The EMA Crossover Alert indicator for Metatrader 4 represents a popular trend alert trading system that’s based on the crossover of three EMAs.
The indicator appears in the main MT4 chart window and displays the 3 exponential moving averages along with buy & sell arrow signal alerts.
EMA Crossover Alert can be categorized as a trend indicator that can be used in multiple ways.
Trade Idea
- Open a buy trade whenever the green signal arrow gets printed on the chart.
- Open a sell trade whenever the red signal arrow gets printed on the chart.
The EMA Crossover Alert indicator can be used for both trade entry and exit, or as an additional confirmation filter for other strategies and systems.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “ema-58-crossover-alert.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The example chart below displays the EMA Crossover Alert MT4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit strategy to trade with the EMA Crossover Alert 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 the indicator repaint? No.
EMA Crossover Alert + XTC Trend Indicator MT4 Scalping Strategy
This scalping strategy combines the EMA Crossover Alert Forex Indicator with the XTC Trend Indicator for quick, short-term trades.
It is designed to capture fast moves in trending markets using lower timeframes such as M1, M5, or M15.
This strategy is suitable for active day traders seeking systematic entries and exits.
The EMA crossover identifies immediate trend changes, while the XTC Trend Indicator confirms momentum strength.
Together, they help reduce false signals and increase the probability of profitable scalps.
Buy Entry Rules
- The EMA Crossover Alert indicator displays a green bullish arrow.
- The XTC Trend Indicator shows blue histogram bars.
- Enter a buy at the next candle open after both conditions align.
- Place a stop loss below the recent swing low.
- Set take profit based on trend strength or when the XTC histogram turns red.
Sell Entry Rules
- The EMA Crossover Alert indicator displays a red bearish arrow.
- The XTC Trend Indicator shows red histogram bars.
- Enter a sell trade at the next candle open after both conditions align.
- Place a stop loss above the recent swing high.
- Set take profit based on trend strength or when the XTC histogram reverses to blue.
Advantages
- Quick entries allow multiple trades per day.
- Dual confirmation reduces false breakouts.
- Works well on trending pairs and highly liquid markets.
- Clear, disciplined rules make it suitable for systematic scalping.
Drawbacks
- Requires constant monitoring of charts.
- Small targets mean tight spreads, and low liquidity can impact results.
- High frequency may lead to overtrading without discipline.
- News volatility can quickly trigger stop losses.
Case Study 1: EUR/USD on M5
On EUR/USD M5, the EMA Crossover Alert indicator signaled a buy trade at 1.1050.
The XTC Trend Indicator confirmed with blue bullish histogram bars.
A buy was entered at 1.1051 with a stop loss below the recent swing low.
The price moved quickly to 1.1070 before showing signs of weakening momentum.
Result: +19 pips gain.
Case Study 2: GBP/USD on M1
On GBP/USD M1, the EMA Crossover Alert indicator generated a sell arrow at 1.3180, and the XTC histogram turned bearish.
A sell trade was executed at 1.3179 with a stop loss above the recent swing high.
The price dropped to 1.3158 before the histogram weakened.
Result: +21 pips gain.
Strategy Tips
- Focus on highly liquid pairs to avoid slippage and wide spreads.
- Use small timeframe charts (M1–M15) for scalping fast moves.
- Avoid trading during major news events.
- Keep risk per trade small to protect capital over multiple scalps.
- Consider using session filters to trade during high liquidity hours.
- Keep a trading journal to track performance and optimize EMA and XTC settings.
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Download the “ema-58-crossover-alert.mq4” indicator for Metatrader 4
