FX Mah Reversals is a free MT4 (Metatrader 4) indicator that analyses any currency pair and publishes all technical buy/sell data in a handy dashboard.
The indicator appears in the main MT4 chart window in the form of a technical analysis dashboard.
Buy & Sell Trade Example
- Open a buy trade when all technical indicators display a buy arrow in the dashboard (strong buy).
- Open a sell trade when all technical indicators display a sell arrow in the dashboard (strong sell).
The FX Mah Reversals 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 exotics) and shows promising results when used correctly.
Free Download
Download the “fx-mah-reversals-indicator.mq4” indicator for MT4
Indicator Chart (EUR/USD Daily)
The picture below shows the FX Mah Reversals mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the FX Mah Reversals 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 dashboard
Does the indicator repaint? No.
FX MAH Reversals + 2 Moving Average Arrow MT4 Scalping Strategy
This MT4 scalping strategy combines the FX MAH Reversals Indicator with the 2 Moving Average Arrow Indicator.
The goal is to catch short, high-probability moves with clear entry and exit rules.
The FX MAH Reversals Indicator detects potential turning points by showing clusters of arrows.
The 2 Moving Average Arrow Indicator gives straightforward buy and sell signals with colored arrows.
This combination works well on the 1-minute and 5-minute charts for active traders who prefer fast trades.
The FX MAH Reversals Indicator signals bullish conditions when most of its arrows are pointing UP, and bearish conditions when most arrows are pointing DOWN.
The 2 Moving Average Arrow Indicator plots a blue arrow for a buy signal and a red arrow for a sell signal.
By using the first indicator to gauge the underlying direction and the second for entry timing, this setup filters out low-quality trades and increases the odds of success.
Buy Entry Rules
- Check that the FX MAH Reversals Indicator shows the majority of its arrows pointing UP, indicating bullish pressure.
- Wait for the 2 Moving Average Arrow Indicator to plot a blue arrow on your chart.
- Place a buy order at the open of the next candle after the blue arrow appears.
- Set a stop loss a few pips below the recent swing low or below a strong support level.
- Take profit quickly at 2–3 times your risk or near the next intraday resistance level.
Sell Entry Rules
- Check that the FX MAH Reversals Indicator shows the majority of its arrows pointing DOWN, indicating bearish pressure.
- Wait for the 2 Moving Average Arrow Indicator to plot a red arrow on your chart.
- Place a sell order at the open of the next candle after the red arrow appears.
- Set a stop loss a few pips above the recent swing high or above a strong resistance level.
- Take profit quickly at 2–3 times your risk or near the next intraday support level.
Advantages
- Combines reversal detection with precise entry timing for scalping.
- Suitable for very short timeframes such as M1 and M5 charts.
- Simple risk management rules help protect profits in fast-moving markets.
Drawbacks
- False signals can occur in highly volatile or news-driven conditions.
- Requires constant monitoring of the chart for rapid entries and exits.
- Small stop-losses can be hit easily if the market whipsaws.
Case Study 1: EUR/GBP 5-Minute Chart
On the EUR/GBP 5-minute chart, the FX MAH Reversals Indicator showed most arrows pointing UP, signaling bullish pressure.
Soon after, the 2 Moving Average Arrow Indicator plotted a blue arrow at 0.8525.
A buy trade was opened with a stop loss at 0.8515.
The price rose to 0.8555 within 20 minutes, capturing a 30-pip profit.
This shows how the combination can help pinpoint short-term upswings.
Case Study 2: USD/JPY 1-Minute Chart
On the USD/JPY 1-minute chart, the FX MAH Reversals Indicator showed most arrows pointing DOWN, indicating bearish momentum.
Shortly after, the 2 Moving Average Arrow Indicator plotted a red arrow at 149.35.
A sell trade was executed with a stop loss at 149.45.
The pair dropped to 149.05 in less than 10 minutes, resulting in a 30-pip gain.
This demonstrates the strategy’s ability to capture fast intraday moves.
Strategy Tips
- Focus on liquid pairs like EUR/USD, GBP/USD, and USD/JPY for tighter spreads.
- Use a demo account first to become comfortable with the fast pace of scalping.
- Consider trading during active market sessions (London or New York) for stronger moves.
- Avoid entering right before major economic announcements to reduce whipsaw risk.
Download Now
Download the “fx-mah-reversals-indicator.mq4” indicator for Metatrader 4
