The FX Mah Reversals indicator for the Metatrader 4 platform predicts Forex trend reversals with the help of a simple moving averages system.
The indicator consists of two moving averages that show you when to enter and exit the currency trade.
The FX Mah Trend Reversal indicator appears on the MT4 activity chart in the form of two colored moving averages lines.
The signals from this indicator are easy to interpret, even for absolute beginners.
For scalping and day trading pairs, I suggest to use the FX Mah indicator during the European and American trading sessions.
Just load the FX Mah Reversals indicator onto the chart and start trading with it in minutes.
- A buy signal occurs when the red colored moving average crosses above the green colored moving average.
- A sell signal occurs when the red colored moving average crosses below the green colored moving average.
- Works on any MT4 instrument and time frame.
- Works best in trending markets.
Feel free to explore the FX Mah Reversals Forex indicator’s different parameters and settings to create your own personalized indicator setup.
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Indicator Chart (EUR/USD 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 FX Mah Reversals MT4 Indicator
Buy Signal: Initiate a buy trade as soon as the red colored FX Mah moving average crosses the green colored MA upwards.
Set your stop loss below previous swing low support, or use your own favorite stop loss strategy.
Exit the buy trade for a fixed price target of your preference, or wait until you get an opposite sell signal.
Alternately, apply your own take profit strategy to close the buy trade.
Sell Signal: Initiate a sell trade as soon as the red colored FX Mah moving average crosses the green colored MA downwards.
Set your stop loss above previous swing high resistance, or use your own favorite stop loss strategy.
Exit the sell trade for a fixed price target of your preference, or wait until you get an opposite buy signal.
Alternately, apply your own take profit strategy to close the sell trade.
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Moving average, moving average 2, mode, period, applied price, colors, levels, visualization.
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 reversal
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.