The simple MA Crossover Signal indicator for Metatrader 4 is a moving averages crossover system that provides buy & sell signals on the chart.
Just follow the signals as they become available on the chart; it’s that easy.
Feel free to experiment with the default moving averages periods.
Buy & Sell Trade Example
- A white colored arrow is a buy signal.
- A magenta colored arrow is a sell signal.
For scalping and day trading, the indicator performs best during the London and New York trading sessions.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “ma2-signal-v2.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The example chart below displays the Simple MA 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 Simple MA 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: Trend
Does the indicator repaint? No.
MA Crossover + Silver Trend Intraday Trading Strategy for MT4
This intraday strategy combines the Simple MA Crossover Signal Indicator for MT4 with the Silver Trend Metatrader 4 Forex Indicator to provide accurate, trend-following entries for intraday trading.
The MA Crossover indicator generates white arrows for bullish signals and magenta arrows for bearish signals.
The Silver Trend indicator uses blue candlesticks for buy trends and red candlesticks for sell trends.
Combining these indicators allows traders to confirm the direction of the trend and enter trades with better precision.
Why this strategy works
This approach works by using the MA Crossover for early trend signals and the Silver Trend indicator to confirm the momentum.
This combination filters out false signals and ensures that trades are taken only when the market is moving in a clear direction, which is essential for intraday trading, where timing is critical.
Buy Entry Rules
- Wait for the MA Crossover indicator to display a white arrow, indicating a buy signal.
- Confirm that the Silver Trend indicator shows blue candlesticks, confirming a bullish trend.
- Enter a buy trade at the open of the next candle after both conditions are met.
- Place the stop loss 10–15 pips below the most recent swing low.
- Set a take profit of 15–30 pips depending on market volatility.
- Close the trade if the MA Crossover indicator shows a magenta arrow or the Silver Trend candlesticks turn red.
Sell Entry Rules
- Wait for the MA Crossover indicator to display a magenta arrow, indicating a sell signal.
- Confirm that the Silver Trend indicator shows red candlesticks, confirming a bearish trend.
- Enter a sell trade at the open of the next candle after both conditions are met.
- Set the stop loss 10–15 pips above the most recent swing high.
- Set a take profit of 15–30 pips depending on market volatility.
- Close the trade if the MA Crossover indicator shows a white arrow or the Silver Trend candlesticks turn blue.
Advantages
- Combines early trend detection with momentum confirmation for higher probability trades.
- Reduces false entries in volatile intraday markets.
- Works well on major and cross-currency pairs with good liquidity.
- Clear visual signals make it easy to monitor trades in real time.
Drawbacks
- It can generate false signals in highly volatile or low liquidity periods.
- Requires active monitoring on lower timeframes, which can be intensive for some traders.
- Performance may drop in ranging markets with no clear trend.
- Stop loss and take profit levels may need frequent adjustment for different currency pairs or sessions.
Case Study 1 – AUD/USD M15
During the Sydney session, AUD/USD showed a white arrow on the MA Crossover indicator while the Silver Trend candlesticks were blue.
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 up steadily, reaching the target in 12 minutes for a 15-pip gain.
Both indicators aligned perfectly for a clean intraday scalp.
Case Study 2 – USD/CAD M15
Later in the New York session, USD/CAD showed a magenta arrow on the MA Crossover indicator while the Silver Trend candlesticks were red.
A sell trade was entered at 1.3560 with a stop loss at 1.3575 and a take profit at 1.3545.
The price reached the take profit level in 14 minutes, producing a 15-pip gain.
The combination of trend and momentum confirmation prevented entering during minor retracements.
Strategy Tips
- Use this strategy primarily on M15 charts for intraday trading.
- Focus on liquid pairs like AUD/USD, USD/CAD, EUR/USD, and GBP/USD for better execution and lower spreads.
- Avoid trading immediately before major economic news releases to reduce the risk of sudden volatility.
- Consider trailing the stop once the trade reaches halfway to the target to lock in profits.
- Backtest this strategy on different pairs and sessions to find the optimal trading conditions.
- Maintain discipline by following signals strictly and avoiding emotional entries.
This intraday strategy blends early trend detection with momentum confirmation, offering a disciplined approach to capture fast intraday moves with clear entries, controlled risk, and consistent profit potential.
