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Guppy Multiple Moving Averages Long Metatrader 4 Forex Indicator

    The Guppy Multiple Moving Averages Long MT4 indicator is another version of the well-known Guppy trend forex indicator.

    This version consists of Multiple Moving Averages with longer MA period.

    The advantages: This indicator will generate less false signals and will stick longer with the most profitable trend.

    Drawback: Less buy and sell signals to trade.

    The indicator works well if you are looking for more pips/trade.

    It can be used as a standalone trend following forex indicator.

    Deploy it on any currency pair and for all timeframe’s.

    For short-term trading, deploy the indicator on the M1, M5 and M15 Metatrader 4 charts.

    Free Download

    Download the guppy-mulitple-moving-average-long.mq4” MT4 indicator

    Example Chart

    The EUR/USD 4-hour chart below displays the Guppy Multiple Moving Averages Long Metatrader 4 indicator in action.

    Basic Trading Signals

    Signals from the Guppy Multiple Moving Averages Long MT4 indicator are easy to interpret and goes as follows:

    Buy Signal: Initiate a long trade when the candlestick is well positioned above all red Guppy MA’s and the Guppy MA’s are pointing upward. Place a stop-loss below support.

    Sell Signal: Initiate a short trade when the candlestick is well positioned below all red Guppy MA’s and the Guppy MA’s are pointing downward. Place a stop-loss above resistance.

    Trade Exit : Use your own method of trade exit.

    Download

    Download the guppy-mulitple-moving-average-long.mq4” Metatrader 4 indicator

    MT4 Indicator Characteristics

    Currency pairs: Any

    Platform: Metatrader 4

    Type: Chart pattern indicator

    Customization options: Colors, width & Style.

    Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

    Type: trend

    Installation

    Copy and paste the guppy-mulitple-moving-average-long.mq4 into the MQL4 indicators folder of the Metatrader 4 trading platform.

    You can access this folder from the top menu as follows:

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

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