FX Mah Reversals Indicator MT4

MT4 Reversal TradingFree Download

Introduction to the FX Mah Reversals Indicator

The FX Mah Reversals Indicator for MT4 is a combination of two customized Moving Averages which crossover triggers a trade signal. Download this forex indicator for free.

The gauge is suitable for trend reversal, intraday, and day trading purposes.

Since its signals are based on a simple crossover, it can be successfully used by both beginners and advanced forex traders.

When it comes to performance, it works better when applied to H1 and H4 timeframe charts of your forex MT4 trading platform.

How Does it Work? How to Apply in Trading?

The FX Mah Reversals indicator consists just of two lines. Their align defines market trend direction.

Technical analysis with FX Mah Reversal is about detecting a crossover of these lines.

By default, the faster line is the red one and its period is 8. The another line is green one which period is 21.

Take a look at that example chart below:

FX Mah Reversals Indicator Anatomy

Generally speaking, the 8 MA value turning greater than 21 MA signals for the bullish crossover of the market trend.

Conversely, 8 MA moving below the 21 MA level suggests the bearish crossover of the market trend.

Now, let’s move to detailed explanations and charts.

Long trade signal

8 MA crosses above 21 MA
Bullish candle or price action pattern occurs
Buy trade is now triggered
Set stop loss a few pips below the most recent market low swing
Take profit at the arrival of opposite signal or use your method of trade exit

FX Mah Reversals Indicator Long Trade Chart

Short trade signal

8 MA crosses below 21 MA
Bearish candle or price action pattern occurs
Sell trade is now triggered
Set stop loss a few pips above the most recent market high swing
Take profit at the arrival of opposite signal or use your method of trade exit

FX Mah Reversals Indicator Short Trade Chart

Settings

These are available settings. Feel free to adjust it, to fit your personal preferances.

FX Mah Reversals Indicator Settings

How to set up the FX Mah Reversals indicator in MetaTrader (MT4)?

Installation Guide

Download the fx-mah-reversals.rar archive at the bottom of this post, unpack it, then copy and paste the fx-mah-reversals.ex4 or fx-mah-reversals.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.

You can gain access to this folder by clicking the top menu options, which goes as follows:

File > Open Data Folder > MQL4 > Indicators (paste here).

Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.

Bottom Line

The FX Mah Reversals indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success.

Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions.

Feel free to develop your own trading system based around it. Don’t forget that we still have more great free forex MT4 indicators to download and try.

FX Mah Reversals Indicator in MT4 Trading Platform Navigator