About the Guppy Multiple Moving Average Signal Indicator
The Guppy Multiple Moving Average Signal indicator for MT4 converts the traditional Guppy system into a clear, easy-to-trade signal tool.
It plots a colored signal line directly on the main chart to highlight buy and sell opportunities.
A blue signal line indicates bullish momentum, while an orange line signals bearish momentum.
Traders can follow these signals to enter, exit, or reverse trades effectively.
This indicator works on all currency pairs and timeframes, making it suitable for scalping, day trading, and swing trading.
Free Download
Download the “guppy-mulitple-moving-average-short.mq4” indicator for MT4
Key Features
- Displays a colored trend-following signal line on the main MT4 chart
- Blue line signals a buy trade
- Orange line signals a sell trade
- Works on all timeframes and currency pairs
- Helps identify trend direction and trade opportunities
Indicator Chart
The chart shows the Guppy Multiple Moving Average Signal indicator on an MT4 chart.
Blue lines represent potential buy trades, while orange lines indicate potential sell trades.
Traders can use the signal line to time entries, exits, and reversals with confidence.
Guide to Trade with Guppy Multiple Moving Average Signal
Buy Rules
- Open a buy trade when the blue signal line appears
- Confirm upward momentum with the signal line slope
- Close or reverse if the line turns orange
Sell Rules
- Open a sell trade when the orange signal line appears
- Confirm downward momentum with the signal line slope
- Close or reverse if the line turns blue
Stop Loss
- For buy trades, set the stop a few pips below the signal line
- For sell trades, set the stop a few pips above the signal line
- Widen stops on higher timeframes, tighten on lower ones
Take Profit
- Close trades when the signal line changes color
- Take partial profits at nearby support or resistance levels
- Use trailing stops for extended trends
Practical Tips
- Follow the color of the signal line for trend direction
- Use higher timeframes to confirm the main trend
- Avoid trading in choppy or sideways markets
- Take partial profits at intermediate levels for safety
Guppy MA + Free Forex Scalper Scalping MT4 Strategy
This simple MT4 scalping strategy combines the Guppy Multiple Moving Average Signal(MT4) and the Free Forex Scalping Indicator (MT4) for fast, repeatable trades on M1 and M5 charts.
It works because the Guppy multiple moving average shows the short-term directional bias while the scalping indicator times entries with its histogram pulses.
Use it if you want short, disciplined trades with clear risk controls.
Recommended for experienced beginners and intraday scalpers who can watch the screen for quick exits.
Timeframes and pairs
Use M1 for very quick scalps and M5 for slightly longer scalp attempts. Choose majors with low spreads like EURUSD, GBPUSD, and USDJPY. Avoid exotic pairs during the news.
Risk profile
Risk is small per trade. Aim for 0.5–1.0% of the account per trade. Use tight stop losses and accept smaller wins repeated many times.
Buy Entry Rules
- Guppy line is blue (bullish). Visit the Guppy indicator here: Guppy Multiple Moving Average Signal (MT4).
- The free Forex scalping indicator histogram turns green and shows a fresh bar in the direction of the move.
- Enter the market on the close of the confirming candle (M1 or M5, depending on your chart).
- Stop loss: place 6–12 pips on M1, 10–20 pips on M5, or just beyond the recent swing low.
- Take profit: target 6–15 pips on M1, 12–30 pips on M5.
- Consider trailing the stop to lock profits once the trade moves in your favor by 1:1.
Sell Entry Rules
- Guppy line is orange (bearish). Use the Guppy indicator link above.
- The free Forex scalping indicator histogram turns red and prints a new red bar.
- Enter on the close of the confirming candle.
- Stop loss: 6–12 pips on M1, 10–20 pips on M5, or above the recent swing high.
- Take profit: 6–15 pips on M1, 12–30 pips on M5.
- Use a trailing stop after the trade reaches breakeven plus a few pips.
Advantages
- Clear, rule-based entries reduce hesitation.
- Works on very short timeframes for many trade opportunities.
- Two independent filters lower false signals.
- Easy to backtest and adapt to volatility by adjusting SL/TP.
Drawbacks
- Small targets mean profits depend on volume and win rate.
- Spread and commissions can eat returns on very short timeframes.
- Requires focus — not suitable for passive traders.
Case Study 1 — EURUSD, M1, quick long
Market context: Guppy turned blue on the 09:15 candle. The scalping indicator printed a fresh green histogram bar on the 09:17 candle.
Entry: Buy at 1.09850 on the close of the confirming candle.
Risk: Stop loss 10 pips below entry at 1.09750 (recent swing low). Take profit set to 12 pips at 1.09962.
Outcome: Price hit TP for a 12-pip gain. The trade used a 1:1.2 reward-to-risk and was closed within five minutes.
Case Study 2 — GBPUSD, M5, short
Market context: Guppy showed orange during a pullback on the hourly. On the M5, the scalping indicator histogram turned red after a small rejection candle.
Entry: Sell at 1.27120 on the close of the confirming M5 candle.
Risk: Stop loss 18 pips above entry at 1.27300. Take profit set to 24 pips at 1.26896.
Outcome: Price trended down, hit a trailing stop after moving 15 pips in profit, locking 12 pips. Good risk management preserved capital while still returning a profit.
Strategy Tips
- Filter with session and spread: Trade major sessions for best liquidity. Skip trades if the spread is unusually high.
- Confirm the price structure: Prefer entries near recent support or resistance. A Guppy signal + green histogram near support increases probability.
- Manage risk tightly: Use fixed pip stops and size positions to risk only a small percentage of your account. On M1, aim for faster exits; on M5, allow slightly larger moves.
- When to skip: Avoid trading during major economic releases. Skip trades when Guppy and histogram disagree or the histogram flickers between colors rapidly.
Download Now
Download the “guppy-mulitple-moving-average-short.mq4” indicator for Metatrader 4
FAQ
What does the blue signal line mean?
The blue line indicates bullish momentum and suggests a potential buy trade.
What does the orange signal line mean?
The orange line indicates bearish momentum and suggests a potential sell trade.
Can I trade multiple pairs at the same time?
Yes. It works on all currency pairs, but focus on those with strong trends for best results.
Is it suitable for beginners?
Yes. The clear colored signal lines make trend direction and trade signals easy to follow.
Summary
The Guppy Multiple Moving Average Signal indicator for MT4 converts the traditional Guppy system into clear, actionable buy and sell signals.
Blue lines signal bullish trades, and orange lines signal bearish trades, helping traders enter, exit, and reverse positions effectively.
It works on all currency pairs and timeframes and is suitable for scalping, day trading, and swing trading.
Using it alongside trend-following or momentum indicators increases trade accuracy and confidence.
