Exponential Moving Average Metatrader 4 Forex Indicator
The Exponential Moving Average Metatrader 4 Forex indicator is one of the most popular trend trading indicators among currency traders.
It’s used as a standalone trading solution or combined with other technical indicator to built a trading system or strategy.
The most commonly used EMA periods include: 5, 12, 25, 50, 100 and 200.
The buy and sell EMA indicator trading rules are very simple to understand for anyone.
Generally speaking, when price is trading below the exponential moving average, the trend is down.
Likewise, when price is trading above the exponential moving average, the trend is up.
Just load the Exponential Moving Average indicator onto the Metatrader 4 chart and start trading with it in minutes.
- One of the most popular Forex trend trading indicators.
- Easy to understand, simple to use.
- Often used in trading strategies and systems.
- Works for all currency pairs and time frames.
Feel free to explore the Exponential Moving Average indicator’s different parameters and settings to create your own personalized indicator setup.
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Indicator Example Chart (AUD/JPY M30 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 Exponential Moving Average MT4 Indicator
Buy Signal: Open a buy trade position when the candlestick closes above the Exponential Moving Average from below. The trend is now up.
Place your stop loss slightly below the previous swing low, or use your own favorite stop loss method.
Close the buy trade when price closes back below the EMA.
Alternatively, exit the buy trade for a reward/risk ratio of 1.5 or better.
Sell Signal: Open a sell trade position when the candlestick closes below the Exponential Moving Average from above. The trend is now down.
Place your stop loss slightly above the previous swing high, or use your own favorite stop loss method.
Close the sell trade when price closes back above the EMA.
Alternatively, exit the sell trade for a reward/risk ratio of 1.5 or better.
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MA period, MA shift, set price, 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.