Tired of chasing fake breakouts or missing the perfect market reversal points? The HLR Indicator V1 MT4 might just be the missing piece in your trading setup. Whether you’re a scalper, intraday trader, or someone who just wants more accurate entry and exit signals, this MT4 indicator is crafted to detect powerful high-low reversals with surgical precision. And the best part? It’s available for free on MQL5.software — 100% backed by YoForex's dev team.

This tool doesn’t flood your screen with noisy signals or repaint misleading candles. Instead, it gives you a clean visual layout that tells you when the market is likely to flip... before it actually does. If you're done with overcomplicated indicators and ready for something that actually works, keep reading.

Overview

The HLR Indicator V1 MT4 (short for High-Low Reversal Indicator) is a precision-crafted MetaTrader 4 tool built for one thing: spotting reversals at the highest and lowest points of the price swing. It’s designed to help traders identify possible tops and bottoms based on dynamic price behavior and candle exhaustion.

HLR uses a proprietary logic based on the last X number of bars, monitoring price exhaustion and price rejection at critical high-low points. This provides early warning signs of trend reversals, without lagging or repainting — making it ideal for scalping, intraday, and even swing trading setups.

The indicator has been fully backtested and verified by the YoForex development team across multiple assets, including XAUUSD, GBPUSD, NAS100, and more.

Key Features

• +90% signal accuracy on M15 and M30 timeframes
• Visual buy/sell arrows based on candle rejections
• Auto-detection of swing highs/lows and reversal zones
• Zero repainting – signals stay fixed after confirmation
• Built-in alert system (pop-up + push notifications)
• Works great on gold, indices, and major FX pairs
• Customizable sensitivity settings
• No lagging oscillators or complex math – pure price action
• Non-intrusive interface, minimal CPU usage
• Fully compatible with all MT4 brokers
• Back-tested for all volatility scenarios
• Filters out sideways/choppy market noise

Backtest Results & Real Performance

Extensive backtests were conducted on XAUUSD (Gold), US30, and EURUSD, over a 6-month period using M15 and M30 timeframes.

Highlights from the Backtests:

  • XAUUSD (M15): 83% win rate, average 2:1 RR, 25 trades/week

  • EURUSD (M30): 78% win rate, 1.8:1 RR, low drawdown profile

  • US30 (M15): 89% win rate, highly responsive in volatile conditions

Here’s a visual snapshot of the backtest equity curve:
Alt text: Equity curve of HLR Indicator V1 MT4 showing consistent growth from backtest on XAUUSD

Live forward testing on real accounts confirms the same: low false positives and high-probability entry zones that reduce overtrading and maximize clean setups.

Image #1: Backtest equity curve (optional)
Image #2: Risk-reward infographic showing R-multiples over time

How to Install & Configure

Using HLR Indicator V1 MT4 is easy—even if you’re new to MT4. Just follow these steps:

  1. Download the HLR Indicator from MQL5.software.

  2. Open MT4, go to File > Open Data Folder.

  3. Navigate to MQL4 > Indicators and paste the .ex4 file.

  4. Restart MT4 and attach HLR Indicator to your chart.

  5. Adjust sensitivity levels (default is 7 bars for high/low calc).

  6. Enable alerts if you want instant signal notifications.

Alt text: MT4 indicator settings panel showing HLR Indicator’s configuration window

Recommended timeframe: M15 or M30
Best pairs: XAUUSD, GBPUSD, NAS100, USDJPY
Minimum deposit: Any (works even on micro accounts)

Why Choose YoForex-Powered Tools?

At YoForex, we don’t just publish tools — we trade with them daily. Our free indicators and EAs are hand-built by professionals who understand the real pain points of retail trading. From constant updates to active Telegram support, we’ve got your back 24/7.

And yes, all of this is offered for free—coz we believe trading software shouldn’t cost a fortune.
Learn more about us at YoForex.net

Support & Disclaimer

Need help with installation or strategy optimization? We’re just a message away:

• Chat on WhatsApp: https://wa.me/+443300272265
• Join our Telegram group: https://t.me/yoforexrobot

Disclaimer: Trading in forex involves risk. Past performance is not indicative of future results. Always demo-test before going live.

Final Thoughts & Call to Action

If you're looking for a reliable, low-noise reversal indicator, the HLR Indicator V1 MT4 is a total no-brainer. It’s accurate, efficient, and completely free to use.

???? Grab your copy now on MQL5.software and take the guesswork out of your trades.
And if you ever need help, you know where to find us.

 

 

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