Unicorn and SFP Indicator for MT4: Automated entries with verified reversal signals

This Unicorn and SFP Indicator for MT4 review in 2026 focuses on the indicator’s real-world performance and provides a technical analysis grounded in liquidity concepts. The first part of the review examines how often identified Unicorn Zones coincide with statistically significant reversals, compares signal timing across M15 to H4 timeframes, and measures consistency against a 100-review sample with a 4.5/5 average rating. Performance metrics and analysis show strengths on liquid FX majors and lower reliability on thinly traded exotic pairs. What makes Unicorn and SFP Indicator for MT4 unique is the explicit overlap of breaker blocks and Fair Value Gaps to form a Unicorn Zone, combined with a Swing Failure Pattern filter. The algorithm calculates prior structure, identifies breaker block levels, scans for FVGs, and then marks zones where both conditions align. Signals are delivered visually with optional alerts and include suggested stop-loss bands derived from structural highs and lows. Mehnoosh Karimi designed the indicator with configurable sensitivity, allowing traders to prefer early entry bias or confirmation-based entries. Risk management in this review emphasizes clear position-sizing recommendations and a default stop approach based on zone width rather than fixed pips. Expected performance characteristics from backtests and limited live samples indicate a higher win rate on mean-reversion style setups, moderate trade frequency, and variability depending on timeframe and pair selection. The indicator works best in ranges and pullback scenarios and should be combined with trade management discipline for consistent results.