The Simple Horizontal Grid Indicator is a useful free Forex indicator for the MT4 platform. It works by plotting horizontal lines at predetermined points on the chart. The lines are determined by the trader’s entry, stop-loss, and take-profit levels. This makes it easy to identify potential entry and exit points, as well as areas of support and resistance. The Simple Horizontal Grid Indicator is a popular and free tool that can be used to improve trading accuracy and efficiency.