About This Indicator

Tradable Currency pairs: Any

Trading Platform: MT5

Time frames: M1, M5, M15, M30, H1, H4, D1, W1

Indicator Type: trend

The 4 EMA’s Forex Trend indicator for MT5 is a profitable trend-following indicator that’s composed of 4 exponential moving averages.

It’s a complete Forex trading solution that can be traded as a standalone tool or combined with additional technical oscillators to pinpoint trade entry more accurately.

Most traders prefer to trade the 4 EMA’s indicator as a standalone due to its simplicity.

Moreover, the overall trading results achieved with the 4 EMA’s Forex indicator aren’t bad at all.

Just load the 4 EMA’s Forex Trend indicator onto the Metatrader 4 chart and start trading with it in minutes.

Key Takeaways

• Price below the 4 EMA’s indicator indicate a strong downtrend.

• Price above the 4 EMA’s indicator indicate a strong uptrend.

• Very popular Forex indicator.

• Utilize for scalping, day trading and swing Buy and Sell Triggers With The 4 EMA’s Forex Trend MT4 Indicator

  Buy Signal: Go long when the candlestick rises above all 4 EMA’s and the 2 shorter-term EMA’s are positioned above the 2 longer-term EMA’s.

  Place your stop loss 3 pips below the previous swing low (support), or use your own favorite stop loss method.

  Close the buy trade when a sell signal arrives on the chart.

  Alternatively, exit the buy trade for a reward/risk ratio of 2.0 or better.

  Sell Signal: Go short when the candlestick falls below all 4 EMA’s and the 2 shorter-term EMA’s are positioned below the 2 longer-term EMA’s.

  Place your stop loss 3 pips above the previous swing high (resistance), or use your own favorite stop loss method.