The Mach X Alert Buy Sell Signals indicator for Metatrader 4 is composed of a faster moving average and a slower moving average.
It is a trend following forex indicator that can be applied to any currency pair and works for any timeframe.
The indicator draws a smiley face on the activity chart, a blue one to buy and a red one to sell.
The indicator settings can be customized directly from the indicator’s input tab.
The EUR/USD H1 chart below displays the Mach X Alert Buy Sell Signals forex indicator in action.
Basic Trading Signals
Signals from the Mach X Alert Buy Sell Signals are easy to interpret and goes as follows:
Buy Signal: Open buy order when a blue smiley face appears on the chart (bullish signal).
Sell Signal: Open sell order when a red smiley face appears on the chart (bearish signal).
Trade Exit: Close the open trade when an opposite signal occurs, or use your own method of trade exit.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern
Customization options: Variable (FasterSMA, SlowerSMA, Alerts) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the machxalert-indicator.mq4 indicator 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)