MA BBands is a free mt4 (Metatrader 4) indicator that draws Bollinger Bands together with precise buy and sell signals on the chart.
The indicator can be used as a standalone trading tool for both trade entry and exit, or as an additional trend filter that works together with an existing strategy of system.
MA BBands appear in the main MT4 chart window as two white colored Bollinger Bands bands and blue and red arrow signals.
Buy & Sell Trade Example
- A buy signal occurs when the blue colored arrow appears on the chart.
- A sell signal occurs when the red colored 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 “ma-bbands-indicator.mq4” indicator for MT4
Indicator Chart (EUR/USD M5)
The example chart below displays the MA BBands 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 MA BBands Forex 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: Bands + signal
Does the indicator repaint? No.
MA BBands + Smoothed Fisher Transform Forex Scalping Strategy for MT4
This scalping strategy combines the MA BBands Forex Indicator for MT4 with the Smoothed Fisher Transform Metatrader 4 Forex Indicator to create a precise, trend-following method suitable for fast-paced trading.
The MA BBands indicator provides entry signals when the price moves outside the Bollinger Bands, while the Smoothed Fisher Transform indicator confirms the direction and strength of the ongoing move.
Together, they deliver accurate scalping entries with solid trend alignment and well-defined risk control.
The MA BBands indicator is designed to capture breakout opportunities when the price moves outside the Bollinger Bands.
The Smoothed Fisher Transform indicator then validates those signals by indicating overbought or oversold conditions.
This combination ensures you only enter trades in the direction of the prevailing trend, minimizing the risk of false signals.
Why this strategy works
The strength of this approach lies in its combination of breakout detection from the MA BBands and confirmation from the Smoothed Fisher Transform indicator.
The MA BBands reacts quickly to price changes, giving traders an early edge, while the Smoothed Fisher Transform filter prevents premature entries during pullbacks or choppy markets.
This helps scalpers stay on the right side of momentum and avoid false breakouts.
Buy Entry Rules
- Wait for the MA BBands indicator to display a blue arrow, signaling a potential buy opportunity.
- Confirm that the Smoothed Fisher Transform indicator is in the oversold area (between 0 and 12), indicating potential upward momentum.
- Enter a buy trade at the open of the next candle after both signals align.
- Place the stop loss 5–10 pips below the most recent swing low.
- Set take profit between 10–20 pips, depending on pair volatility.
- Close the trade if the MA BBands indicator shows a red arrow or the Smoothed Fisher Transform indicator indicates overbought conditions (above 88).
Sell Entry Rules
- Wait for the MA BBands indicator to display a red arrow, signaling a potential sell opportunity.
- Confirm that the Smoothed Fisher Transform indicator is in the overbought area (between 88 and 100), indicating potential downward momentum.
- Enter a sell trade at the open of the next candle after both signals align.
- Set the stop loss 5–10 pips above the most recent swing high.
- Set take profit between 10–20 pips, depending on pair volatility.
- Close the trade if the MA BBands indicator shows a blue arrow or the Smoothed Fisher Transform indicator indicates oversold conditions (below 12).
Advantages
- Combines breakout detection with reliable trend confirmation.
- Reduces false trades by using two different indicator types.
- Ideal for scalpers seeking quick, high-probability trades.
- Works effectively on major pairs and cross pairs with consistent volatility.
Drawbacks
- Signals can lag slightly during strong momentum moves.
- Whipsaws may occur in sideways markets, requiring discipline to filter out trades.
- Performance may vary depending on the moving average period settings.
Case Study 1 – AUD/USD M5
During the Sydney session, AUD/USD displayed a bullish trend.
The MA BBands indicator showed a blue arrow, and the Smoothed Fisher Transform indicator was in the oversold area (between 0 and 12).
A buy trade was entered at 0.6725 with a stop loss at 0.6715 and a take profit at 0.6740.
The price moved steadily, hitting the target in 12 minutes, yielding 15 pips.
The combination of breakout and momentum confirmation allowed for a precise scalp in a short time frame.
Case Study 2 – USD/JPY M5
During the New York session, USD/JPY showed a strong bearish move.
The MA BBands indicator displayed a red arrow, and the Smoothed Fisher Transform indicator was in the overbought area (between 88 and 100).
A sell trade was taken at 148.55 with a stop at 148.70 and a take profit at 148.35.
The price reached the target in 18 minutes, producing a 20-pip gain.
Using both indicators together prevented entering too early during minor retracements.
Strategy Tips
- Use this setup on M5 and M15 charts for consistent scalping performance.
- Focus on highly liquid pairs like AUD/USD, USD/JPY, and EUR/USD for tighter spreads and faster execution.
- Avoid trading immediately before major news releases to prevent false breakouts.
- Trail stops once the trade moves halfway to the target to lock in profits.
This scalping strategy blends breakout detection with momentum confirmation, offering a structured way to catch quick intraday moves.
With disciplined entries and exits, it provides clean trades, controlled risk, and consistent opportunities during active market hours.
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Download the “ma-bbands-indicator.mq4” indicator for Metatrader 4
