4 EMA’s Forex Trend Indicator For MT4

The 4 EMA’s Forex Trend indicator for MT4 is a profitable trend-following indicator that’s composed of 4 exponential moving averages.

It’s a complete Forex trading solution that can be traded as a standalone tool or combined with additional technical oscillators to pinpoint trade entry more accurately.

Most traders prefer to trade the 4 EMA’s indicator as a standalone due to its simplicity.

Moreover, the overall trading results achieved with the 4 EMA’s Forex indicator aren’t bad at all.

Just load the 4 EMA’s Forex Trend indicator onto the Metatrader 4 chart and start trading with it in minutes.

Key Takeaways

  • Price below the 4 EMA’s indicator indicate a strong downtrend.
  • Price above the 4 EMA’s indicator indicate a strong uptrend.
  • Very popular Forex indicator.
  • Utilize for scalping, day trading and swing trading.

Feel free to explore the 4 EMA’s Forex Trend indicator’s different parameters and settings to create your own personalized indicator setup.

Download This MT4 Forex Indicator Free

Download the “ema-trend-indicator.ex4” Metatrader 4 indicator

Indicator Example Chart (EUR/USD M15 Chart Example)

Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.

Finding Buy and Sell Triggers With The 4 EMA’s Forex Trend MT4 Indicator

Buy Signal: Go long when the candlestick rises above all 4 EMA’s and the 2 shorter-term EMA’s are positioned above the 2 longer-term EMA’s.

Place your stop loss 3 pips below the previous swing low (support), or use your own favorite stop loss method.

Close the buy trade when a sell signal arrives on the chart.

Alternatively, exit the buy trade for a reward/risk ratio of 2.0 or better.

Sell Signal: Go short when the candlestick falls below all 4 EMA’s and the 2 shorter-term EMA’s are positioned below the 2 longer-term EMA’s.

Place your stop loss 3 pips above the previous swing high (resistance), or use your own favorite stop loss method.

Close the sell trade when a buy signal arrives on the chart.

Alternatively, exit the sell trade for a reward/risk ratio of 2.0 or better.

Download This Forex Indicator Now

Download the “ema-trend-indicator.ex4” MT4 indicator

Input Parameters

Fast MA period, slow MA period, colors, width, style.

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

Installation

Copy and paste the indicator in the MT4 indicators data folder.

Then restart the MT4 terminal and attach it to any chart.

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