The Double Arrow Trading System for MT4 is a powerful forex trading indicator designed to provide high-probability buy and sell signals using dual arrow confirmation. This trading tool combines price action, trend detection, and oscillator-based signals to help traders identify turning points in the market. Whether you are a beginner or an experienced trader, this indicator can significantly improve your decision-making process by giving you clear visual alerts and multi-layer confirmation.
In this guide, you’ll learn how the system works, the logic behind the arrows, its features, how to trade with it, and how to download it for free.
What Is the Double Arrow Trading System for MT4?
The Double Arrow Trading System for MT4 is a custom indicator that generates two confirmation arrows—usually a trend arrow and a momentum arrow—to signal potential trade entries. It combines:
- Trend-following logic
- Overbought/oversold conditions
- Momentum shifts
- Candlestick structure
- Hidden divergences (optional depending on version)
The system plots yellow, blue, or red arrows on the chart, giving traders a clear visual cue whenever the market is likely to reverse or continue a trend.
How the Double Arrow Trading System Works
Although the internal algorithm may vary by version, most Double Arrow Systems follow a similar process:
✔ 1. Trend Detection
The indicator identifies the current market direction using moving averages or price structure.
- Uptrend → bull arrows
- Downtrend → bear arrows
✔ 2. Momentum Confirmation
The second arrow appears when an oscillator (like Stochastic or RSI) confirms the shift in momentum.
✔ 3. Dual Arrow = Trade Entry
A trade is considered valid only when two matching arrows appear close to each other.
This reduces false signals significantly.
✔ 4. Visual Alerts & Sound Notifications
The indicator provides alerts so traders don’t need to stare at charts all day.
Features of the Double Arrow Trading System
Here are the main advantages of using this system:
✔ Easy-to-Read Visual Signals
The arrows are color-coded and appear directly on price charts.
✔ Works on All Timeframes
You can use it on M1–D1 charts depending on your strategy.
✔ Suitable for All Currency Pairs
Forex majors, minors, metals, indices, and synthetic indices.
✔ Built-In Oscillator Filtering
Helps eliminate weak trades.
✔ Great for Beginners
No complicated analysis required—just follow the arrows with confirmation.
✔ Free to Download
You can install and use it on MT4 without any cost.
How to Trade with the Double Arrow Trading System (Simple Strategy)
Below is a basic but effective strategy you can use with this indicator.
BUY Rules (Long Trades)
Enter a buy trade when:
- A blue or upward arrow appears after a down move.
- The oscillator or lower window indicator confirms oversold movement.
- Price begins forming higher lows.
Stop-Loss: place below the previous swing low.
Take-Profit: use ATR level, next resistance, or 1:2 risk-reward.
SELL Rules (Short Trades)
Enter a sell trade when:
- A yellow/red downward arrow appears after an uptrend.
- Momentum indicator shows overbought levels.
- Price starts forming lower highs.
Stop-Loss: above previous swing high.
Take-Profit: next support or 1:2+ RR.
Best Timeframes to Use
The system is flexible, but traders typically prefer:
- Scalping: M1, M5
- Intraday: M15, M30
- Swing Trading: H1, H4
Higher timeframes generate more accurate signals.
Tips for Best Performance
To increase accuracy:
- Combine the system with support and resistance levels
- Avoid trading shortly before major news events
- Do not enter a trade unless both arrows appear
- Practice on a demo account before going live
- Use proper risk management (1–2% per trade)
After downloading:
- Open MT4
- Go to File → Open Data Folder
- Navigate to MQL4 → Indicators
- Paste the indicator file
- Restart MT4 and attach it to your chart
Conclusion
The Double Arrow Trading System for MT4 is a simple yet highly effective trading tool that helps forex traders identify high-probability reversals and trend continuation setups. Its dual confirmation arrows reduce false signals, making it ideal for beginners and professionals alike.
If you’re looking for a free, reliable, and easy-to-use trading system, this indicator is a great addition to your MT4 trading arsenal.
