The LWMA Forex Crossover Signal indicator for mt4 (Metatrader 4) is an indicator that displays precise buy & sell arrow signals in the main chart.
The indicator can be used as a standalone trading tool for both trade entry and exit or as an additional signal filter that works together with an existing strategy or system of your preference.
It’s a beginner-friendly indicator.
Buy & Sell Trade Example
- A blue arrow represents a buy signal.
- A red arrow represents a sell signal.
- Reverse the open trade whenever an opposite signal arrow appears on the chart.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “LWMA-Crossover_Signal.mq4” indicator for MT4
Indicator Chart (GBP/CHF H4)
The example chart below displays the LWMA Forex Crossover Signal mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the LWMA Forex Crossover Signal 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: Signals
Does the indicator repaint? No.
LWMA Crossover & Wildan Trend Forex Day Trading Strategy
This MT4 day trading strategy combines the LWMA Forex Crossover Signal Indicator and the Wildan Trend System Forex Indicator to identify high-probability intraday trades.
The LWMA indicator provides blue arrows for buy signals and red arrows for sell signals.
The Wildan Trend System shows the trend with a blue histogram for bullish momentum and a red histogram for bearish momentum.
This strategy works best on 15-minute and 30-minute charts and is suitable for active currency pairs like EUR/USD, GBP/USD, and USD/JPY.
Buy Entry Rules
- Ensure the Wildan Trend histogram is blue, indicating a bullish trend.
- Wait for a blue arrow from the LWMA Crossover Signal Indicator.
- Enter a buy trade immediately after the blue arrow appears in alignment with the blue histogram.
- Place a stop loss below the most recent swing low.
- Set a take profit target of 20–35 pips or at the next significant resistance level.
- Close the trade immediately if the LWMA arrow turns red or the Wildan histogram turns red.
Sell Entry Rules
- Ensure the Wildan Trend histogram is red, indicating a bearish trend.
- Wait for a red arrow from the LWMA Crossover Signal Indicator.
- Enter a sell trade immediately after the red arrow appears in alignment with the red histogram.
- Place a stop loss above the most recent swing high.
- Set a take profit target of 20–35 pips or at the next significant support level.
- Close the trade immediately if the LWMA arrow turns blue or the Wildan histogram turns blue.
Advantages
- Combines trend confirmation with crossover signals for higher accuracy.
- Suitable for day trading on 15-minute and 30-minute charts.
- Visual arrows and histograms make entry and exit decisions easy.
- Allows traders to capture significant intraday price movements.
- Works well on major currency pairs like EUR/USD, GBP/USD, and USD/JPY.
Drawbacks
- Requires monitoring during the day to capture signals effectively.
- False crossover arrows can occur in sideways or choppy markets.
- Stop losses can be triggered quickly during sudden spikes.
- Take profit targets may not always be reached in low-volatility sessions.
- Performance can vary across different currency pairs and trading sessions.
Example Case Studies
Case Study 1: EUR/USD 15-Minute Chart
The Wildan Trend histogram was blue, showing bullish momentum.
A blue arrow appeared on the LWMA Crossover Signal Indicator.
A buy trade was entered with a stop loss below the recent swing low and a take profit at 25 pips.
The trade reached the target, and the position was closed when the LWMA arrow turned red, protecting remaining profits.
Case Study 2: GBP/USD 30-Minute Chart
The Wildan Trend histogram was red, indicating a bearish trend.
A red arrow appeared on the LWMA indicator.
A sell trade was entered with a stop loss above the recent swing high and a take profit at 30 pips.
The trade reached the target, and the position was closed when the LWMA arrow turned blue.
Strategy Tips
- Use during high liquidity periods, such as the London and New York sessions, for better execution.
- Adjust lot sizes according to your account balance and risk tolerance.
- Close trades immediately if the LWMA arrow or Wildan histogram changes color to protect profits.
- Focus on major currency pairs for the most reliable signals.
Download Now
Download the “LWMA-Crossover_Signal.mq4” indicator for Metatrader 4
