Hodrick-Prescott Channel Forex Indicator MT4

BESTMT4EA trades automatically & earns stable profit every day without big drawdown. Most Profitable Forex Robot & Forex EA.

Hurry and get 20% discounts

Coupon Code: bestmt4eacom



9 People watching this product now!

Payment Methods:

payment methods

Instant Download

Lifetime Access

Tired of choppy market movements messing with your trading flow? The Hodrick-Prescott Channel Forex Indicator for MT4 could be the smoothing tool you’ve been yearning for. Unlike traditional moving averages, this indicator isolates long-term trends, providing a clearer view of market direction. Buckle up as we dive into the ins and outs of the Hodrick-Prescott Channel and how it can supercharge your forex trading.

What is the Hodrick-Prescott Channel Indicator?

The Hodrick-Prescott Channel Indicator is a technical analysis tool built upon the Hodrick-Prescott Filter (HP Filter), a mathematical technique frequently used in economics to isolate long-term trends from cyclical fluctuations. In the realm of forex trading, it translates to visually smoother price action, making underlying trends significantly easier to spot.

 How Does the Hodrick-Prescott Channel Work?

Here’s the breakdown:

  1. Trend Component Calculation: The HP filter analyzes past price data to determine a smoothed trendline.
  2. Cycle Component Calculation: The filter finds the difference between actual prices and the calculated trendline, resulting in the cyclical component.
  3. Channel Formation: Upper and lower bands are constructed around the trendline, incorporating volatility for a dynamic channel.

Interpreting Hodrick-Prescott Channel Signals

The Hodrick-Prescott Channel reveals trends and potential trade setups with various signals:

  • Trend Identification: If the price remains within the channel, the prevailing trend is likely intact. An upward sloping channel suggests a bullish trend, a downward one represents a bearish trend.
  • Reversals: When the price breaks out of the channel, consider it a heads-up for a possible trend reversal.
  • Overbought/Oversold: Extreme price excursions beyond the channel’s bands may indicate overbought or oversold conditions.

 How to Trade Using the Hodrick-Prescott Channel Indicator

Here are a few strategies to get you started:

  • Trend-Following: Enter long trades when the price bounces off the lower channel boundary in an uptrend and go short when the price touches the upper boundary in a downtrend.
  • Breakout Trading: Enter trades when the price decisively breaks above or below the channel.
  • Scalping: Aim for quick profits from minor price movements within the channel.

Advantages of the Hodrick-Prescott Channel

  • Trend Clarity: Offers clear visual representation of dominant trends
  • Flexibility: Works well across various timeframes
  • Reduced Noise: Effectively filters out market chop and whipsaws

 Limitations of the Hodrick-Prescott Channel

  • Potential Lag: As with most smoothing indicators, there can be some lag in signal generation.
  • False Signals: Reliance solely on the indicator can lead to occasional false signals.

 Combining the Hodrick-Prescott Channel with Other Indicators

To mitigate limitations and enhance trade confirmations, combine the HP Channel with:

  • RSI or Stochastic Oscillator: Identify overbought/oversold zones
  • MACD: Confirm trend momentum shifts

FAQs (With Schema Markup)

  • Q1: Where do I find the Hodrick-Prescott Channel Indicator for MT4?
  • A1: Look on popular platforms like the MQL5 Marketplace.
  • Q2: What are the best settings for the indicator?
  • A2: Experiment! Setting depend on your individual style and timeframes.
  • Q3: Does the indicator repaint?
  • A3: Some versions may have minor repainting on the current candle.
  • Q4: Can I use this for all currency pairs?
  • A4: Yes, but test across different pairs first.
  • Q5: Is it better than regular moving averages?
  • A5: It depends. It excels at highlighting long-term trends but may lag.
  • Q6: Is it suitable for beginners?
  • A6: Its visual simplicity helps, but always practice thoroughly first.

Conclusion The Hodrick-Prescott Channel Indicator is a valuable tool to smooth out price action and enhance your trend-following strategies. Always combine it with other indicators, sound risk management, and plenty of practice for best results.


There are no reviews yet.

Be the first to review “Hodrick-Prescott Channel Forex Indicator MT4”

Onetime Payment

Pay once, use forever. No need for monthly subscription.

Lifetime Access

You will get lifetime access to download from the dashboard.

Multiple Accounts

You will get unlimited version to use on multiple accounts.


Automated System

Opens, manages, and closes the best trades for you. No need to lift a finger.

Great Trading Strategy

Plots chart price in real time to find the best entry and exit points with no lag.

Fully Optimized Settings

Comes loaded with optimized settings for all common forex pairs.

Real Time Broker Shield™

Keeps shady brokers from trading against you by guarding your trade information.

Most Popular Forex Robot

The #1 choice of professional forex traders using expert advisors.

Simple To Setup And Use

Designed for any skill level. Get up and running in less than 5 minutes.

profit man
shop with confidence
Pay Once Use Forever. Lifetime Access with Multiple Accounts.
Hurry! Special Discount is only available for first 50 orders.

90 Days Money Back Guarantee

Offer will End & Price will go up very soon. If you want consistent profit, do not think, Just click the Buy Now button.

Best Forex Brokers

Based on regulation, award recognition, mainstream credibility, and overwhelmingly positive client feedback, these six brokers stand out for their sterling reputations:

NoBrokerMin. DepositPlatformsAccount TypesGet Offer
1.RoboForex$10MT4, MT5, RTraderStandard, Cent, Zero SpreadWelcome Bonus $30
2.ICMarkets$200MT4, MT5, CTraderStandard, Zero SpreadBest Paypal Broker
3.Exness$1MT4, MT5Standard, Cent, Zero SpreadFree VPS
4.XM$5MT4, MT5Standard, Micro, Zero Spread20% Deposit Bonus
5.AvaTrade$100MT4, MT5Standard, Cent, Zero SpreadTop Forex Broker
6.XBTFX$10MT4, MT5Standard, Zero SpreadBest USA Broker
7.FXTM$10MT4, MT5Standard, Micro, Zero SpreadWelcome Bonus $50
8.FBS$5MT4, MT5Standard, Cent, Zero Spread100% Deposit Bonus
9.Binance$10Binance PlatformsN/ABest Crypto Broker
10.TradingViewFreeTradingViewN/ABest Trading Platform

Make Smarter Investments with Expert Guidance

Tired of managing your investments alone? At Finance Brains, we do the heavy lifting – so you can focus on what matters. Our expert advisors and AI-powered technology work together to create a custom portfolio tailored to your unique goals and risk tolerance.



The foreign exchange market (forex, FX, or currency market) is a worldwide decentralized over-the-counter financial market for the trading of currencies. The foreign exchange market is the largest and most liquid financial market in the world. Traders include large banks, central banks, currency speculators, corporations, governments, and other financial institutions. The average daily volume in the global foreign exchange and related markets is continuously growing. Daily turnover was reported to be over US $3.98 trillion in April 2010 by the Bank for International Settlements.

Expert Advisors (EA) / Forex Robot are used to render the trading process automatic allowing to exempt the trader from continuous watching the market. Many professional traders have a big amount of trading systems allowing them to work in different markets and under different conditions. EA is robotic script written in MQ4 language. It can work in the Metatrader 4 trading platform.

Yes it is easy to use. Forex Robot is based on a new generation technology that allows you with a few clicks to install, run and start earning money. No need to be professional. Everyone can do it. It is completely hands free and the whole process is 100% automated.

Yes it is too easy. Just a few steps and you will be ready to use Forex Robot. You will also get a guide when you purchase any Forex Robot, it will help you to install EA. If you still need any help please contact with us.

Yes Forex Robot can work 24 hours per day from the market opening on Monday to the market closing on Friday. You don’t need to monitor you trades. Our Forex Robot will do it for you. It will monitor the trades, open and close positions automatically.

MT4 is a free trading platform. You can download it from the official web sites of your broker. Here is the list of most popular brokers.

First you need a computer with a minimal hardware configuration and a stable internet connection. Second you need to install Metatrader 4 trading platform. You don’t need to have any additional Forex knowledge.

You can use any broker that offers the Metatrader 4 trading platform. But for Best Result we suggest you to trade with most popular brokers.

You can use Forex Robot with Multiple Accounts. There is no restrictions.

You don’t need to trade yourself. Just turn on Forex Robot and let it trade using your account to bring some profit for you. Of course you can trade manually too. But we recommend that you use only Forex Robot to avoid any loss.

Yes we offer free updates of our robot. Our development team will not stop improving of the Forex Robot and make it competitive on the market under actual market conditions.

We know that the money is the main question. We know well that many people don’t have much money to get started. Our robot is made to be able to trade with a minimum amount of money. The minimum amount depends to your brokerage company too. You can start trading with a small amount as $50.

Every Forex Robot is unique. Please check the guide before trading. If you don’t understand which one is suitable please contact us.

Yes we provide customer support. Our support team is working 24/7 for you. If you have any questions about our robot don’t hesitate to contact us.

Yes you can use. Please Backtest before using it in a real trading. Or use Demo Trade for at least one month with your broker spread and proper balance. Never use in live trading with any pair without demo testing. It is always better to invest time before losing any money.

We recommend to have a stable internet connection and computer hardware, working without interruptions 24 hours a day from the Forex market opening on Monday to the market closing on Friday. Crypto market is open everyday 24×7.

If you can’t keep your PC / Laptop on 24 hours a day so better choice is to get a vps service.

Robot will stop working. You must have to start the robot as soon as possible. Otherwise your running trades will not be closed and it may occur big draw down.

We accept payments by Neteller, Skrill, Bitcoin, Perfect Money, Paypal, MasterCard & Visa. If you don’t have any Paypal you can select custom method during checkout & pay manually.

You have to fulfill only three easy steps to get special discount. Please check the details here.

After completing the successful payment, you will get instant download option from the Dashboard. Please click here to get your download link.

How to Place Order

In order to do download any of our premium trading tools,
Proceed to the Product page;
Scroll down to see the ADD TO CART button, click on it and proceed to the checkout page.

In checkout page;
First apply your discount code if you have any; then fill out the form.
Then select your payment method.
We are now accepting PayPal, Visa, Master Card, Bitcoin, Neteller, Skrill, Perfect Money, Google Pay & Bank Transfer.

Tick Terms & Conditions Box & Click Place Order.

Complete the payment.


How To Download

After Completing the Payment you will be able to download Expert Advisor and Indicator from dashboard. Please check Download Folder. If you paid manually please contact immediately. Admin will update the order and then you will get download option in the dashboard.

How To Install EA

After completing the download in your computer or laptop you have to extract the file using WinZip software. Please check How do I Install an Expert Advisor on MT4 article or check the following video.


Verified Performance