Free Forex Indicators (MT4), Trend Following Indicators

SFX MA on ATR Indicator

SFX MA on ATR Indicator has been developed as a trend-following forex trading tool which is capable to signal the possible changes in trends using the crossover technique. You only need to learn its crossover methods in order to master it and apply for daily trading purposes. Moreover, its simplicity of use offers great advantages for newbie traders.

SFX MA on ATR Indicator can be applied to trade all kinds of forex currency pairs around the financial markets. Furthermore, this tool supports all sorts of timeframe charts within the forex MT4 trading platforms.

SFX MA on ATR Indicator Overview

After the installation of the indicator at the MT4 terminal, your chart will appear like the following image

SFX MA on ATR Indicator Overview

SFX MA on ATR Indicator Anatomy

SFX MA on ATR Indicator Anatomy

The Indicator applies three SFX MA bands with different parameters. SFX MA 4 moves above both SFX MA 8 and 20 represents the bullish crossover of the market trend and also signals for possible long trade opportunities. For short entries, SFX MA 4 should be moved below both SFX MA 8 and 20 which is considered as the bearish crossover of the market trend. For determining the stop-loss level, you may need to depend on the current swing high/low of the market. Any crossover signal against the open trade direction should be taken as a trade-exit signal.

SFX MA on ATR: Buy Conditions

SFX MA on ATR Buy Condition

  • Price bar closes as a bullish candle
  • The Indicator plots bullish crossover signal
  • Buy triggers when the above conditions are met
  • Set stop loss below the current low of the market
  • Exit long/take profit whenever the indicator plots a bearish crossover signal

Best Indicator: Trend Reversal MT4 Indicator

SFX MA on ATR: Sell Conditions

SFX MA on ATR Sell Condition

  • Price bar closes as a bearish candle
  • The Indicator plots bearish crossover signal
  • Sell triggers when the above conditions are met
  • Set stop loss above the current high of the market
  • Exit short/take profit whenever the indicator plots a bullish crossover signal 

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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.