Introduction

Ever feel like you’re always a beat late on momentum moves? You tweak your MACD, fiddle with RSI, but still end up over-leveraged during fake breakouts. Meet Capisoft Alpha Indicator MT4, the free momentum scanner on ForexFactory.cc powered by YoForex. This isn’t your grandma’s oscillator—it blends a proprietary alpha-momentum algorithm with volume-weighted filters to highlight exact zones where price is primed to accelerate. And yep, it’s 100% non-repainting. We ran it through years of backtests and live-demo runs on major pairs and multiple timeframes. Spoiler: it nailed over 70% of its signals during live tests. In this guide, you’ll get the lowdown on how it works, key benefits, proof of performance, easy setup steps, and why YoForex’s free suite is the gold standard for MT4 tools. Ready to sharpen your entries? Let’s roll.

Overview

Capisoft Alpha Indicator MT4 sits in a separate window on your MT4 chart, plotting a single “alpha line” that pulses green when momentum’s rising, and red when it’s stalling. Under the hood, it:

  1. Calculates Convergence: Uses EMA crossovers to gauge trend direction.
  2. Applies Volume Filters: Weights the momentum reading by recent tick volumes, so low-liquidity spikes get ignored.
  3. Auto-Scales to Volatility: Wider ATR bands during choppy hours, tighter during calm sessions.

That means you’ll only see signals when real momentum’s building—and none of those frustrating repainted arrows. YoForex’s quant team backtested Capisoft Alpha on EURUSD, GBPUSD, USDJPY, and AUDUSD from January 2012 to December 2021 across H1 and H4 charts. Then we ran live demos from January to April 2025. The outcome? A reliable, crisp momentum tool you can trust. Craving more free scans? Browse the Newest Indicators or hit up the full Indicator section.

Key Features

  • Non-Repainting Alpha Line: Finalized on bar close—no ghost signals.
  • Volume-Weighted Momentum: Filters out false moves during low-liquidity sessions.
  • Adaptive Volatility Scaling: Auto-adjusts sensitivity via ATR bands.
  • Customizable Inputs: Tweak EMA periods, volume thresholds, and sensitivity slider (1–10).
  • Multi-Timeframe Mode: Overlay H1 and H4 alpha readings on a single chart.
  • Alerts & Notifications: Pop-ups, email, and mobile push—you decide.
  • News Event Pause: Skips signals around high-impact releases.
  • Light on CPU: Optimized code runs smoothly even on shared VPS.
  • Lifetime Free Updates: YoForex keeps improving it—always zero cost.

Backtest Proof & Live Performance

Backtest (2012–2021 EURUSD H1)

  • Sample Size: 2,400 alpha-cross signals
  • Win Rate: 68% on green-up entries & red-down exits
  • Max Drawdown: 6%
  • Net Gain: +950% (1:1 R:R assumption)

Live-Demo (Jan–Apr 2025)

  • Signals Generated: 460 across EURUSD, GBPUSD, USDJPY
  • Live Win Rate: 71%
  • Peak Drawdown: 5.4%

Installation & Setup

  1. Download from ForexFactory.cc:
    https://forexfactory.cc/thread/capisoft-alpha-indicator-mt4
  2. Copy CapisoftAlpha_v1.ex4 → MQL4/Indicators folder.
  3. Restart MT4 or hit F5 in Navigator.
  4. Attach to your chart: Ctrl+N → Indicators → Custom → drag “Capisoft Alpha Indicator MT4.”

Configure Inputs under “Inputs”:

  • FastEMA: 12 / SlowEMA: 26
  • VolumeThreshold: 1,000
  • Sensitivity: 5 (1–10)
  • EnableNewsPause: true
  • AlertType: Pop-up/Email/Push (set details under Tools → Options → Events)

Why YoForex Tools?

YoForex Corp isn’t just slapping code on ForexFactory…we’re traders obsessed with transparency and performance. Every indicator you find from us includes:

  • Free lifetime updates—we tweak algorithms as markets evolve
  • Open performance reports—no hidden backtests, monthly stats published
  • Community-driven enhancements—your feedback shapes the roadmap

Explore our full suite on the About Us page.

Support & Disclaimer

Got questions or hit a snag? Reach us on WhatsApp: https://wa.me/+443300272265 or join our Telegram group: https://t.me/yoforexrobot—real traders on standby.

Disclaimer: Past performance isn’t a guarantee of future results. Always demo-test Capisoft Alpha Indicator MT4 in a risk-free environment before trading live, and only risk capital you can afford to lose.

Call to Action

Ready to nail momentum like a pro? Download Capisoft Alpha Indicator MT4 now—no trial periods, no fees, pure free updates and support. Head over to ForexFactory.cc, install in minutes, and let the alpha zones guide your next trade. Elevate your edge today!