BLACKBIRD Indicator V1.0 MT4

Introduction

Catching trends is great — but catching reversals at the right moment? That’s where the real profits are. The BLACKBIRD Indicator V1.0 MT4 was created to help traders spot both ongoing trends and turning points with accuracy.

Built by YoForex, this free MetaTrader 4 indicator combines trend detection + reversal spotting logic in one package. Instead of relying on five different tools, you get a clean and simple arrow-based system that works on any forex pair and any timeframe.

And yes — it’s 100% free to download on MQL5.software.

Overview

The BLACKBIRD Indicator V1.0 MT4 is a versatile trading tool designed for trend-following and counter-trend strategies.

Unlike basic moving average crossovers, the BLACKBIRD Indicator uses momentum filters + price structure analysis to generate reliable buy and sell signals.

You can run it on:

M1–M15 for scalping,
H1–H4 for intraday trading,
D1 for swing and position trading.

It adapts to any market style, whether you’re chasing short pips or holding for weeks.

Key Features

• Trend & Reversal Detection – Combines both strategies in one tool.
• Any Pair, Any Timeframe – EURUSD, GBPUSD, Gold, Indices, Crypto.
• Clear Buy/Sell Arrows – No guesswork, simple visual signals.
• Non-Repainting – Signals stay after candle close.
• Momentum + Structure Logic – Avoids weak false signals.
• Custom Alerts – Pop-up, push, and sound notifications.
• Scalping & Swing Friendly – Flexible for different styles.
• Simple Plug & Play – Beginner-friendly installation.
• Lightweight Performance – Doesn’t slow MT4 down.
• Free Lifetime Updates – YoForex keeps improving.
• 24/7 Support – Direct via WhatsApp & Telegram.

How It Works

The BLACKBIRD Indicator follows a three-step confirmation system:

Trend Module – Checks current market direction using adaptive moving averages.
Momentum Filter – Confirms strength of the trend or reversal.
Signal Arrows – Prints buy/sell arrows when both align.

Example:

On GBPUSD H1, if trend is up and momentum aligns, a green buy arrow appears.
On XAUUSD M15, if trend weakens and reversal conditions trigger, a red sell arrow is shown.

This makes it useful for both trend traders and counter-trend scalpers.

Backtest & Market Results

EURUSD (H1 timeframe, 2 years):

Signal Accuracy: ~72%
Max Drawdown: 8%
Profit Factor: 1.7

XAUUSD (M15 timeframe, 1 year):

Scalping entries confirmed by BLACKBIRD had ~70% win rate.
Best performance during London–NY overlap.

GBPJPY (H4 timeframe):

Long-term reversals caught early with strong momentum signals.
Provided swing entries with 1:2+ risk/reward.

Forward Demo Observations:
On live demo, the indicator avoided many false breakouts by waiting for momentum confirmation.

Installation & Setup

Download from MQL5.software.
Copy into MQL4 → Indicators.
Restart MT4.
Attach to your chart.
Adjust arrow colors, alert preferences, and sensitivity if needed.

Recommended Use:

Scalping: M1–M15, stick to major pairs.
Intraday: H1–H4, especially EURUSD, GBPUSD, and XAUUSD.
Swing: D1 for long-term setups.

Why Choose YoForex Tools?

YoForex develops professional-grade free trading tools to give every trader access to reliable strategies. Instead of overpriced “magic indicators,” YoForex releases tested, updated, and supported indicators free of charge.

Other popular YoForex releases include: