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.
- 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.
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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.
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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
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.