The Moving Average Crossover Trader indicator for Metatrader 5 delivers buy and sell trading signals that can be used for both trade entries and exits.
The indicator is a two-color line that appears in the main price chart.
It provides no-repaint trend signals that fit both beginners and seasoned currency traders.
How does it work?
- The yellow colored line marks a bullish market trend.
- The purple colored line marks a bearish market trend.
The following indicator inputs can be modified to suit your preferences: period, line style & color.
Please make yourself familiar with this solid technical indicator and test it first on a demo account until you fully understand how it works in both trending and sideways-moving markets.
It supports all time frames and Forex pairs.
Free Download
PercentageCrossover.mq5 Indicator (MT5)
Chart Example
The following chart shows what the Moving Average Crossover Trader indicator looks like when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Moving Average Crossover Trader Indicator?
Find a simple trading example below:
Buy Signal
- A buy signal is confirmed when the yellow colored line appears in the chart.
- Open a long transaction and place your stop loss below the most recent swing low region.
- Close the buy trade for a reward/risk ratio of at least 1.5, or wait for a bearish trend reversal signal.
Sell Signal
- A sell signal is confirmed when the purple colored line appears in the chart.
- Open a short transaction and place your stop loss above the most recent swing high region.
- Close the sell trade for a reward/risk ratio of at least 1.5, or wait for a bullish trend reversal signal.
