Download Legacy Trader Indicators (Professional Trader) MetaTrader 4 | Forex Indicators Download - MT4/MT5 Resources

On July 6, 2025, in version 2, the indicator added alerts/notifications and signals functionality

The Legacy Trader indicator is designed to identify trend direction and market momentum in the MetaTrader 4 platform. This indicator uses dynamic lines, colored dots, and text display in the chart corners to indicate current market trends.

Using this indicator, you can determine the best entry and exit points. It also acts as a trailing stop , the area behind the dynamic line that is ideal for setting stop loss levels.

Legacy Trader Indicator Specification Sheet

The following table describes the specifications of the Legacy Trader indicator:

Indicator Overview

Trailing stop lines and points in the Legacy Trader indicator are drawn in two colors: light blue and purple .

The blue line represents an upward trend and the purple line represents a downward trend. It is worth noting that the starting point of each line can serve as a potential entry point for trading.

Uptrend

Looking at the 1-hour chart, cryptocurrency Bitcoin (BTC)’s trailing stop-loss starting point has formed at the two marked areas below the candle line.

In this case, the blue dot can be considered the entry point to buy, with the stop loss located below the trailing stop line.

Downtrend

According to the 1-hour AUD/USD chart, a purple dot appears above the candle, accompanied by a trailing stop moving in line with the downtrend.

In this setting, the marked area can be considered a suitable entry point for sell position .

Legacy Trader Indicator Settings

The image below shows the settings panel of the old version of the Trader indicator:

• ALERT: Enable or disable signal to alert
• EMAIL: Enable or disable email alerts when a signal occurs
• NOTIFICATION: Activate or deactivate push notifications
• MESSAGE_TIMEOUT: Duration (in seconds) that the alert message remains on the screen
• MESSAGE_SUBJECT: Alert title used to classify the signal
• Lookback: number of past candles used for indicator calculations
• Font Size: The font size of the text displayed in the corner of the chart

Conclusion

The Legacy Trader indicator uses colored dots and a text display to indicate market trend direction. Sky blue dots indicate an uptrend, while purple dots indicate a downtrend.

Additionally, the on-screen text reflects the current candle's strength. The combination of points and text enables reliable trade generation of entry signals .