The EMA Forex Crossover System indicator for Metatrader 4 is a solid trading system that works on the crossover of 2 EMA’s.
The indicator appears in the main MT4 chart window as green & red colored signal arrows.
The default periods used: faster EMA: 5, slower EMA: 6 (feel free to modify the default period).
EMA Forex Crossover System can be categorized as a trend indicator that 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 Forex Crossover System 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-crossover-signal.mq4” indicator for MT4
Indicator Example Chart (EUR/USD M5)
The example chart below displays the EMA Forex Crossover System 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 Forex Crossover System 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: EMA
Does the indicator repaint? No.
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Download the “ema-crossover-signal.mq4” indicator for Metatrader 4
