The Triple EMA Forex System MT4 indicator is an exponential moving averages signals indicator developed to benefit from trending markets.
It’s composed of 3 exponential moving averages with different period settings.
The indicator will draws a buy or sell arrow on the chart each time the two shorter-term moving averages cross each other.
It keeps you always in the most profitable trend with the help of the yellow longer period EMA.
It’s advised to trade the buy/sell arrow signals in the direction of the yellow longer-term EMA.
Just load the Triple EMA Forex System indicator onto the Metatrader 4 chart and start trading with it in minutes.
- A buy trend occurs when all 3 EMA’s are pointing to the upside.
- A sell trend occurs when all 3 EMA’s are pointing to the downside.
- Very popular technical Forex indicator.
- Easy to trade, even for absolute beginners.
- Works for all pairs and time frames.
Feel free to explore the Triple EMA Forex System indicator’s different parameters and settings to create your own personalized indicator setup.
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Indicator Example Chart (AUD/CHF 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 Triple EMA Forex System MT4 Indicator
Buy Signal: Execute a buy trade order when the green buy arrow appears on the chart and the blue and red EMA’s are both positioned above the yellow colored EMA.
Place your stop loss slightly below the previous swing low or consolidation area, or use your own favorite stop loss method.
Close the Triple EMA buy trade when a red arrow appears on the MT4 chart..
Alternatively, close the buy trade for a fixed profit target of your preference.
Sell Signal: Execute a sell trade order when the red sell arrow appears on the chart and the blue and red EMA’s are both positioned below the yellow colored EMA.
Place your stop loss slightly above the previous swing high or consolidation area, or use your own favorite stop loss method.
Close the Triple EMA sell trade when a green arrow appears on the MT4 chart..
Alternatively, close the sell trade for a fixed profit target of your preference.
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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.