Grucha Trend Moving Averages is a free mt4 (Metatrader 4) Forex indicator that’s based on moving averages and it draws a buy/sell trend rainbow on the chart.
The indicator pops up in the main MT4 chart window as a red colored trend-following rainbow.
Buy & Sell Trade Example
- Open a buy trade as soon as the candlestick crosses the colored rainbow bottom-up.
- Open a sell trade as soon as the candlestick crosses the colored rainbow top-down.
The Grucha Trend Moving Averages 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 “GruchaChannel.mq4” indicator for MT4
Indicator Chart (EUR/USD Daily)
The example chart below displays the Grucha Trend Moving Averages 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 Grucha Trend Moving Averages 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.
Grucha Trend Moving Averages + Trend Predictor v1.0 Day MT4 Trading Strategy
Introduction
This MT4 day trading strategy combines the Grucha Trend Moving Averages Forex Indicator with the Trend Predictor v1.0 Indicator.
The Grucha indicator determines the market trend: bullish when the price is above the red moving averages and bearish when below.
The Trend Predictor provides blue arrows for buy signals and red arrows for sell signals.
This combination gives precise intraday entries aligned with the trend.
This strategy works best on 15-minute to 1-hour charts and is suitable for major and minor currency pairs like AUD/USD, USD/CHF, and EUR/GBP.
Why this combo works
The Grucha Trend Moving Averages clearly define the current trend, while the Trend Predictor offers actionable buy/sell signals.
Using both together filters false signals and allows traders to enter trades in the direction of the prevailing trend.
Buy Entry Rules
- Price is above the red Grucha moving averages (bullish trend confirmed).
- Trend Predictor displays a blue arrow (buy signal).
- Enter at the close of the confirming candle.
- Stop loss: place below the recent swing low.
- Take profit: exit when the price closes below the Grucha moving averages or at a previous significant resistance level.
Sell Entry Rules
- Price is below the red Grucha moving averages (bearish trend confirmed).
- Trend Predictor displays a red arrow (sell signal).
- Enter at the close of the confirming candle.
- Stop loss: place above the recent swing high.
- Take profit: exit when the price closes above the Grucha moving averages or at a previous significant support level.
Advantages
- Clear trend identification with Grucha moving averages.
- Precise entry signals from Trend Predictor v1.0.
- Flexible for multiple currency pairs and timeframes.
Drawbacks
- Lagging indicators can result in delayed signals during rapid market moves.
- False signals may appear in sideways or low-volatility markets.
- Requires active monitoring for timely execution of trades.
- Not suitable for high-impact news events without proper adjustment.
- Taking profit based on trend exit can sometimes result in smaller gains if the trend reverses quickly.
Example Case Study 1 — EUR/GBP, 30-Minute
Timeframe: 30M. Pair: EUR/GBP. Session: London open.
Price above the red Grucha moving averages, Trend Predictor displays a blue arrow.
Entry: 0.8805. Stop loss: 0.8795.
Take profit: exit when the price closes below the moving averages at 0.8830.
Trade closed successfully.
Example Case Study 2 — USD/JPY, 1-Hour
Timeframe: 1H. Pair: USD/JPY. Session: New York.
Price below the red Grucha moving averages, Trend Predictor displays a red arrow.
Entry: 144.50. Stop loss: 144.80.
Take profit: exit when the price closes above the moving averages at 144.00.
Trade closed at the target.
Strategy Tips
- Focus on strong trend sessions and avoid trading during low volatility periods.
- Combine with support and resistance levels or Fibonacci retracements for better exit points.
- Adjust position size according to account risk and volatility of the pair.
- Monitor economic calendar events to avoid trading during high-impact news releases.
