📊 HLR Indicator V1 MT4 – Precision-Based Reversal Trading Tool


Are you tired of using lagging indicators that react after the move has already happened? Enter the HLR Indicator V1 for MT4—a technical trader’s secret weapon built for real-time reversal zones and smart entries.


Whether you’re scalping the 1M chart or swing trading on H1, this indicator provides laser-accurate signals at high-likelihood turning points. No repainting, no complicated settings, just clear visual zones that help you time your trades with sniper precision.


Let’s break down what makes this tool a must-have addition to your MetaTrader 4 setup.




🔍 What is the HLR Indicator V1 MT4?


The HLR (High-Low Reversal) Indicator V1 is a custom technical tool designed for the MetaTrader 4 platform that detects and plots major reversal zones based on recent market structure. It doesn’t rely on standard RSI or MACD inputs—instead, it leverages pivot levels, candle exhaustion, and volume volatility clustering to predict high-probability reversal levels.


Unlike many repainting indicators that leave you second-guessing, HLR V1 plots fixed zones once a signal forms. That means you can actually backtest and trust the data you see.


This tool was built for manual discretionary traders, algorithmic strategists looking to confirm levels, and even prop firm challengers who need low-risk entries.




🌟 Key Features of HLR Indicator V1 MT4


• ✔️ Reversal zone mapping across all major timeframes
• ✔️ Fixed, non-repainting signal markers
• ✔️ High, medium, and low confidence zones (color-coded)
• ✔️ Alerts for breakout vs. reversal trades
• ✔️ Works with all currency pairs, commodities, and indices
• ✔️ Optimized for scalping (M1, M5), intraday (M15–H1), and swing trades
• ✔️ No martingale or grid logic—pure indicator logic
• ✔️ Clean user interface with no lag on low-end systems
• ✔️ Excellent for manual + EA confirmation setups
• ✔️ Compatible with all MT4 brokers
• ✔️ Zero DLL dependency—safe and lightweight
• ✔️ Adjustable sensitivity based on volatility conditions



📈 Strategy & Use Case


Let’s talk trading logic.


The HLR Indicator V1 functions best in ranging or volatile reversal markets. It’s designed to identify "liquidity traps" and zones where price historically reacts. The strategy it supports is pretty straightforward:




  1. Wait for price to enter a marked HLR zone (red for high resistance, green for strong support).




  2. Confirm with price action (e.g., pin bar, engulfing, inside bar).




  3. Enter a trade with tight SL just outside the zone.




  4. Target 2x to 3x RR using previous structure or trailing exit.




Optional additions: use HLR with an ATR filter or combine it with a moving average for additional bias. For best results, focus on London and New York sessions, when price reacts cleanest to these reversal zones.


Swing traders can mark key H4/D1 zones and use M15/M5 for entries. It’s that flexible!



📊 Backtesting and Results


While the HLR Indicator isn’t an Expert Advisor, you can backtest the signals manually using MT4’s visual mode. Tests done on EURUSD, GBPJPY, and Gold across the past 6 months showed win rates between 60–72% when combined with confirmation candles.


📌 On EURUSD M15, trades taken strictly on HLR zones + engulfing candles showed an average RR of 1:2.3, with an equity growth of 18% in 30 days, risking just 1% per trade.


📌 Gold scalpers using the M5 chart hit over 65% wins during NY sessions by simply waiting for strong rejection in red zones.


The fixed signal nature of the indicator makes it possible to verify results without repainting illusions—something most indicators won’t offer!



Alt Text: "Equity curve showing HLR Indicator signals applied on EURUSD M15 over a 3-month backtest period."




⚙️ How to Install HLR Indicator V1 on MT4


Installing HLR V1 is a breeze:




  1. Download the indicator from fxcracked.org




  2. Open MT4 → Click File → Open Data Folder




  3. Navigate to MQL4/Indicators/




  4. Paste the HLR_Indicator_V1.ex4 file




  5. Restart MT4 and attach the indicator to your desired chart




  6. Customize colors, confidence levels, and alerts to your liking





Alt Text: "MT4 platform screenshot showing HLR V1 indicator settings and chart with marked reversal zones."




💡 Why Traders Trust Tools from FXCracked & YoForex


YoForex and FXCracked are leading communities in the world of free and premium trading tools. The HLR Indicator V1 follows their philosophy of:




  • No cost, no catch—fully free to download




  • No locked features or pay-to-unlock logic




  • Regular updates and bug fixes




  • Transparent community feedback and proof-based validation




Check out other tools on FXCracked’s blog or their Beginner's Guide to level up your strategy.



 


 


 


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