Urdala Easy Signals Metatrader 4 Forex Indicator
The Urdula Easy Signals forex MT4 indicator is composed of a set of moving averages.
This is typical crossover forex system with easy to understand trading rules.
Buy the pair when the fast moving average crosses the slow moving averages from below.
Sell the pair when the fast moving average crosses the slow moving averages from above.
The indicator minimum and maximum MA period settings can be modified directly from the indicator’s inputs tab.
The default indicator’s moving average period settings are set to 5 (MinPeriod) and 300 (MaxPeriod).
Feel free to experiment with the default settings.
This is a good indicator for scalping, day trading and swing trading.
The EUR/USD H1 chart below displays the Urdula Easy Signals forex indicator in action.
Basic Trading Signals
Signals from the Urdula Easy Signals MT4 forex indicator are easy to interpret and goes as follows:
Buy Signal: Initiate a buy trade when the fast moving average crosses the slow moving average from below.
Sell Signal: Initiate a sell trade when the fast moving average crosses the slow moving average from above.
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 (HourMA, DayMA, WeekMA, MonthMA, YearMA, Period) 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 urdala-signals.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)