6 Moving Averages Forex System Indicator For Metatrader 4

The 6 Moving Averages (6 MA’s) indicator for MT4 is a complete Forex trading system based on 6 different moving averages.

It combines short-term, medium-term and longer-term moving averages.

All moving averages combined together form a typical crossover Forex system that works.

  • A buy trend occurs when all moving averages are aligned up. The short-term moving averages are aligned above the medium-term and longer-term moving averages AND the medium-term moving averages are also aligned above the longer-term moving averages.
  • A sell trend occurs when all moving averages are aligned down. The short-term moving averages are aligned below the medium-term and longer-term moving averages AND the medium-term moving averages are also aligned below the longer-term moving averages.

Feel free to experiment with the Moving Average periods.

This Metatrader 4 indicator can be used for scalping (M1, M5), day trading (M5, M15, M30) and swing trading (H1, H4, D1).

Download This MT4 Forex Indicator Free

Download the “6-moving-averages.ex4” Metatrader 4 indicator

6 Moving Averages Forex System 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 6 Moving Averages Forex System Technical Analysis Chart Indicator

Below is an example of how to buy and sell currency pairs with this Forex indicator:

Buy Trigger: Buy the Forex pair when all 6 Moving Averages are aligned up (short MA’s above medium MA’s and long MA’s + medium MA’s above long MA’s)

Place a stop loss below the longer-term moving average, or use your own stop loss strategy.

Aim for reward/risk 1.5:1 ratio or better, or deploy your own take profit strategy.

Sell Trigger: Sell the Forex pair when all 6 Moving Averages are aligned down (short MA’s below medium MA’s and long MA’s + medium MA’s below long MA’s)

Place a stop loss above the longer-term moving average, or use your own stop loss strategy.

Aim for reward/risk 1.5:1 ratio or better, or deploy your own take profit strategy.

Download This Forex Indicator Now

Download the “6-moving-averages.ex4” MT4 indicator

Adjustable Parameters

MA1 period, MA2 period, MA3 period, MA4 period, MA5 period, MA6 period, colors, width, style.

Usage

The indicator can be used as a stand-alone signals indicator.

It can also be combined with:

  • Trading oscillators (MACD, Stochastic, RSI,…)
  • 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

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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