About the Golden MA Candlestick Indicator
The Golden MA Candlestick indicator for MT4 is a trend-following tool that uses colored candlesticks to provide clear buy and sell signals.
Blue candlesticks indicate bullish trends, while orange candlesticks indicate bearish trends.
The indicator appears directly on the main MT4 chart, making it easy to follow price action without additional windows or calculations.
It can be used for scalping, day trading, or swing trading.
By visually highlighting the trend direction, traders can enter and exit trades with confidence.
Free Download
Download the “Golden MA.ex4” indicator for MT4
Key Features
- Colored candlesticks on the main MT4 chart
- Blue candlesticks signal buy opportunities
- Orange candlesticks signal sell opportunities
- Ideal for scalping, day trading, and swing trading
Indicator Chart
The chart example shows the Golden MA Candlestick indicator applied to an MT4 chart.
Blue candlesticks indicate bullish momentum, while orange candlesticks indicate bearish momentum.
Traders can use these candlestick signals to time entries and exits effectively.
Guide to Trade with Golden MA Candlestick Indicator
Buy Rules
- Open a buy trade when the first blue candlestick appears
- Confirm upward momentum with recent price action
- Exit or reverse if the next orange candlestick appears
Sell Rules
- Open a sell trade when the first orange candlestick appears
- Confirm downward momentum with recent price action
- Exit or reverse if the next blue candlestick appears
Stop Loss
- For buy trades, place the stop below the previous swing low
- For sell trades, place the stop above the previous swing high
Take Profit
- Close the trade when the candlestick color changes
- Take partial profits at nearby support or resistance levels
- Use trailing stops to secure gains in strong trends
Practical Tips
- Enter trades only when candlestick color confirms the trend
- Check higher timeframes to avoid false signals
- Focus on currency pairs with clear trending patterns
- Keep trade size small on volatile sessions
- Use candlestick reversals to manage exits efficiently
Golden MA Candlestick + Zero Lag MACD Scalping Strategy for MT4
This MT4 scalping strategy combines the Golden MA Candlestick Indicator with the Zero Lag MACD Indicator.
The Golden MA Candlestick Indicator provides clear buy and sell signals with blue and orange candlesticks.
The Zero Lag MACD defines the overall trend using its histogram.
Together, they help scalpers capture quick, trend-aligned entries.
This strategy works best on 1-minute to 15-minute charts and is ideal for traders who want fast scalps with controlled risk.
Focus on major currency pairs like EURUSD, GBPUSD, USDJPY, and AUDUSD for the best results.
Why this combo works
The Golden MA Candlestick gives immediate trade signals through colored candles.
The Zero Lag MACD histogram confirms trend direction: above zero indicates bullish momentum, below zero indicates bearish momentum.
Waiting for both indicators to align reduces false signals and improves scalping efficiency.
Buy Entry Rules
- Golden MA Candlestick shows a blue candlestick (buy signal).
- The Zero Lag MACD histogram is above zero (bullish trend).
- Enter at the close of the confirming candlestick.
- Stop loss: 6–12 pips below the recent swing low or the low of the buy candle.
- Take profit: 8–20 pips depending on the timeframe and volatility.
Sell Entry Rules
- Golden MA Candlestick shows an orange candlestick (sell signal).
- The Zero Lag MACD histogram is below zero (bearish trend).
- Enter at the close of the confirming candlestick.
- Stop loss: 6–12 pips above the recent swing high or the high of the sell candle.
- Take profit: 8–20 pips depending on the timeframe and volatility.
Advantages
- A simple color-based entry system is easy to follow.
- Trend confirmation from Zero Lag MACD reduces false signals.
- Works on multiple timeframes for scalping and intraday trades.
- Helps traders quickly identify trend-aligned entries.
Drawbacks
- It may generate false signals in extremely volatile or sideways markets.
- Can miss quick reversals if the candlestick and histogram do not align immediately.
- Requires constant attention due to its fast-scalping nature.
- Scalping costs can add up with brokers with wider spreads or commissions.
- Not ideal for illiquid pairs or low-volume trading sessions.
Example Case Study 1 — EURUSD, 5-Minute
Timeframe: 5M. Pair: EURUSD. Session: London open.
Golden MA Candlestick turned blue at 1.1025. The Zero Lag MACD histogram was above zero.
Entry: 1.1026. Stop loss: 1.1016 (10 pips). Take profit: 1.1036 (10 pips).
Trade closed at target for +10 pips.
Example Case Study 2 — GBPUSD, 1-Minute
Timeframe: 1M. Pair: GBPUSD. Session: New York overlap.
Golden MA Candlestick turned orange at 1.2705.
The Zero Lag MACD histogram was below zero.
Entry: 1.2704. Stop loss: 1.2710 (6 pips). Take profit: 1.2696 (8 pips).
Trade closed at target for +8 pips.
Strategy Tips
- Use small lot sizes and limit daily risk to a fixed percentage of account equity.
- Avoid trading during major news events.
- Use major pairs with low spreads to reduce slippage.
- Wait for both the candle color and Zero Lag MACD trend confirmation to align before entering.
- Backtest different sessions and pairs to find optimal setups.
Download Now
Download the “Golden MA.ex4” indicator for Metatrader 4
FAQ
How do I confirm a trend with this indicator?
Look for consecutive candlesticks of the same color and rising or falling momentum.
Can I use it for multiple currency pairs?
Yes. It works on all pairs, but performs best on those with strong trending behavior.
How should I manage risk?
Use proper stop losses below swing lows for buys and above swing highs for sells. Adjust size to volatility.
What if candlestick colors change frequently?
Avoid entering trades during choppy or sideways markets until a clear trend forms.
Summary
The Golden MA Candlestick indicator for MT4 provides easy-to-read trend signals with blue and orange candlesticks.
It helps traders quickly spot buy and sell opportunities and time entries and exits with confidence.
Pairing it with trend-following tools or momentum indicators increases accuracy.
With proper risk management, it is effective for scalping, day trading, and swing trading across all currency pairs.
