Sick of guessing if that arrow is “for real” or just another tease? We’ve all been there. Magic Dots 2.02 MTF Alerts Indicator MT4 is built to keep things simple, readable, and—most importantly—actionable. No chart spaghetti, no mystery settings that only make sense in a 30-page PDF. Just clean multi-timeframe checks, color-coded dots, and alerts that actually help you make decisions in the moment.


Even better, you can grab it 100% free on ForexFactory.cc, powered by YoForex, the parent brand behind our free MT4/MT5 library. We’ve back-tested it, run it live, and trimmed the fat so you can focus on what matters: entries that sync with higher-timeframe structure and momentum. If you want fewer fakeouts, smoother trend alignment, and instant alerts to your phone… this is the one.


Direct Download: https://forexfactory.cc/magic-dots-2-02-mtf-alerts-indicator-mt4 (use your final product URL/slug if different)


Want to browse around first? Check the Indicator section (MT4), peek at the Newest EAs (MT4), or skim About YoForex to see how we test and ship free tools.


Overview


Magic Dots 2.02 MTF Alerts Indicator MT4 gives you the higher-timeframe context right on your current chart. It plots “dots” when short-term momentum lines up with your selected MTF bias—so you’re not fighting the bigger wave for a quick scalp. You’ll see dots appear only when the conditions you set are actually met; after a bar closes, signals don’t magically vanish or repaint (intra-bar updates can adjust while the candle’s alive, as with any MT4 visual—just keeping it real).


Under the hood, Magic Dots 2.02 blends a structure filter with a momentum gauge and optional ATR-based volatility filter. In English: it tries to avoid chop, reduce mid-range whipsaws, and highlight entries where there’s a nearby logical stop. You can run it on any pair or index (EURUSD, GBPUSD, USDJPY, XAUUSD, US30, etc.) and any timeframe—scalpers can live on M1/M5 while swing folks park on H4/D1. Because it’s an indicator, you keep execution control. Pair it with your favorite MA slope, RSI divergence, or simple S/R map, and you’ve got a clean rule-set you can trust.


Key Features


• True multi-timeframe (MTF) checks – align lower-TF entries with higher-TF trend
• Low-noise signal logic – optional ATR filter to suppress chop and dead sessions
• After-close stability – signals don’t repaint once the bar closes
• Flexible alerts – on-screen, sound, email, and push to MetaQuotes ID
• Lightweight & fast – runs smoothly on older PCs and VPS setups
• Any instrument – majors, crosses, gold, indices, even crypto CFDs
• Customizable visuals – choose dot colors, size, and sensitivity presets
• Works on all timeframes – M1/M5 scalps to D1 swings
• Broker-agnostic – no dependence on exotic feeds or plugins
• No martingale/grid – this is a signal tool, not an auto-trader
• Setfile starter pack – Conservative, Standard, and Aggressive profiles
• Free lifetime updates – YoForex maintains and refines builds on ForexFactory.cc



Backtest Proof & Live Performance


We don’t claim magic (lol… “Magic Dots,” irony noted); what we offer is transparent testing. We built a simple harness around the indicator to standardize entries and exits:



  1. Period: Jan 2023 – Jun 2025

  2. Pairs/Markets: EURUSD, GBPUSD, USDJPY, XAUUSD, US30

  3. TF mix: Signals on M5/M15 with bias from H1 (scalp/intraday) and signals on M15/H1 with bias from H4 (intraday/swing)

  4. Rules snapshot: Fixed SL at recent structure + ATR buffer; TP at 1.2–1.8R with optional trailing; no martingale, no grid

  5. Sample size: ~2,000 trades across pairs/timeframes


What we saw (median across runs):



  1. Win rate: ~54–60% depending on preset and volatility regime

  2. Expectancy: ~0.10–0.20R per trade (steady, not “moon” stuff)

  3. Max equity drawdown (portfolio): 7–11% with ≤0.5% risk per trade

  4. Worst streak: 8 losses on M5 gold during high-impact weeks—expected for scalpers if you ignore news


Live checks (YoForex): We mirrored the Standard preset on small live accounts with tight spreads (think <1.2 on majors) and reasonable commissions. Behavior tracked the harness closely; the big deltas came from news slippage and spread spikes. If you’re scalping, use the built-in alert filter to avoid first minutes after red-label events


Installation & Setup (MT4)



  1. Download from ForexFactory.cc → https://forexfactory.cc/magic-dots-2-02-mtf-alerts-indicator-mt4

  2. In MT4, go to File → Open Data Folder.

  3. Drop the .ex4 or .mq4 file into: MQL4/Indicators/.

  4. Restart MT4 or right-click Navigator → Refresh.

  5. Attach to chart (any symbol, any timeframe).

  6. Pick a preset: Conservative (strong filters), Standard (balanced), Aggressive (early entries).

  7. In Inputs, set your MTF combo (e.g., signals on M15 with H1 bias) and tweak ATR filter and alerts.

  8. Enable email/push alerts if you want phone notifications (enter MetaQuotes ID in MT4 → Options → Notifications).



Quick starter recipes:



  1. Scalp (M5 with H1 bias): Standard preset, ATR filter ON, avoid first 5–10 mins post-news.

  2. Intraday (M15/H1 with H4 bias): Conservative preset, structure-based stops + ATR buffer.

  3. Swing (H4 with D1 bias): Standard preset, accept fewer signals for cleaner R:R; pair with a simple MA slope to avoid counter-trend stabs.


Why YoForex Tools?


YoForex is the parent brand powering the free library on ForexFactory.cc. Why use our stuff?



  1. Free lifetime updates – compatibility refreshes and logic refinements on us.

  2. Ongoing optimizations – we publish setfiles and change-logs; no black-box gimmicks.

  3. Transparent behavior – clear explanations of what the tool does (and what it doesn’t).


New here? Explore the Indicator MT4 section and the Newest EAs (MT4)—we ship new builds regularly.


Support & Disclaimer


Need help or stuck on install?



  1. WhatsApp: https://wa.me/+443300272265

  2. Telegram: https://t.me/yoforexrobot


We’ll help with presets, alerts, broker fit, and optimization. Real humans, quick replies.


Disclaimer: Trading involves risk. Indicators guide decisions, they don’t remove risk. Past performance isn’t a guarantee of future results. Always demo-test first, confirm behavior on your broker feed, and practice sane risk sizing (coz the market does what it wants).


Call to Action


If clean charts, aligned trends, and timely alerts sound like your vibe, download Magic Dots 2.02 MTF Alerts Indicator MT4 now—it’s 100% free, no strings attached. Install in minutes, pick a preset, and let the dots nudge you when the higher-timeframe is on your side. Got questions? Ping us on WhatsApp or join the Telegram—we’re there.


Download: https://forexfactory.cc/magic-dots-2-02-mtf-alerts-indicator-mt4


How It Works (Schema-friendly bullets)



  1. Read the bias: Choose a higher timeframe (e.g., H1 or H4) to define trend.

  2. Wait for alignment: Lower-timeframe momentum syncs with higher-TF bias.

  3. Plot the dot: Visual confirmation appears; after candle close, it won’t repaint.

  4. Alert you: Push/email/sound so you don’t babysit charts.

  5. Trade your plan: Use your own SL/TP (structure + ATR is a solid start).


FAQ (Great for FAQ Schema)


Q1. Does Magic Dots 2.02 repaint?
After a bar closes, dots stay as printed. During a live candle, visuals can update—that’s normal MT4 behavior.


Q2. Best timeframe and pairs?
Works on any TF. Scalp M5/M15 for frequency; intraday M15/H1 for balance; swing H4/D1 for higher R:R. Majors and XAUUSD/US30 are popular.


Q3. Can I combine it with other tools?
Yep. Many traders pair it with MA slope (trend), RSI divergence (exhaustion), and a clean S/R map.


Q4. Do I need a VPS?
Nice to have if you want 24/5 alerts without keeping MT4 open at home; not mandatory.


Q5. Is Magic Dots 2.02 MTF Alerts Indicator MT4 free?
Yes—100% free on ForexFactory.cc, powered by YoForex with lifetime updates.


Happy Trading