The Guppy Multiple Moving Average Signal indicator for mt4 (Metatrader 4) transforms the Guppy into an easy-to-trade buy and sell signals indicator.
The indicator pops up in the main MT4 chart window as a colored trend-following signal line.
Buy & Sell Trade Example
- A buy signal occurs whenever the blue signal line pops up on the chart.
- A sell signal occurs whenever the orange signal line pops up on the chart.
The indicator can help to pinpoint your next trade entry and exit in the direction of the major trend.
It can also be used as an additional trend confirmation filter for other strategies and systems.
Free Download
Download the “guppy-mulitple-moving-average-short.mq4” indicator for MT4
Indicator Chart (EUR/USD Daily)
The example chart below displays the Guppy Multiple Moving Average Signal mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Guppy Multiple Moving Average Signal 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: Trend
Does the indicator repaint? No.
Guppy MA + Free Forex Scalper Scalping MT4 Strategy
This simple MT4 scalping strategy combines the Guppy Multiple Moving Average Signal(MT4) and the Free Forex Scalping Indicator (MT4) for fast, repeatable trades on M1 and M5 charts.
It works because the Guppy multiple moving average shows the short-term directional bias while the scalping indicator times entries with its histogram pulses.
Use it if you want short, disciplined trades with clear risk controls.
Recommended for experienced beginners and intraday scalpers who can watch the screen for quick exits.
Timeframes and pairs
Use M1 for very quick scalps and M5 for slightly longer scalp attempts. Choose majors with low spreads like EURUSD, GBPUSD, and USDJPY. Avoid exotic pairs during the news.
Risk profile
Risk is small per trade. Aim for 0.5–1.0% of the account per trade. Use tight stop losses and accept smaller wins repeated many times.
Buy Entry Rules
- Guppy line is blue (bullish). Visit the Guppy indicator here: Guppy Multiple Moving Average Signal (MT4).
- The free Forex scalping indicator histogram turns green and shows a fresh bar in the direction of the move.
- Enter the market on the close of the confirming candle (M1 or M5, depending on your chart).
- Stop loss: place 6–12 pips on M1, 10–20 pips on M5, or just beyond the recent swing low.
- Take profit: target 6–15 pips on M1, 12–30 pips on M5.
- Consider trailing the stop to lock profits once the trade moves in your favor by 1:1.
Sell Entry Rules
- Guppy line is orange (bearish). Use the Guppy indicator link above.
- The free Forex scalping indicator histogram turns red and prints a new red bar.
- Enter on the close of the confirming candle.
- Stop loss: 6–12 pips on M1, 10–20 pips on M5, or above the recent swing high.
- Take profit: 6–15 pips on M1, 12–30 pips on M5.
- Use a trailing stop after the trade reaches breakeven plus a few pips.
Advantages
- Clear, rule-based entries reduce hesitation.
- Works on very short timeframes for many trade opportunities.
- Two independent filters lower false signals.
- Easy to backtest and adapt to volatility by adjusting SL/TP.
Drawbacks
- Small targets mean profits depend on volume and win rate.
- Spread and commissions can eat returns on very short timeframes.
- Requires focus — not suitable for passive traders.
Case Study 1 — EURUSD, M1, quick long
Market context: Guppy turned blue on the 09:15 candle. The scalping indicator printed a fresh green histogram bar on the 09:17 candle.
Entry: Buy at 1.09850 on the close of the confirming candle.
Risk: Stop loss 10 pips below entry at 1.09750 (recent swing low). Take profit set to 12 pips at 1.09962.
Outcome: Price hit TP for a 12-pip gain. The trade used a 1:1.2 reward-to-risk and was closed within five minutes.
Case Study 2 — GBPUSD, M5, short
Market context: Guppy showed orange during a pullback on the hourly. On the M5, the scalping indicator histogram turned red after a small rejection candle.
Entry: Sell at 1.27120 on the close of the confirming M5 candle.
Risk: Stop loss 18 pips above entry at 1.27300. Take profit set to 24 pips at 1.26896.
Outcome: Price trended down, hit a trailing stop after moving 15 pips in profit, locking 12 pips. Good risk management preserved capital while still returning a profit.
Strategy Tips
Filter with session and spread
Trade major sessions for the best liquidity. Always check the spread before entering; if the spread is larger than usual, skip the trade.
Confirm the price structure
Prefer entries that align with a recent support or resistance level. A Guppy + green histogram near support gives a higher probability.
Manage risk tightly
Use fixed pip stops as stated and size positions so you risk a small percentage of your account. On M1, aim for faster exits; on M5, allow a slightly larger move.
When to skip
Do not trade during major economic releases. Avoid trades when Guppy and the histogram disagree or when the histogram flickers between colors rapidly.
Download Now
Download the “guppy-mulitple-moving-average-short.mq4” indicator for Metatrader 4
