AJ Indicator MT4: The Ultimate Price Action Trading Tool - FREE DOWNLOAD

Introduction
Tired of lagging indicators that leave you chasing the market? You’re not alone. Too many traders rely on noisy oscillators or repainting signals that look great on a chart but fail when it matters. Enter AJ Indicator MT4—a precision-crafted tool built on pure price action logic and designed specifically for MetaTrader 4. With AJ Indicator, you’ll spot true support and resistance zones, breakout setups, and reversal patterns without guesswork… no martingale, no repaint, just clear, actionable signals. In this post, we’ll dive deep into what makes AJ Indicator MT4 a game changer, how to set it up, backtest results, and why it should be your next go-to trading companion.

Overview
AJ Indicator MT4 is a lightweight yet powerful EA add-on coded entirely in MQL4. Its core purpose? To transform raw price data into high-probability trading opportunities by applying proven price action algorithms. Unlike lagging moving averages or over-optimized systems, AJ Indicator reads market structure in real time—identifying swing highs, swing lows, and credible breakout points. It’s been fully back-tested over multiple currency pairs and timeframes, and live-market verified by countless users. The logic is straightforward: filter out noise, highlight only the strongest setups, and provide customizable alerts so you never miss a move. Whether you’re a scalper on M5 or a swing trader on H4, AJ Indicator adapts to your style.

Key Features
AJ Indicator MT4 comes packed with features that traders crave—no bloat, just efficiency:

• Real-time swing high/low detection


• Dynamic support and resistance zones


• Breakout and reversal signal arrows


• Customizable alert pop-ups, emails, and mobile notifications


• Non-repainting signals for end-of-bar confirmation


• No martingale, grid, or hidden risk controls


• Adjustable timeframes from M1 to Daily


• Built-in filter for spread and trading hours


• Multi-pair dashboard for simultaneous monitoring


• Lightweight code with minimal CPU load

 

 

Installation & Setup
Getting started with AJ Indicator MT4 is a breeze—coz we hate complexity as much as you do. First, download the ZIP file from the official FXCracked repository. Then:

1. Unzip the package and copy AJIndicator.ex4 into your MT4 Experts folder.


2. Copy any accompanying .tpl template files into the Templates directory.


3. Restart MetaTrader 4 to load the new indicator.


4. Open your preferred chart, right-click anywhere, choose “Indicators List,” then double-click AJ Indicator MT4.


5. In the settings panel, adjust the timeframe, alert preferences, and session filters. We recommend default settings for EURUSD on H1 to start—tweak later as you get comfy.


6. Click “OK” and watch the indicator draw its dynamic zones on your chart.

 

 

How to Use & Strategy Tips
AJ Indicator MT4 isn’t just another arrow-spam system… it’s a framework for building a price action edge. Here’s how to make the most of it:

• Trend Confirmation: Use higher-timeframe zones to confirm entries on lower timeframes. For instance, identify H4 support/resistance, then look for M15 breakouts within that zone.


• Pullback Entries: When a breakout fails and price returns to the broken level, AJ Indicator highlights potential reversal points—ideal for low-risk pullback trades.


• Risk Management: Never risk more than 1–2% per trade. Use the indicator’s zone boundaries to define logical stop-loss levels just beyond swing points.


• Multiple Timeframe (MTF) Setup: Attach AJ Indicator to two or three charts (e.g., H4, H1, M15) and align signals across timeframes for higher-probability setups.


• Filtering False Breakouts: Enable the built-in filter to ignore bars with spreads above a set threshold—this cuts down on fakeouts during news spikes.


• Backtesting Tips: Run the indicator in MT4’s strategy tester using “visual mode” to see real-time arrows and zones. Document win rate and average RR for at least 100 trades before risking real capital.

 

 

Backtest Results & Performance
In extensive backtests on EURUSD H1 from 2018–2024, AJ Indicator MT4 produced an average win rate of 62% and an average reward-to-risk ratio of 1.8:1. That translated into a simulated 35% account growth per year with a max drawdown of under 8%. Sample size? Over 1,200 trades. Live-market tests across multiple brokers corroborate those figures, with users reporting consistent performance on GBPUSD, AUDUSD, and USDJPY. The equity curve remains smooth—even in choppy conditions—thanks to the indicator’s strict confirmation rules and non-repainting logic. Check your broker’s spread and slippage assumptions when you test… results may vary, but the core edge holds strong.

Why Choose AJ Indicator MT4?
There are plenty of price action tools out there, but AJ Indicator stands out for three main reasons:

1. Simplicity: No flashy dashboards or confusing parameters—just the essential settings you need.


2. Reliability: Signals only generate at bar close, so you’ll never chase mid-bar noise.


3. Customization: You decide which timeframes, zones, and alerts matter… AJ Indicator adapts to you, not the other way around.

Support & Disclaimer
If you hit any hiccup or need tweaks, our support team is on standby. Reach out via the FXCracked support page or ping us in the community forum. Remember, past performance doesn’t guarantee future results. AJ Indicator MT4 is a tool, not a magic bullet. Always demo test before trading live, manage your risk responsibly, and never risk capital you can’t afford to lose.

⚡️Upgrade
Take your trading to the next level with AJ Indicator Pro—unlock advanced multi-timeframe alerts, custom zone coloring, and integrated trade journaling. Upgrade today at the FXCracked shop.