HiLo Marker4: Precision MT4 Indicator for Accurate Pivot Detection and Improved Entries

This HiLo Marker4 review for 2026 examines indicator behavior, live and backtested performance, and practical trading analysis to determine real-world utility. HiLo Marker4 stands out from standard fractal tools by using a centered distance window that effectively shifts the pivot calculation by half the distance, reducing late or spurious signals and focusing on structurally meaningful highs and lows on MT4 charts. The review compares backtest runs on EURUSD and GBPUSD, and sample live runs on a 0.01 lot account to highlight differences between optimized and default settings. The algorithm calculates extremums by evaluating a symmetrical neighborhood around each bar, which means pivots are marked only when the center bar is the local extreme within the window. This approach filters short spikes and emphasizes moves that represent genuine structure changes. HiLo Marker4 includes adjustable parameters for distance, lookback range, and alert modes so traders can tune signal frequency. It performs best in trending conditions and on higher timeframes such as H4 and daily where noise is lower and pivot validity is stronger. In choppy, low-volatility ranges the indicator will still mark pivots but requires stricter confirmation to avoid false entries. Risk management is external to the indicator and relies on how a trader pairs pivot signals with stop placement and position sizing. Expected performance characteristics include moderate win rate with higher average win/loss ratio when combined with momentum confirmation. HiLo Marker4 is not a complete EA but a precision extremum navigator that simplifies pivot identification and supports disciplined trading decisions on MT4.