The Heiken Ashi MA T3 forex indicator for MT4 is a popular trend-following buy and sell signals indicator that works for any pair.
This indicator is very easy to use, and the trade logic goes as follows:
- A buy signal occurs when the Heiken Ashi MA T3 indicator paints a green dot below the candlestick.
- A sell signal occurs when the Heiken Ashi MA T3 indicator paints a pink dot above the candlestick.
The Heiken Ashi MA T3 can be deployed as a stand-alone buy/sell signals system and can be applied to any currency pair and time frame.
Feel free to experiment with the different indicator’s inputs settings to suit your needs and preferences.
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Download the “heiken-ashi-ma-t3-new-indicator.ex4” MT4 indicator
Indicator Chart (GBP/USD H1)
The GBP/USD 1-Hour chart below displays the Heiken Ashi MA T3 Metatrader 4 forex indicator in action.
Basic Trading Signals
Signals from the Heiken Ashi MA T3 MT4 forex indicator are easy to interpret and goes as follows:
Buy Signal: Buy the forex pair when the Heiken Ashi MA T3 indicator paints a green dot below the candlestick. The trend is now upward.
Place a stop loss below support or use your own preferred SL method.
Sell Signal: Sell the forex pair when the Heiken Ashi MA T3 indicator paints a pink dot above the candlestick. The trend is now downward.
Place a stop loss above resistance or use your own preferred SL method.
Heiken Ashi MA T3 + Trend Filter MT4 Forex Strategy
This MT4 strategy combines the Heiken Ashi MA T3 indicator with the Trend Filter indicator to provide reliable trade entries in trending markets.
The Heiken Ashi MA T3 uses green dots for bullish trends and pink dots for bearish trends, while the Trend Filter confirms the trend direction with a green line for buy signals and a red line for sell signals.
This combination is suitable for M15, M30, and H1 charts and works well for intraday and swing traders looking for trend-following setups with clear entry and exit rules.
Buy Entry Rules
- Wait for the Heiken Ashi MA T3 to show a green dot, indicating a bullish trend.
- Confirm that the Trend Filter displays a green line, signaling bullish momentum.
- Enter a buy trade at the close of the confirmation candle.
- Place a stop loss below the recent swing low. Use 15–25 pips on M15, 25–40 pips on M30/H1.
- Set a take profit between 20–40 pips on M15 or 40–70 pips on M30/H1, or trail with structure highs.
Sell Entry Rules
- Wait for the Heiken Ashi MA T3 to show a pink dot, indicating a bearish trend.
- Confirm that the Trend Filter displays a red line, signaling bearish momentum.
- Enter a sell trade at the close of the confirmation candle.
- Place a stop loss above the recent swing high. Use 15–25 pips on M15, 25–40 pips on M30/H1.
- Set a take profit between 20–40 pips on M15 or 40–70 pips on M30/H1, or trail with structure lows.
Advantages
- Clear trend signals with dot and line confirmation.
- Works on multiple timeframes and currency pairs.
- Reduces false entries during minor pullbacks.
- Easy to follow visually for beginners and experienced traders.
- Helps time entries with the overall market trend.
Drawbacks
- Requires patience for trend confirmation before entering trades.
- Not ideal for scalping on very low timeframes.
Example Case Study 1
On EURUSD M15 during the London session, the Heiken Ashi MA T3 showed a green dot after a small pullback.
The Trend Filter confirmed with a green line.
A buy trade was entered at 1.0925 with a stop loss at 1.0910.
Price trended upwards steadily and reached 1.0960 within one hour, gaining 35 pips.
Both indicators remained aligned during the move, confirming a strong bullish trend.
Example Case Study 2
On GBPJPY M30 during the New York session, the Heiken Ashi MA T3 printed a pink dot as the pair approached a resistance level.
The Trend Filter also turned red, confirming bearish momentum.
A sell trade was entered at 174.50 with a stop loss at 174.75.
The pair moved downward and hit the take profit at 173.95, gaining 55 pips.
The indicators provided clear entry and trend confirmation throughout the move.
Strategy Tips
- Trade during the London and New York sessions for better trend strength.
- Use higher timeframes for context and trend direction before taking M15 or M30 trades.
- Consider partial exits if the trend is extended to lock in profits.
- Avoid trading during high-impact news events to prevent stop-loss hits.
- Pairs like EURUSD, GBPJPY, AUDUSD, and USDJPY often provide the most reliable trends.
Download Now
Download the “heiken-ashi-ma-t3-new-indicator.ex4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart window indicator
Customization options: Variable (MA period, step, MA method, T3 hot, better formula, T3 original, dot up, dot down) Width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, Daily, Weekly, Monthly
Type: trend signal
