The 4 MA’s Trend MT4 forex indicator draws buy and sell signal bars in a separate window based on the crossover of 4 moving averages with different periods.
It’s a trend-following trading indicator.
Green bars for an up trending market, red bars for a down trending market and yellow bars for a flat market.
This indicator can be used for scalping, day trading, swing trading and position trading on any currency pair for your chosen timeframe.
The indicator is beginner friendly and self explanatory.
Free Download
Download the “4mas-trend-indicator.mq4” MT4 indicator
Indicator Chart (GBP/USD H1)
The GBP/USD H1 chart below displays the 4 MA’s Trend forex indicator in action.
Basic Trading Signals
Signals from the 4 MA’s Trend indicator are easy to interpret and goes as follows:
Buy Trade: Open buy trade at the first green histogram bar.
Sell Trade: Open sell trade at the first red histogram bar.
Close the open trade at an opposite signal (green to red or red to green), or use your own method of trade exit.
Tip: Do not open new trades at the yellow bars, it means the market is ranging. Just wait for green or red bars to enter new trades.
4 MAs Trend and Cougar MT4 Forex Strategy
This MT4 forex strategy combines the trend clarity of the 4 MAs Trend Metatrader 4 Forex Indicator with the trade entry signals of the Cougar Forex Indicator MT4.
The 4 MAs Trend indicator uses color‑coded bars to show market bias: green bars indicate bullish conditions, red bars show bearish conditions, and yellow bars suggest neutral, sideways conditions.
The Cougar indicator adds blue arrows for buy entries and red arrows for sell entries.
This strategy helps traders enter when the trend and entry signals align.
It works best on M15 and H1 timeframes where trends are more reliable and less noisy.
The rules are designed to filter out random signals in choppy markets by only taking entries when both trend direction and timing indicators agree.
This approach is suitable for beginner and intermediate traders who want a clear, rule‑based system without guessing.
Buy Entry Rules
- The 4 MAs Trend indicator must display green bars, indicating bullish momentum.
- The Cougar Forex Indicator must show a blue arrow, signaling a buy entry.
- Enter a buy trade at the close of the candle where the blue arrow appears while the 4 MAs Trend bars remain green.
- Place the stop loss a few pips below the most recent swing low or below nearby support.
- Exit the trade when the 4 MAs Trend bars turn red or a red arrow appears from the Cougar indicator.
Sell Entry Rules
- The 4 MAs Trend indicator must display red bars, indicating bearish momentum.
- The Cougar Forex Indicator must show a red arrow, signaling a sell entry.
- Enter a sell trade at the close of the candle where the red arrow appears while the 4 MAs Trend bars remain red.
- Place the stop loss a few pips above the most recent swing high or above nearby resistance.
- Exit the trade when the 4 MAs Trend bars turn green or a blue arrow appears from the Cougar indicator.
Advantages
- Combines trend direction with precise entry arrows to improve trade quality.
- Simple visual cues make it easy to identify tradable setups quickly.
- Works well on common timeframes like M15 and H1, balancing signal quality with time efficiency.
- Reduces emotional trading by relying on clear indicator alignment rules.
- Helps stay in moves longer by exiting only when trend changes or opposite signals appear.
Drawbacks
- Neutral or sideways markets with frequent yellow bars can delay or reduce trade signals.
- Signals may lag during rapid trend reversals.
Case Study 1 – EURGBP M15
On the EURGBP M15 chart, the 4 MAs Trend indicator displayed persistent green bars during an up move.
Soon after, the Cougar Forex Indicator printed a blue arrow.
A buy trade was entered at the close of the signal candle with the stop loss placed a few pips below recent support.
Price continued upward for several candles while the trend remained bullish.
The trade was closed when the 4 MAs Trend bars turned red, capturing 22 pips as the market shifted direction.
Case Study 2 – AUDJPY H1
On AUDJPY in the H1 timeframe, red 4 MAs Trend bars appeared as bearish momentum strengthened.
Shortly thereafter, the Cougar indicator displayed a red arrow.
A sell trade was entered at the close of the signal candle, with the stop loss placed just above the recent resistance zone.
Price continued lower as bearish bars remained consistent.
The trade was exited when a blue arrow appeared from the Cougar indicator, capturing 48 pips in profit as the market began a corrective bounce.
Strategy Tips
- Avoid trading when the 4 MAs Trend indicator shows yellow bars, as this often indicates indecision or weak direction.
- Use higher timeframe trend confirmation, such as checking H4 first, before taking setups on M15 to improve overall probability.
- Place stop losses just beyond recent price highs or lows to account for normal volatility rather than arbitrary pip distances.
- Be patient and wait for both the trend bars and Cougar arrows to align before entering.
- Consider using pending orders when the trend is strong to catch the move early.
- Monitor major economic news releases to avoid erratic price spikes that can trigger stops prematurely.
Download Now
Download the “4mas-trend-indicator.mq4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern
Customization options: Variable (Ma1_Value, Ma2_Value, Ma3_Value, Ma4_Value, Mode) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Signals
