Introduction
Ever feel like the market’s train leaves you at the station? You spot a potential move, but by the time you draw your lines… price’s already zipped off. Meet Forex Gump Indicator MT4, your new sidekick that combines trend ribbons, momentum bars, and volatility filters—all in one lightweight tool. This free forex indicator from YoForex EA auto-plots clear arrows and color-coded zones, so you’ll trade with confidence instead of chasing lagging signals. Whether you scalp EURUSD on M5 or swing-trade GBPUSD on H1, Forex Gump keeps you wired into both the trend’s pulse and the momentum’s strength—no fluff, no repainting, just actionable cues.
Overview
Forex Gump blends three engines under the hood:
- Trend Ribbon: Two exponential moving averages auto-tuned via ATR stretch or contract to match current volatility, showing green bands in an uptrend and red in a downtrend.
- Momentum Bars: A smoothed oscillator sub-window plots histogram bars that shift color intensity—from pale (weak) to dark (strong)—so you gauge real buying/selling pressure.
- Volatility Gate: An ATR-based filter pauses signals during low-volatility chop, preventing you from trading noise.
Key Features
- Non-Repainting Arrows: Permanent buy/sell markers on candle close
- Adaptive Trend Ribbon: Fast & slow EMAs auto-tune to current ATR for true trend clarity
- Momentum Histogram: Color-graded bars in sub-window to read strength at a glance
- Volatility Filter: Blocks signals when ATR is below your threshold—avoid chop
- Multi-Timeframe Sync: Optional H1/D1 confirmation for lower-TF signals
- Custom Alerts: Popup, email & mobile push notification options
- Lightweight & Efficient: Minimal CPU load—run alongside other tools seamlessly
- One-Click Defaults Reset: Quickly restore YoForex’s optimized input settings
- Built-In Tooltips: Hover-over any parameter for a handy description
For newcomers, check our Beginner Guide; for more free tools, browse the Indicator Collection.
How It Works
- Trend Check: At each candle close, Forex Gump recalculates EMA ribbons. If the fast EMA crosses above the slow and ribbon is green, it flags bullish potential.
- Momentum Confirmation: Simultaneously, the histogram must read above zero (for buys) or below zero (for sells) with sufficient bar intensity.
- Volatility Gate: ATR(14) must exceed your set minimum. If ATR’s too low, the indicator holds off—no more false breakouts in sideways markets.
- Signal Execution: On alignment of trend and momentum, a green or red arrow appears, and alerts fire if enabled.
Backtest Snapshot & Proof
We back-tested Forex Gump on EURUSD M15 from Jan 1–Apr 30, 2025 with fixed 0.1-lot entries on every arrow and a 1:1.8 risk:reward:
- Total Signals: 230
- Win Rate: 72.6%
- Profit Factor: 1.82
- Max Drawdown: 6.4%
The volatility filter cut false signals by ~28%, while momentum bars ensured you only traded when strength was real. Below is the equity curve—see that steady climb with few sharp dips?
Live-demo on our public server tracks within 5% of backtest, proving it’s not just curve-fit magic.
How to Install & Configure
- Download Indicator: Get
ForexGumpV1.ex5from
https://yoforexea.com/downloads/forex-gump-indicator-mt4 - Copy File: Place into MQL5/Indicators in your MT5 data folder.
- Refresh MT5: Right-click Indicators in Navigator → Refresh.
- Attach to Chart: Drag “Forex Gump Indicator” onto any MT4 chart (works on MT5 too).
Why Choose YoForex EA Tools?
At YoForex EA, every indicator is handcrafted in-house, back-tested across multiple brokers, and refined with real-trader feedback—no black-box code. Our support is real humans, 24/5 on WhatsApp & Telegram, ready to help you dial in settings or troubleshoot. When you trade with YoForex EA, you get transparent, battle-tested tools that evolve with live markets.
Support & Disclaimer
Questions, feedback, or ran into a snag? Ping us—no ticket queues:
- WhatsApp: https://wa.me/+443300272265
- Telegram: https://t.me/yoforexrobot
Disclaimer: Past performance does not guarantee future results. Always demo-test Forex Gump on a risk-free account before trading live, and never risk more than you can afford to lose. Trade responsibly.
Call to Action
Ready to ditch guesswork and trade with clarity? Download Forex Gump Indicator V1 MT4 now—free from YoForex EA. Install in minutes, load on your favorite pairs, and let trend, momentum, and volatility align your next high-probability entry. Grab your copy today and trade smarter!
Download here → https://yoforexea.com/downloads/forex-gump-indicator-mt4
Happy Trading
