The Easy Forex System MT4 Indicator is an extremely easy to use indicator that will help you determine the directional bias for a particular Forex pair within any chosen time frame. The Easy Forex System MT4 Indicator is composed of three smoothed moving averages (see the chart below). The white moving average is the fastest moving average that will always be inside the price and secondly, we have two other slower moving averages that usually trade above and below the current market price indicating whether we have a bullish or bearish trend.
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As a general rule, the longer the price stays above or below the slow moving averages (the blue and yellow lines) the stronger the bearish/bullish trend is. The Easy Forex System MT4 Indicator does a pretty good job of identifying when the market goes in a consolidation period because the blue and yellow line usually goes flat in a perfectly horizontal line. In order to measure the strength of the trend we want the price to stay above/below the blue and yellow line without touching it, that would be considered a strong trend while if the price breaks the slow moving averages that will be considered a weak trend (see chart below).
Easy Forex System MT4 Indicator – 1H EURUSD Chart
Taking at the above chart, we can make the difference between what is considered a strong trend and what is considered a weak trend based on the Easy Forex System MT4 Indicator. On the left side, we have an uptrend but during the up move, we can notice that the yellow and blue line is penetrated several times and this will be considered a weak trend. On the other hand, on the right side, we have a downtrend where the price never touches the blue and yellow line which is considered to be a strong trend. When trading with the Forex System MT4 Indicator we want to make sure that we’re only going to trade when a strong trend is presented.
Easy Forex System MT4 Indicator Trading Rules
This powerful and versatile indicator can be used on any currency pair, but the preferred time frame of trading is the 1-hour chart or longer. The Forex System MT4 Indicator can be used as a trading system in and of itself and the rules are straightforward. After the white moving averages close above the blue and yellow line, we wait for the first retracement into the slower moving averages and buy the first pullback as long as it doesn’t close below it. The same rules apply in reverse for a sell setup. We’re going to put our protective stop loss 10 pips above or below the breakout candle while we’re going to use a static 80 pips take profit.
Easy Forex System MT4 Indicator Trading Rules
The 1H GBP/USD trading chart above is an example of a valid short and long trade setup using the Easy Forex System MT4 Indicator. If on the first long trade setup we got stopped out at a loss we recovered all of our losses on the following short trade setup. It’s important to note on the first trade the price was hovering up and down near the blue and yellow line which is indicative of a weaker trend while on the second trend we have all the conditions for a strong trend.
As a final note, we have to keep in mind that not every signal is a potential trade setup as we also have to wait and have all the necessary conditions that indicate we have a strong trend in place, so the key here is to really be very selective with our trades.
Time Frames
Technically speaking, you can use this indicator for all time frames. However, the shorter the time frame, you will see more fluctuation and possibly more whipsaw which may cause small losses that can eat up your portfolio quickly. We recommend that you use higher time frames like the 4H for better consistency.
Easy Forex System MT4 Indicator Strategy Video
Trend Trading Video – Explains Trend Trading Basics
Easy Forex System MT4 Indicator Download
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Leave us a comment below to let us know your thoughts on this indicator. If you like this indicator, you might like see other indicators that we have carefully selected that will help you in your trading journey.
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Thanks for sharing i was able to use this Content For my Own Easy Forex System.
It has helped my trading. Thank you.
You are most welcome. Glad to know that it has helped.