About the Indicator
The Decema Forex Indicator for MT4 is a custom-built moving average tool designed to follow short-term trends.
It overlays a dynamic line on your chart, providing real-time insights into market direction.
Trade Idea
- 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.
Free Download
Download the “decema-indicator.mq4” indicator for MT4
Key Features
- Custom-built moving average for short-term trend following.
- Appears directly on the main chart for easy visualization.
- Suitable for scalping and day trading strategies.
- Free to download and easy to integrate into your MT4 platform.
Indicator Example Chart (EUR/USD Daily)
In the example chart below, the Decema Indicator is shown as a line that adapts to price movements, highlighting the current market trend.
How To Trade Using This Indicator
- Buy Signals: Enter a buy trade when the price crosses above the Decema line, indicating upward momentum.
- Sell Signals: Enter a sell trade when the price crosses below the Decema line, indicating downward momentum.
- Stop Loss: Place a stop loss just below the Decema line for buy trades, or above it for sell trades.
- Take Profit: Set a take profit target at a predefined pip distance or at the next significant support or resistance level.
- Strategy Enhancement: Combine the Decema Indicator with other tools like RSI or MACD to confirm signals and reduce false positives.
Download Now
Download the “decema-indicator.mq4” indicator for Metatrader 4
Decema + AMA Signals Metatrader 4 Strategy
What This Strategy Is About
This strategy combines two powerful indicators: the Decema Forex Indicator and the AMA Signals MetaTrader 4 Forex Indicator.
The Decema indicator is a custom-built moving average that follows short-term trends, providing traders with a clear visual representation of price direction.
The AMA Signals indicator is a trend-following buy/sell forex signals trading indicator that draws two different dot colors: blue and brown.
A blue-colored dot indicates the market is trending up, while a brown-colored dot indicates the market is trending down.
Buy Rules
- Wait for the Decema line to cross below the price, indicating a potential uptrend.
- Confirm that the AMA Signals indicator displays a blue dot, indicating an uptrend.
- Enter a buy trade at the close of the confirming candle.
- Place your stop loss just below the recent swing low or a strong support area.
- Exit when the Decema line crosses above the price or when the AMA Signals indicator changes to a brown dot.
Sell Rules
- Wait for the Decema line to cross above the price, indicating a potential downtrend.
- Confirm that the AMA Signals indicator displays a brown dot, indicating a downtrend.
- Enter a sell trade at the close of the confirming candle.
- Place your stop loss just above the recent swing high or resistance zone.
- Exit when the Decema line crosses below the price or when the AMA Signals indicator changes to a blue dot.
Trader Case Studies
Below are three examples of traders who applied this strategy to different currency pairs and timeframes, showing how it can work in various market conditions.
Lucas T – Brazil
Lucas T, a swing trader from São Paulo, applied this strategy on the USD/JPY and EUR/USD pairs for 30 days. By sticking to the rules and managing risk properly, he secured a total of +312 pips over the month.
Olivia P – Canada
Olivia P, a part-time trader from Toronto, traded the major currency pairs with this strategy for 35 days. Following the entry and exit criteria closely, she achieved +412 pips in net profit during this period.
Mohammed A – Nigeria
Mohammed A, a day trader from Lagos, used this method for one week on the EUR/USD, USD/JPY, and GBP/JPY pairs. Even in a short time, he generated a respectable +175 pips in gains.
Disclaimer: These case studies are for educational purposes only. Trading results will vary depending on market conditions, risk management, and individual discipline.
Advantages
- Combines momentum and trend confirmation for higher quality signals.
- Suitable for multiple timeframes and trading styles.
- Helps reduce false signals by requiring confirmation from two indicators.
Drawbacks
- May give fewer signals during sideways or low volatility markets.
- Requires patience to wait for both indicators to align before entering trades.
- Can generate late exits if relying solely on indicator reversal.
Strategy Conclusion and Tips
This strategy provides a structured way to trade by combining the momentum insight from the Decema indicator with the trend clarity from AMA Signals.
This combination improves your chances of entering trades that align with the main market flow.
Indicator Specifications
| Specification | Details |
|---|---|
| Platform | MetaTrader 4 (MT4) |
| Type | Custom Moving Average |
| Timeframes | All MT4 Timeframes |
| Currency Pairs | Major, Minor, and Exotic Pairs |
| Inputs | Period (default 14), Color Settings |
| Signals | Buy/Sell Crossovers |
| Alerts | None |
Frequently Asked Questions (FAQ)
1. Can I use the Decema Indicator on all currency pairs?
Yes, the Decema Indicator is designed to work on all major, minor, and exotic currency pairs. It’s recommended to test it on different pairs to understand its behavior.
2. How can I reduce false signals?
To minimize false signals, consider combining the Decema Indicator with other trend-following tools, such as the Zwinner Trend indicator, to confirm the trend direction.
3. Is this indicator suitable for scalping?
Yes, the Decema Indicator can be used for scalping, especially on shorter timeframes like M1 or M5. However, it’s essential to combine it with other indicators to confirm entry points.
Final Words
The Decema Forex Indicator for MT4 is a valuable tool for traders seeking to identify short-term trends and make informed trading decisions.
By combining this indicator with other technical analysis tools and practicing sound risk management, traders can enhance their trading strategies and improve their chances of success.
