200 Period Moving Average Forex Indicator For MT4
The Moving Average Forex indicator for Metatrader 4 with period set to 200 is one of the most popular trend indicators used in Forex trading.
The 200 period Moving Average indicator let’s you quickly change the default 200 period to whatever period you like to use.
Moreover, you can choose from simple, exponential, linear weighted and smoothed MA.
Buy and sell trends from the 200 period Moving Average:
- A buy trend occurs when price trades above the 200 period MA.
- A sell trend occurs when price trades below the 200 period MA.
Tip: Often, traders use 2 moving averages to create a simple crossover trading system.
In this case:
- A buy trend occurs when the shorter MA crosses above the longer MA from below.
- A sell trend occurs when the shorter MA crosses below the longer MA from above.
Feel free to experiment with the indicator’s different parameters and settings to suit your preferences.
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200 Period Moving Average Forex Indicator Chart
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
You can apply the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Triggers With 200 Period Moving Average Technical Analysis Chart Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Open buy trade order when price crosses and closes above the blue Moving Average Forex indicator signal line.
Place stop loss below previous swing support, or use your own stop loss placement method.
Close the buy trade for a reward to risk 2.0:1 ratio or better, or use your own favorite take profit method.
Alternatively, close the buy trade for a fixed take profit target, for example, 15 pips on the 1-minute scalper chart.
Sell Trigger: Open sell trade order when price crosses and closes below the blue Moving Average Forex indicator signal line.
Place stop loss above previous swing resistance high, or use your own stop loss placement method.
Close the sell trade for a reward to risk 2.0:1 ratio or better, or use your own favorite take profit method.
Alternatively, close the sell trade for a fixed take profit target, for example, 80 pips on the 1-hour swing trading chart.
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Period, shift, method, colors, width, style.
The indicator can be used as a stand-alone signals indicator.
It can also be combined with:
- Trading oscillators (MACD, Stochastic, RSI,…)
- Trend indicators (Moving Average, Bollinger Bands, ADMI,…)
- Price action methods and techniques
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: trend
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.