Introduction

Tired of chasing half-baked indicators that either repaint or miss every juicy move? Us too… that’s exactly why YoForex built the Forex Gump Indicator MT4, a free trend-and-spike combo tool that tells you when momentum’s kicking in and when it’s fizzling out, all in real time—no repaint nonsense later. It’s been fully back-tested on thousands of bars, demo-verified in live markets, and refined by our dev team to give you crisp arrows, color-coded bars, and instant alerts the moment a big move starts. Whether you scalp the 1-minute or swing trade the H4, Gump’s adaptive filters keep you in the winning side of the market. And yep, it’s 100% free on MQL5.software—so why keep over-paying for half-baked signals?

Overview

The Forex Gump Indicator MT4 is a hybrid volatility-momentum detector designed in pure MQL4 for MetaTrader 4. It blends an adaptive moving-average trend filter with an ATR-based spike detector to flag genuine breakouts and trend continuations. When volatility surges above your custom threshold, Gump instantly paints the bar and fires off alerts—pop-ups, email, or push notifications—so you can pounce on opportunities before they evaporate.

  • Works on any symbol: FX majors, commodities, indices, crypto—you name it.
  • Multi-timeframe support: M1, M5, M15, H1, H4, D1.
  • Lightweight (<7 KB) code ensures no lag on your MT4 platform.

If you’re new to indicators, check our MT4 Indicators Guide for setup tips. Or pair Gump with our Non Repaint Trend Indicator for MT4 for ultra-clean entries that never ghost you later.

Key Features

• + Adaptive Trend Filter: Smooths out noise, highlights true trend direction
• + Volatility Spike Detection: Uses ATR bursts to catch sudden price jumps
• + Color-Coded Bars: Green for bullish spikes, red for bearish, for instant clarity
• + Non-Repainting Logic: Signals stay locked once drawn—backtests match live trades
• + Custom Alerts: Pop-ups, emails, push to your mobile—never miss a move
• + Multi-Symbol & TF: Attach anywhere; auto-detects chart symbol and timeframe
• + Session Filter: Enable/disable for specific trading sessions (Tokyo, London, NY)
• + Adjustable Thresholds: Tweak ATR period, multiplier, MA smoothing to your style
• + Noise Guard: Ignores minor blips; only flags meaningful volatility surges
• + Low CPU Footprint: Runs smoothly alongside EAs and other indicators

Backtest Results & Proof

We ran the Forex Gump Indicator MT4 on EURUSD H1 from Jan 2019 to Dec 2024, sampling over 12,000 bars. Configured with a 14-period ATR and a 2.0 multiplier, it flagged an average of 3–4 spikes per day, capturing major London and New York open runs. The equity curve showed a +198% net gain with a max drawdown of just 4.2%—proof that Gump’s filters keep you in clean trends and out of chop.

TEAM SEO 61 2

On live-demo over the past six months, traders using Gump reported a 71% accuracy on spike-based entries and maintained a 1 : 1.6 risk:reward ratio when combining trend pulls and spike entries. It’s not just backtests—real users swear by its timely alerts and visual clarity.

How to Install & Configure

  1. Download the Forex Gump Indicator MT4 from its MQL5.software page.
  2. Copy ForexGump_v1.mq4 (or the compiled .ex4) into your MQL4/Indicators folder.
  3. Restart MetaTrader 4 or hit “Refresh” in the Navigator panel.
  4. Drag & Drop the indicator onto your chart.
  5. Adjust Inputs:
  • ATR_Period: default 14
  • ATR_Multiplier: default 2.0
  • MA_Period: default 50
  • Session_Filter: “London, NewYork”
  • Alerts_On: true/false

  • Save a template to reuse settings across symbols/timeframes.

Just like that, you’ll be spotting volatility spikes and trend shifts in seconds—no coding, no fuss.

TEAM SEO 62

Why Choose YoForex-Powered Tools?

YoForex has been crafting trader-approved, 100% free indicators and EAs since 2018. We believe in transparency—no hidden fees, no trial walls—just community-driven updates and proven performance. When you download a YoForex tool like Forex Gump Indicator MT4, you join a network of savvy traders who share settings, performance tips, and strategy tweaks. Plus, we roll out monthly improvements based on real-world feedback, so your tools stay sharp as markets evolve.

Support & Disclaimer

Hitting a snag or got feedback? Ping us on WhatsApp at https://wa.me/+443300272265 or join our Telegram group: https://t.me/yoforexrobot. We’re live traders too, so response times vary… but we’ll help you out ASAP.

Disclaimer: Past performance doesn’t guarantee future results. Always demo-test before going live and only risk money you can afford to lose.

Call to Action

Ready to catch every momentum surge? Download Forex Gump Indicator MT4 free on MQL5.software now, slap it on your charts, and start riding real moves with confidence. Support’s just a message away—so dive in and trade smarter today!