The MA Profit Indicator MT4 (MetaTrader 4) generates forex trading signals based on the crossing of moving averages. The indicator visually presents the potential pip gains for each trade on the chart. It consistently provides profitable signals for the majority of the time. This forex MT4 indicator is available for free download.
MA Profit Indicator MT4: Introduction
MT4 Indicator Overview
The download link of the MA Profit MT4 indicator is placed at the bottom of this post – once you’re done, your Metatrader 4 trading chart should look similar to the example below.
The MA Profit Indicator serves as a comprehensive trading system, incorporating moving averages and offering defined entry points, stop loss levels, and take profit targets. Additionally, it presents trading signals in the form of buy and sell alerts. These signals are visually represented as triangles on the price charts. As a result, forex traders can effectively utilize this indicator to achieve successful trading outcomes.
Forex Trading Suggestions
The forex indicator showcases profitable bullish trading signals, represented by green triangles from entry to exit points. Likewise, it displays profitable bearish signals with red triangles. Conversely, failed trading signals are indicated by yellow triangles. Additionally, the short-term moving average is depicted as an aqua line on the price chart, while the long-term moving average is represented by gold lines.
When the aqua line crosses above the gold moving average, it signifies the start of a bullish market trend. If the price closes above the previous red triangle and forms a new green triangle, it serves as a buy signal. Traders can enter the market with a long position in such cases. If the trade moves into a loss, the green triangle changes to yellow, indicating the need to exit with a loss when the yellow triangle turns red. The optimal take profit point is identified by the appearance of a triangle with the opposite color.
Likewise, when the aqua line crosses below the gold moving average, it indicates a bearish trading signal. The red triangle serves as the ideal entry point for a short trade. The opposite trading signal or the conclusion of the yellow triangle is considered the best stop loss. Traders can secure profits at the occurrence of an opposite trading signal or when a favorable risk-reward ratio is achieved.
MT4 Indicators: Download and Installation Instructions
Download the MA Profit Indicator MT4.rar archive at the bottom of this post, unpack it, then copy and paste the ma-profit.ex4 or ma-profit.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.
The MT4 MA Profit indicator for MetaTrader is a trend-following trading system specifically advantageous for forex traders who prefer following trends. While the buy/sell trading alerts, as well as the stop loss and take profit levels, are clearly defined using the moving average forex trading strategy, it is recommended for traders to incorporate additional technical indicators such as support and resistance levels, channels, trend lines, or price action patterns for enhanced confirmation. By combining these tools, traders can further reinforce their trading decisions and improve overall trading accuracy. The forex indicator is available for free download and can be effortlessly installed.
Free Download Forex MA Profit MT4 Indicator
To download the MA Profit Indicator for Metatrader 4 (MT4) for free just click the button below: