The XP Moving Average Forex indicator for Metatrader 4 is based on moving averages with T3 and delivers solid buy & sell signals.
The indicator gets displayed in the main chart window as a single colored buy & sell signal line.
This indicator works on all time frames and currency pairs.
After you have downloaded and installed the indicator on the MT4 trading platform, it should look like the image as shown below.
Key Points
- Buy & sell signals
- Easy to follow
- Works for any trading instrument
- Well worth adding to your indicator collection
This indicator can work together with any existing trading strategy or system as a buy & sell trend confirmation tool.
Free Download
Download the “xp moving average.mq4” MT4 indicator
Indicator Example Chart
The USD/JPY 1-hour chart below shows the XP Moving Average Forex indicator in action.
Trading Signals From XP Moving Average
BUY:
- A new buy signal is given at the start of the green signal line.
- Set stop loss below technical support.
- Exit the buy trade for a predetermined profit target or wait for a sell signal.
SELL:
- A new sell signal is given at the start of the red signal line.
- Set stop loss above technical resistance.
- Exit the sell trade for a predetermined profit target or wait for a buy signal.
Download Now
Download the “xp moving average.mq4” MT4 indicator
Trading Strategy: XP Moving Average & FXSSI Support & Resistance
This strategy integrates the XP Moving Average Indicator with the FXSSI Advanced Support & Resistance Indicator to identify trend directions and key price levels.
By combining these tools, traders can pinpoint high-probability trade setups with improved accuracy.
Strategy Overview
- Time Frame: 15-minute (M15) or 1-hour (H1) charts
- Currency Pairs: Major pairs (e.g., EUR/USD, GBP/USD)
- Indicators Used:
- XP Moving Average Indicator (default settings)
- FXSSI Advanced Support & Resistance Indicator (default settings)
Entry Criteria
Buy Signal
- The XP Moving Average line turns green, indicating a bullish trend.
- Price retraces to a nearby support level identified by the FXSSI indicator.
- Enter a buy trade when a bullish candlestick pattern forms at the support level.
Sell Signal
- The XP Moving Average line turns red, indicating a bearish trend.
- Price retraces to a nearby resistance level identified by the FXSSI indicator.
- Enter a sell trade when a bearish candlestick pattern forms at the resistance level.
Trade Management
- Stop Loss: Place a stop loss a few pips below the support level for buy trades, or above the resistance level for sell trades.
- Take Profit: Aim for a risk-to-reward ratio of at least 1:2, or exit the trade when the XP Moving Average changes color, indicating a potential trend reversal.
- Risk Management: Risk no more than 1-2% of your trading capital on a single trade.
Why Combine XP Moving Average with FXSSI Support & Resistance?
The XP Moving Average Indicator helps identify the prevailing market trend by changing color based on price movements, while the FXSSI Advanced Support & Resistance Indicator highlights key price levels where the market has previously reacted.
Combining these tools allows traders to enter trades in the direction of the trend at significant price levels, enhancing the probability of successful outcomes.
Adjustable Parameters & Settings
MA period, MA type, MA applied, T3MA volume factor
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: Moving average
How do you install the XP Moving Average Forex indicator in Metatrader 4?
- Copy and paste the xp moving average.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)
