The Wajdyss 3MA Forex indicator for Metatrader 4 is 3 MA’s trading system that delivers buy & sell signals whenever the trend turns in the opposite direction.
This system indicator consists of 3 moving averages using 3 different periods.
The indicator provides the actual trade buy & sell signals in the form of arrows.
Key Features
- Trend signals indicator
- Non-repaint arrows
- Beginner friendly
- Well worth adding to your indicator collection
This indicator can work together with any existing trading strategy or system as a trend reversal signal confirmation tool.
Free Download
Download the “wajdyss_3MA_Indicator_V1.mq4” MT4 indicator
Trading Chart
The EUR/USD 15-minute chart below shows the Wajdyss 3MA trading indicator in action.
Trading Signals From the Wajdyss 3MA Indicator
Understanding the signals from the Wajdyss 3MA Forex Indicator for MT4 is simple. Here’s what to look for:
BUY:
- A buy signal is given as soon as the green signal arrow gets printed on the chart.
- Place a stop loss below support.
- Exit the buy trade for a predetermined profit target or wait for a sell signal.
SELL:
- A sell signal is given as soon as the purple signal arrow gets printed on the chart.
- Place a stop loss above short-term resistance.
- Exit the sell trade for a predetermined profit target or wait for a buy signal.
Download Now
Download the “wajdyss_3MA_Indicator_V1.mq4” MT4 indicator
Trend Trading Strategy with Wajdyss 3 MA + Heiken Ashi Bollinger Bands
This trend-following strategy combines the precision of the Wajdyss 3 MA Forex Indicator with the visual clarity of the Heiken Ashi Bollinger Bands Smoothed Indicator.
It is great for currency traders who want to capture medium-term trends with confirmation from both price and volatility structure.
Best Timeframes
Recommended timeframes are M15, M30, and H1. These allow enough market movement for trend development without too much noise.
Recommended Forex Pairs
This strategy works well on trending pairs such as EUR/USD, GBP/JPY, AUD/USD, and USD/CAD.
Indicator Setup
- Wajdyss 3 MA Forex Indicator: Uses three moving averages for dynamic crossover signals. Keep default settings for simplicity.
- Heiken Ashi Bollinger Bands Smoothed: Displays trend direction through smoothed Heiken Ashi candles and band slope. Use default inputs for optimal smoothing.
Buy Entry Conditions
- Wajdyss 3 MA shows a bullish crossover (shorter MA crossing above longer ones).
- The Heiken Ashi candles turn green and close above the smoothed middle Bollinger Band.
- Enter a buy position on the close of the confirmation candle.
- Stop loss: Below the recent swing low or lower Bollinger Band.
- Take profit: Set a 1:2 risk/reward ratio or exit at a significant resistance level.
Sell Entry Conditions
- Wajdyss 3 MA shows a bearish crossover (shorter MA crossing below longer ones).
- Heiken Ashi candles turn red and close below the middle Bollinger Band.
- Enter a sell trade after the confirmation candle closes.
- Stop loss: Above the recent swing high or upper Bollinger Band.
- Take profit: Aim for a 1:2 risk/reward ratio or major support level.
Strategy Tips
- Trade during the London and New York sessions for stronger trends.
- Avoid ranging markets — use the Bollinger Band slope to confirm momentum.
- For added confidence, confirm the trade direction with a higher timeframe trend.
- Use trailing stops to maximize gains in strong trends.
Technical Parameters & Settings
MA method, faster MA period, slower MA period
Feel free to explore the indicator’s different parameters and settings to create your personalized indicator setup.
More Info About This Trading Tool
Currency Pairs: works on any currency pair
Trading Platform: developed for Metatrader 4 (MT4)
Time Frames: any
Indicator Type: trend
How to install the Wajdyss 3MA indicator in Metatrader 4?
- Copy and paste the wajdyss_3MA_Indicator_V1.mq4 indicator into the MQL4 indicators folder.
- You can access this folder from the top menu as follows:
- File > Open Data Folder > MQL4 > Indicators (paste here)
