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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