Free Forex Indicators (MT4), Trend Following Indicators

FX-mah Reversal Indicator

FX-mah Reversal Indicator is a Moving Average based trend-following forex trading indicator. It uses a dual-band of MAs and plots crossovers in order to signal the market trends. Finding trends following simple crossovers is a better idea than going for complex trend defining indicators, especially for newbie traders.

FX-mah Reversal Indicator has been built for intraday trading purposes, thus suits best with H1, H4 & daily charts within the MT4 terminal. However, this indicator can be applied to trade all kinds of forex currency pairs available in the financial markets.

FX-mah Reversal Indicator Overview

After the installation of the Indicator at the MT4 platform, your chart will appear like the following image:

FX-mah Reversal Indicator Overview

FX-mah Reversal Indicator Explanation

FX-mah Reversal Indicator Explanation

FX-mah Reversal Indicator uses an 8-day (red) and 21-day (green) Moving Average (MA) in order to produce the crossover trend signals. These MAs are parameterized using custom algorithms in order to deal with lagging problems.

8 MA moves above the 21 MA represents the bullish crossover. On the contrary, 21 MA moves above 8 MA is considered as the bearish crossover signal for the market trend. Once a crossover is signaled, you may wait for a relevant price action setup for better accuracy. These 8 & 21 MAs can also be used as dynamic support and resistance of the market.

Also Try: The Best Forex Trading Strategy Ever

FX-mah: Buy Parameters

FX-mah Buy Parameters
  • 8 & 21 MAs plot bullish crossover signal
  • A bullish bar closes right above the 8 MA
  • Buy triggers at the break of the signaling bar’s high
  • Set stop loss below the 21 MA
  • Take profit whenever the price closes below the 8 MA

FX-mah: Sell Parameters

FX-mah Sell Parameters
  • 8 & 21 MAs plot bearish crossover signal
  • A bearish bar closes right below the 8 MA
  • Sell triggers at the break of the signaling bar’s low
  • Set stop loss above the 21 MA
  • Take profit whenever the price closes above the 8 MA

I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

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About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.
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