Best Free MT4 Indicator For Beginners 2026 — BUY SELL Arrow Signals With Support & Resistance Filter
🎁 Free Indicator Download Pack
All three indicators used in this video are completely free. Download and install directly on your MT4 platform.
- DayTraderArrow Signal Indicator
- Custom Support & Resistance Indicator
- Candle Timer Indicator
What Is The DayTraderArrow Indicator?
The DayTraderArrow indicator is a free MT4 arrow signal indicator that automatically plots BUY and SELL arrows directly on your chart. It is designed for scalping and intraday trading, making it perfect for traders who want simple, clear entry signals without any complicated settings or confusing overlapping lines.
When a BUY condition is met, a blue upward arrow appears below the candle. When a SELL condition is met, a red downward arrow appears above the candle. You can read the signal instantly — no interpretation needed.
The file is a compiled .ex4 format. Simply paste it into your MT4 Indicators folder and it is ready to use immediately. No coding, no configuration required.
File Format
DayTraderArrow.ex4 — compatible with all MT4 builds.
Signal Type
BUY and SELL arrows painted directly on chart candles.
Best Use
Scalping and intraday on 1 minute timeframe.
Alert System
Real-time MT4 popup alerts for every signal.
How To Install On MT4
Installing this indicator takes less than two minutes. Follow these four simple steps.
Download the file
Click the free download link and save DayTraderArrow.ex4 to your computer.
Open MT4 data folder
In MT4 go to File → Open Data Folder → MQL4 → Indicators.
Paste the file
Copy the DayTraderArrow.ex4 file into the Indicators folder.
Restart and apply
Restart MT4, find DayTraderArrow in the Navigator panel and drag it onto your chart.
The Complete Trading Strategy
Using this indicator alone gives too many random signals. The strategy that actually works combines three tools — DayTraderArrow for signals, a Support and Resistance indicator for level confirmation, and a Candle Timer for entry timing.
Three Simple Rules
🔵 Rule 1 — BUY Signal
Only take BUY arrows that appear near a Support level. Arrow plus Support together — that is a valid entry.
🔴 Rule 2 — SELL Signal
Only take SELL arrows that appear near a Resistance level. Arrow plus Resistance together — that is a valid entry.
BUY arrow near Support only
When a BUY arrow appears right at a Support level, both the indicator and the level confirm the same upward direction. That alignment is what makes the setup strong. Arrow floating in the middle with no support nearby — skip it completely.
SELL arrow near Resistance only
When a SELL arrow appears at a Resistance level, price is being rejected from a known supply zone and the indicator confirms that rejection. No resistance nearby — no trade. No exceptions.
Enter after signal candle closes
Once you have a valid signal, wait for the signal candle to fully close before placing your trade. This confirms the signal properly before entry.
Chart Setup Details
Timeframe
1 Minute chart. Signals come frequently and levels are highly reactive.
Trade Expiry
5 Minute expiry gives enough time to capture the move.
Signal Filter
Arrow must align with a Support or Resistance level to be valid.
Entry Timing
Enter immediately after the signal candle fully closes.
Live Trade Results From The Video
Every trade in this video was shown honestly — including the losing ones. Here is a quick recap of all four trades taken.
| Trade | Signal | Setup | Result | Lesson |
|---|---|---|---|---|
| Trade 1 | BUY near Support | Valid | Loss | Valid setups can still lose |
| Trade 2 | SELL near Resistance | Valid | Profit | Arrow + level confirmation works |
| Trade 3 | SELL — big candle near Support | Weak | Loss | Big signal candle — avoid entry |
| Trade 4 | SELL — multiple arrows at Resistance | Strong | Profit | Repeated signals = stronger setup |
Signals To Avoid
Two specific situations should be skipped completely — and the video shows real examples of both.
If the arrow appears on a very large extended candle, the move has already happened. You are entering too late. Wait for the next clean setup instead.
A SELL arrow appearing right on a strong Support level is a low quality setup. Strong support can cause sharp reversals upward. When the signal conflicts with a nearby key level — skip it.
Watch The Full Video
See every trade taken live with full explanation of why each setup was taken or skipped. All trades shown honestly — no editing, no fake results.
Download All Three Indicators Free
One download includes all three indicators used in this strategy. Install on MT4 and start testing on a demo account today.
📦 Complete Free Indicator Pack
Everything you need to run this strategy is in one download.
- DayTraderArrow.ex4 — main signal indicator
- Support & Resistance Indicator — level detection
- Candle Timer Indicator — entry timing tool
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Hello Trader, My name is Ankush. On the blog "AM Trading Tips" contains Indicators and Trading Systems for Forex and Binary options. With a variety of trading (Forex and Binary indicators,trading strategies for different trading styles,and also Expert Advisors) that can be absolutely free
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