EMA Crossover Signal Forex Indicator For Metatrader 4
The EMA Crossover Signal Forex indicator for Metatrader 4 is composed of 2 EMA’s that generate buy/sell trading signals on autopilot.
The principle is easy to understand.
Every time the shorter exponential moving average crosses above/below the longer exponential moving average, a buy or sell arrow gets printed on the MT4 chart.
It’s one of the most used trading indicators among Forex traders!
Tip: play with both EMA’s period values (input settings). It will create different buy/sell signals on the chart.
Just load the 4 EMA’s Forex Trend indicator onto the Metatrader 4 chart and start trading with it in minutes.
- A green EMA crossover arrow represents a buy signal.
- A red EMA crossover arrow represents a sell signal.
- Very popular Forex trend signal indicator.
- Utilize for scalping, day trading and swing trading.
Feel free to explore the EMA Crossover Signal Forex indicator’s different parameters and settings to create your own personalized indicator setup.
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Indicator Example Chart (EUR/USD H1 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 EMA Crossover Signal Forex MT4 Indicator
Buy Signal: Go long whenever a green EMA crossover arrow gets printed on the chart. The overall trend is now upward.
Place your stop loss 3 pips below short-term support or consolidation area, or use your own favorite stop loss method.
Close the buy trade when an opposite sell arrow gets printed on the trading chart.
Alternatively, exit the buy trade for a reward/risk ratio of 1.5 or better.
Sell Signal: Go short whenever a red EMA crossover arrow gets printed on the chart. The overall trend is now downward.
Place your stop loss 3 pips above short-term resistance or consolidation area, or use your own favorite stop loss method.
Close the sell trade whenever an opposite buy arrow gets printed on the trading chart.
Alternatively, exit the sell trade for a reward/risk ratio of 1.5 or better.
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Faster EMA period, slower EMA 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.