new and experienced traders. While it works well for trending markets, it’s best to avoid using it when prices are moving sideways. For the best results, use it alongside other tools and always practice good risk management.

Forex Profit Boost MT4 Indicator – 100% Free Download

P.S. Have problems with installation? Email me at olivermurphy@altraforex.com or support@altraforex.com
I would love to help!

P.P.S. Check out software by Altra Forex Group here

Oliver Murphy

Hi! We are Altra Forex Group, the team of the most qualified and experienced forex traders and programmers. Our Mission Statement: "Trading Forex Made Easy and Successful for Everyone"! Join our team today!

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