The EMA Begashole Forex indicator is based on 2 EMA’s with period set to 144 & 169 and transforms all price data into 1 easy to trade blue signal line.
The indicator works for any trade style and currency pair.
Key Takeaways
- Price above the EMA Begashole indicator represents an uptrend.
- Price below the EMA Begashole indicator represents a downtrend.
- Very easy to trade, even for beginners.
Learn below how to open buy and sell trades with the EMA Begashole MT4 indicator.
Free Download
Download the “begashole-indicator.ex4” Metatrader 4 indicator
Indicator Example Chart
Here’s an example (EUR/USD H1 chart) of how the indicator should look like when loaded onto the Metatrader 4 chart.
Attach the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Signals With The EMA Begashole MT4 Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Go long when price closes above the EMA Begashole blue signal line from below. The trend is now upward.
Place stop loss 5 pips below the most recent swing low, or use your own favorite SL method.
Exit the buy trade when a sell signal appears on the chart or close the buy trade for a reward/risk ratio of 1.5 or better.
Sell Trigger: Go short when price closes below the EMA Begashole blue signal line from above. The trend is now downward.
Place stop loss 5 pips above the most recent swing high, or use your own favorite SL method.
Exit the sell trade when a buy signal appears on the chart or close the sell trade for a reward/risk ratio of 1.5 or better.
Download This Forex Indicator
Download the “begashole-indicator.ex4” MT4 indicator
Adjustable Parameters
Hole 1 EMA period, hole 2 EMA period, color, width, style.
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
Usage
The indicator can be deployed as a standalone trading system or strategy.
It can also be combined with trend indicators, oscillators and price action strategies.
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.
