Free Forex Indicators (MT4), Trend Following Indicators

AFL Winner Indicator

AFL Winner Indicator is one of the simplest trend-following forex-trading indicators you might have ever experienced. It has been developed for short-term traders who like to scalp within the trend direction of the market. Its simple and easy chart demonstration allows newbie traders to understand the market trend and progress at a steady pace.

AFL Winner Indicator is a scalping indicator. Therefore, we recommend you to stick with the major forex currency pairs for avoiding unusual volatilities. It works better when applied on shorter timeframe charts like M5 & M15 within the MT4 trading platform.

AFL Winner Indicator Overview

Download the indicator and install it on your MT4 terminal. Once you’re done, your chart will appear like the following image:

AFL Winner Indicator Overview


AFL Winner Indicator signals the market in a quite straightforward way. It closely monitors the market momentum based on past market data and transforms them into steady trend signals.

AFL Winner Indicator Explanation

This indicator applies a 10-day specially parameterized MA for defining the market trends. It turns green when the market is in bullish condition. For the bearish trend confirmation, the indicator bars must be turned into red.

Since it is suitable for short-term tradings, you may expect to close your trade any time you see an opposite signal to your trade. Besides, you can add it to any other trend-following strategies for enhancing your trading performance.

Also Read: RoboForex Broker Review

AFL Winner Indicator: Buy Conditions

AFL Winner Indicator Buy Parameters
  • Price bar closes as a bullish candle
  • AFL Winner bars turn green
  • Buy triggers at the break of the respective bullish candle’s high
  • Set stop loss below the current low of the market
  • Exit long/take profit whenever the indicator bars turn red

AFL Winner Indicator: Sell Conditions

AFL Winner Indicator Sell Parameters
  • Price bar closes as a bearish candle
  • AFL Winner bars turn red
  • Sell triggers at the break of the respective bearish candle’s low
  • Set stop loss above the current high of the market
  • Exit short/take profit whenever the indicator bars turn green

I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

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About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.
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