The Decema Forex indicator was built for Metatrader 4 (mt4) and draws a custom built moving average on the chart that follows the short-time trend.
Executing buy and sell trades with the Decema indicator is a straight forward process and goes as follows:
- A price move above the red Decema MA is considered a buy signal.
- A price move below the red Decema MA is considered a sell signal.
Overall, the indicator works very well in a trending environment.
For scalpers and day traders, this indicator tends to work the best during the London and American trading sessions.
The indicator works on a wide range of trading instruments (Forex, CFD stocks, Indices, Cryptocurrencies, Commodities,..).
Free Download
Download the “decema-indicator.mq4” indicator for MT4
Indicator Example Chart (EUR/USD Daily)
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit strategy to trade with the Decema Forex 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 it repaint? No.
Download Now
Download the “decema-indicator.mq4” indicator for Metatrader 4
Usage:
Works for any trade style: scalping, day trading and swing trading .
The Decema indicator for MT4 can be utilized as a standalone signals indicator or together with other technical indicators for optimal trade exit.
Installation:
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the decema-indicator.mq4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.
