The SMA Crossover Signal FX indicator for Metatrader 4 consists of 2 simple moving averages and generates buy & sell signals on the chart.
The indicator appears in the main MT4 chart window as simple to use signal arrows.
Trade logic:
- A buy signal occurs when the shorter-term moving averages cross above the longer-term moving average.
- A sell signal occurs when the shorter-term moving averages cross below the longer-term moving average.
The indicator can be used in various ways. I will present you with an example below:
Buy & Sell Trade Example
- A blue arrow is a buy signal.
- A red arrow is a sell signal.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “SMA CrossOver.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The picture below shows the SMA Crossover Signal FX 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 when trading with the SMA Crossover Signal FX 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: SMA
Does the indicator repaint? No.
