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Taotra Trend Metatrader 4 Forex Indicator

    The Taotra Trend MT4 forex indicator consists of a fast MA (LimeGreen), middle MA (Gold) and slow MA (Violet) technical indicator.

    You can choose from the following moving average types: simple MA, linear weighted MA, smoothed MA and exponential MA.

    Understanding how to trade with this indicator is pretty easy to understand:

    A buy signal occurs when the fast MA is aligned above the middle MA and slow MA + the middle MA is aligned above the slow MA.

    The opposite applies to sell signals.

    In this case, the fast MA is aligned below the middle MA and slow MA + the middle MA is aligned below the slow MA.

    The Taotra Trend Metatrader 4 indicator is a typical forex crossover system indicator but uses 3 different moving averages instead of 2.

    Free Download

    Download the taotra.ex4” MT4 indicator

    Example Chart

    The EUR/USD 5-Minute chart below displays the Taotra Trend Metatrader 4 indicator in action.

    Basic Trading Signals

    Signals from the Taotra Trend MT4 indicator are easy to interpret and goes as follows:

    Buy Signal: Buy the currency pair when the fast moving average is aligned above the middle moving average and slow moving average + the middle moving average is aligned above the slow moving average.

    A protective stop-loss should be placed below the previous support level.

    Sell Signal: Sell the currency pair when the fast moving average is aligned below the middle moving average and slow moving average + the middle moving average is aligned below the slow moving average.

    A protective stop-loss should be placed above the previous resistance level.

    Trade Exit : Use your own method of trade exit.

    Download

    Download the taotra.ex4” Metatrader 4 indicator

    MT4 Indicator Characteristics

    Currency pairs: Any

    Platform: Metatrader 4

    Type: Chart pattern indicator

    Customization options: Variable (starting period, method, average method, price, period step, slow MA, middle MA, fast MA) 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 taotra.ex4 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)