Aura Neuron Indicator V1.0 MT4

Introduction

Aura Neuron Indicator V1.0 MT4 is a technical analysis tool developed for the MetaTrader 4 platform. It is designed to assist traders in identifying potential buy and sell opportunities by analyzing trend direction, momentum strength, and market volatility. Unlike automated trading systems, this indicator does not execute trades automatically. Instead, it provides visual signals to support manual trading decisions while allowing full control over risk management and trade execution.

Key Features

• Clear buy and sell signal markers
• Trend identification logic
• Momentum-based filtering
• Volatility-sensitive signal generation
• Multi-timeframe compatibility
• Customizable sensitivity settings
• Alert notifications (popup, sound, mobile push if enabled)
• Lightweight and optimized for MT4
• Suitable for scalping, intraday, and swing trading

Recommended Settings

While optimal settings depend on trading style, general recommendations include:

• Timeframes: M15 or M30 for intraday trading, H1 or H4 for swing trading
• Currency pairs: Major pairs such as EURUSD, GBPUSD, USDJPY
• Use medium sensitivity for balanced signal frequency
• Confirm signals with higher timeframe trend analysis
• Avoid trading during high-impact economic news
• Apply proper risk-to-reward ratio (minimum 1:1.5 or 1:2 recommended)

Always test the indicator on a demo account before using it on a live account.

Backtest Result

Since this is a manual indicator, backtest results depend on user-defined strategy rules. General observations may include:

• Better performance in trending market conditions
• Reduced accuracy during sideways or choppy phases
• Improved results when combined with support/resistance confirmation
• More consistent outcomes when disciplined risk management is applied

Performance varies depending on market conditions and trader execution.

Advantages

• Enhances chart clarity and reduces noise
• Improves entry timing precision
• Maintains full manual control over trades
• Suitable for both beginners and experienced traders
• Flexible across multiple timeframes
• Customizable parameters
• Supports disciplined trading behavior
• Compatible with most MT4 brokers

Disadvantages

• Not fully automated
• Possible false signals during ranging markets
• Requires disciplined risk management
• Performance depends on trader execution
• Sensitive to broker spread in lower timeframes
• No guaranteed profitability

Installation & Setup Guide

1. Download the Aura Neuron Indicator V1.0 file (.ex4 or .mq4).

2. Open MetaTrader 4.

3. Click File → Open Data Folder.

4. Open the MQL4 folder and then the Indicators folder.

5. Paste the indicator file into the Indicators folder.

6. Restart MT4.

7. Open your preferred currency pair and timeframe.

8. Drag the indicator from the Navigator panel onto the chart.

9. Adjust input settings according to your trading preference and click OK.

Support & Disclaimer

Support

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

WhatsApp: Click here

Telegram Group: Join our community

Disclaimer: 

Forex and gold trading involve risk. Past performance doesn't guarantee future results. Always test robots on demo before live trading and use proper risk management.