The Golden MA Candlestick indicator for Metatrader 4 (MT4) provides easy-to-follow trend trading signals based on colored candlesticks.
The indicator appears in the main MT4 chart as blue and orange colored candlesticks.
Buy & Sell Trade Example
- A buy signal occurs as soon as the first blue colored candlestick gets printed on the chart.
- A sell signal occurs as soon as the first orange colored candlestick appears on the chart.
The Golden MA Candlestick can be used for both entry and exit signals or mixed together with your own favorite trading strategy for improved performance.
For scalping and day trading purposes, the indicator tends to deliver the best results during the London and U.S. trading sessions.
The indicator works equally well on all assets (Forex, CFD stocks, Indices, Cryptocurrencies, Commodities,..) and shows promising results if used correctly.
Free Download
Download the “Golden MA.ex4” indicator for MT4
Indicator Chart (EUR/USD H1)
The picture below shows the Candlesticks Signals mt4 indicator in action on the trading chart.
Trading Tips:
Utilize your own favorite trade entry, stop loss and take profit method to trade with the Golden MA Candlestick 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
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Candlestick
Repaint? No.
Golden MA Candlestick + Zero Lag MACD Scalping Strategy — MT4
Introduction
This MT4 scalping strategy combines the Golden MA Candlestick Indicator with the Zero Lag MACD Indicator.
The Golden MA Candlestick Indicator provides clear buy and sell signals with blue and orange candlesticks.
The Zero Lag MACD defines the overall trend using its histogram.
Together, they help scalpers capture quick, trend-aligned entries.
This strategy works best on 1-minute to 15-minute charts and is ideal for traders who want fast scalps with controlled risk.
Focus on major currency pairs like EURUSD, GBPUSD, USDJPY, and AUDUSD for the best results.
Why this combo works
The Golden MA Candlestick gives immediate trade signals through colored candles.
The Zero Lag MACD histogram confirms trend direction: above zero indicates bullish momentum, below zero indicates bearish momentum.
Waiting for both indicators to align reduces false signals and improves scalping efficiency.
Buy Entry Rules
- Golden MA Candlestick shows a blue candlestick (buy signal).
- The Zero Lag MACD histogram is above zero (bullish trend).
- Enter at the close of the confirming candlestick.
- Stop loss: 6–12 pips below the recent swing low or the low of the buy candle.
- Take profit: 8–20 pips depending on the timeframe and volatility.
Sell Entry Rules
- Golden MA Candlestick shows an orange candlestick (sell signal).
- The Zero Lag MACD histogram is below zero (bearish trend).
- Enter at the close of the confirming candlestick.
- Stop loss: 6–12 pips above the recent swing high or the high of the sell candle.
- Take profit: 8–20 pips depending on the timeframe and volatility.
Advantages
- A simple color-based entry system is easy to follow.
- Trend confirmation from Zero Lag MACD reduces false signals.
- Works on multiple timeframes for scalping and intraday trades.
- Helps traders quickly identify trend-aligned entries.
Drawbacks
- It may generate false signals in extremely volatile or sideways markets.
- Can miss quick reversals if the candlestick and histogram do not align immediately.
- Requires constant attention due to its fast-scalping nature.
- Scalping costs can add up with brokers with wider spreads or commissions.
- Not ideal for illiquid pairs or low-volume trading sessions.
Example Case Study 1 — EURUSD, 5-Minute
Timeframe: 5M. Pair: EURUSD. Session: London open.
Golden MA Candlestick turned blue at 1.1025. The Zero Lag MACD histogram was above zero.
Entry: 1.1026. Stop loss: 1.1016 (10 pips). Take profit: 1.1036 (10 pips).
Trade closed at target for +10 pips.
Example Case Study 2 — GBPUSD, 1-Minute
Timeframe: 1M. Pair: GBPUSD. Session: New York overlap.
Golden MA Candlestick turned orange at 1.2705.
The Zero Lag MACD histogram was below zero.
Entry: 1.2704. Stop loss: 1.2710 (6 pips). Take profit: 1.2696 (8 pips).
Trade closed at target for +8 pips.
Strategy Tips
- Use small lot sizes and limit daily risk to a fixed percentage of account equity.
- Avoid trading during major news events.
- Use major pairs with low spreads to reduce slippage.
- Wait for both the candle color and Zero Lag MACD trend confirmation to align before entering.
- Backtest different sessions and pairs to find optimal setups.
