The Cycle Detector Pro MT4 is a premium yet freely available MetaTrader 4 (MT4) indicator designed to detect market cycles and generate precise buy and sell signals. Traders often struggle to identify market tops and bottoms, but this tool simplifies decision-making by visually highlighting both major and minor cycles directly on the chart.

Whether you are a forex, commodities, or indices trader, Cycle Detector Pro MT4 helps you anticipate price reversals, trends, and breakout points with accuracy.

Cycle Detector Pro MT4: Free Download screenshot
Cycle Detector Pro MT4: Free Download chart image

Key Features

  1. Major & Minor Cycle Detection
    • Identifies short-term and long-term market cycles.
    • Distinguishes between minor fluctuations and significant market moves.
  2. Dynamic Buy/Sell Signals
    • Real-time alerts for tops and bottoms.
    • Optional “Wait for Close” feature ensures signals are validated at the end of the candle.
  3. Price Action & Cycle Filters
    • Incorporates SMA or RSI filters for more accurate signals.
    • Adjustable filter strength to suit different trading strategies.
  4. Custom Alerts
    • Sound notifications for cycle tops and bottoms.
    • Alert options for “Buy only,” “Sell only,” or both.
  5. Visual Clarity
    • Uses separate buffers for major and minor cycles.
    • Clear histogram representation of cycle strength and direction.
  6. Adaptable for Any Timeframe
    • Works on 1-minute to monthly charts.
    • Suitable for scalping, day trading, or swing trading strategies.
  7. Optimized for MT4
    • Lightweight and fast, even with large datasets.
    • Compatible with any MT4 broker.

How Cycle Detector Pro MT4 Works

Cycle Detector Pro calculates cycles using a combination of price action, moving averages, and optional filters. Here’s a simplified breakdown:

  1. Cycle Price Calculation: Uses a smoothed moving average of the closing price.
  2. Zero-Lag Filtering: Eliminates lag in signals using a Zero-Lag formula based on SMA or RSI.
  3. Switch Mechanism: Tracks the direction of the price movement to determine top/bottom cycles.
  4. Strength & Sweep Calculation: Determines the magnitude of a cycle to separate minor vs major cycles.
  5. Signal Generation: When the conditions for a cycle are met, the indicator draws histogram signals and triggers alerts.

This approach ensures that only significant price movements generate signals, reducing noise and false alerts.

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Installation Guide

  1. Download the CycleDetectorPro.ex4 file.
  2. Open MT4 and go to File → Open Data Folder → MQL4 → Indicators.
  3. Copy the .ex4 file into the Indicators folder.
  4. Restart MT4 or refresh the Navigator window.
  5. Attach the indicator to your chart and adjust settings as needed.

Recommended Settings:

  • PriceActionFilter = 1
  • Length = 3
  • MajorCycleStrength = 4
  • UseCycleFilter = true
  • UseFilterSMAorRSI = 1
  • FilterStrengthSMA = 12
  • SoundAlert = true

Benefits of Using Cycle Detector Pro MT4

  • Early Cycle Detection: Anticipate reversals before they happen.
  • Custom Alerts: Never miss critical market tops or bottoms.
  • Trade Confidently: Reduces emotional trading by providing objective signals.
  • Versatile: Works for forex, indices, commodities, and crypto.
  • Free Download: Premium features without subscription costs.

Tips for Best Use

  1. Combine with support and resistance levels for enhanced accuracy.
  2. Use higher timeframes for trend confirmation, lower timeframes for entries.
  3. Adjust MajorCycleStrength to match your trading style – higher for long-term swings, lower for intraday scalping.
  4. Test with a demo account before using real funds.

Conclusion

Cycle Detector Pro MT4 is a must-have tool for traders who want a precise and visually intuitive way to identify market cycles. Its major/minor cycle distinction, real-time alerts, and flexible filters make it ideal for all types of traders, from beginners to professionals.