The MA Crossover Forex Sniper indicator for Metatrader 4 is a buy/sell signal arrow system based on the crossover of two moving averages.
Basically, the indicator will notify traders of trend changes by drawing buy and sell arrows on the main MT4 chart.
Just follow the signals as they become available on the chart; it’s that easy.
Buy & Sell Trade Example
- A blue colored arrow is a buy signal (bullish trend).
- A red colored arrow is a sell signal (bearish trend).
The indicator can be used for any trade style of your preference.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “MA_Crossover_Signal.mq4” indicator for MT4
Indicator Chart (USD/CHF M30)
The picture below shows the MA Crossover Forex Sniper mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the MA Crossover Forex Sniper indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Moving average
Does the indicator repaint? No.
MA Crossover Forex Sniper + RSI MA Signals Day Trading Strategy for MT4
This strategy combines the MA Crossover Forex Sniper Indicator for MT4 with the RSI MA Signals Oscillator for MT4 to create a structured day trading method.
The MA Crossover Forex Sniper indicator provides blue arrows for buy signals and red arrows for sell signals, indicating trend direction.
The RSI MA Signals Oscillator confirms entries with crossovers: a buy entry occurs when it crosses back above 30 from below, while a sell entry occurs when it crosses back below 70 from above.
Using these two indicators together ensures that trades are aligned with both trend and momentum.
Why this strategy works
By combining a trend-following indicator with a momentum oscillator, this strategy allows traders to enter trades in the direction of the prevailing trend while avoiding entries during weak or overextended market conditions.
The MA Crossover Forex Sniper identifies the overall trend, and the RSI MA Signals Oscillator confirms momentum, filtering out low-probability trades.
Buy Entry Rules
- Wait for the MA Crossover Forex Sniper indicator to display a blue arrow.
- Confirm that the RSI MA Signals Oscillator has crossed back above 30 from below.
- Enter a buy trade at the open of the next candle after both conditions are met.
- Place the stop loss below the most recent swing low or support level.
- Set take profit near the next resistance level or based on a risk-reward ratio of 1:2.
- Close the trade early if the MA Crossover Forex Sniper shows a red arrow or the RSI MA Oscillator crosses below 70 from above.
Sell Entry Rules
- Wait for the MA Crossover Forex Sniper indicator to display a red arrow.
- Confirm that the RSI MA Signals Oscillator has crossed back below 70 from above.
- Enter a sell trade at the open of the next candle after both conditions are met.
- Place the stop loss above the most recent swing high or resistance level.
- Set take profit near the next support level or based on a risk-reward ratio of 1:2.
- Close the trade early if the MA Crossover Forex Sniper shows a blue arrow or the RSI MA Oscillator crosses above 30 from below.
Advantages
- Combines trend signals with momentum confirmation for higher probability trades.
- Provides clear entry and exit rules for disciplined trading.
- Works well on multiple timeframes, particularly M15 and H1 charts.
- Suitable for major and cross currency pairs with sufficient liquidity.
- Visual signals reduce confusion and help maintain focus during trading sessions.
Drawbacks
- May produce delayed entries if momentum lags behind trend signals.
- False signals can occur during low volatility periods or consolidation phases.
- Requires monitoring two indicators simultaneously, which may be demanding for some traders.
- Performance may vary during high-impact news events or sudden market spikes.
Case Study 1 – EUR/USD H1
During the London session, EUR/USD displayed a blue arrow on the MA Crossover Forex Sniper while the RSI MA Signals Oscillator crossed back above 30 from below.
A buy trade was entered at 1.0855 with a stop loss at 1.0845 and a take profit at 1.0880.
The trade followed the trend and reached the target in approximately two hours, producing a 25-pip gain.
Both indicators aligned to provide a high-probability entry.
Case Study 2 – GBP/JPY H1
During the New York session, GBP/JPY showed a red arrow on the MA Crossover Forex Sniper while the RSI MA Signals Oscillator crossed back below 70 from above.
A sell trade was entered at 173.20 with a stop loss at 173.35 and a take profit at 172.80.
The trade reached the target within 90 minutes, resulting in a 40-pip gain.
Using both indicators together helped avoid premature entries during minor retracements.
Strategy Tips
- Use M15 or H1 charts for consistent intraday signals.
- Focus on liquid pairs like EUR/USD, GBP/USD, USD/JPY, and GBP/JPY for tighter spreads and reliable execution.
- Avoid trading during major economic news releases to reduce the risk of sudden volatility.
- Adjust stop loss and take profit levels according to market conditions and pair volatility.
- Follow both indicators strictly to maintain discipline and increase trade accuracy.
- Consider using additional support and resistance levels to enhance entry and exit precision.
This day trading strategy merges trend detection with momentum confirmation, offering a reliable approach to intraday trading with clear entries, controlled risk, and consistent opportunities for profit.
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Download the “MA_Crossover_Signal.mq4” indicator for Metatrader 4
