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The Magical Multiple Moving Average verage Forex indicator and course Written by Alex du Plooy
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FREE COURSE The Multiple Moving Average Forex indicator can can save you considerable time when evaluating trading conditions. They also provide some interesting trading setups worth taking note of.
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These charts that Successful and best Forex technique convey vital Intro to Forex Binary Options information Thoughts on Purchasing Forex Trading Courses and Products about currencies. Are you over complicating your Forex trading approach? Information that will Why and how to use a Forex Demo Account give you confidence Aspiration – driving a bottom-up economic Financial markets revolution when using you with Forex Market Trend following trading systems and strategies the trend, discount Referral Plan channel trading and breakout trading techniques. This is one indicator that can be used in both trending and sideways markets They tend to give an immediate view of whether a currency is trending, consolidating or losing momentum.
When The Moving Averages are diverging or flaring or splitting up the currency is trending. The MA’s are all pointing in the same direction.
When the Moving averages are consolidating and forming a knot the currency is ready for a volatile breakout and trend. Time to straddle the currency
When the faster moving average (green) start cutting across the other moving averages the trend is over and the currency is ready to reverse or consolidate
When the fast moving average starts cutting across the others and then goes back in the direction of the trend it is a signal to join the trend again.
It works on all timeframes and are particularly tradable on the 1 minute and 5 minute charts and makes them fun to trade.
The 1 min chart below gives lots of trading opportunities
The indicator works on all currency crosses and can also be used to compare currency crosses with each other.
The can also be used to compare different timeframes of the same currency.
Please watch this video for more details on using the Multi Moving Average Chart setups:
http://youtu.be/d4SnNwRvM0A
This is a very versatile trading tool every trader should have and should use every day.
FREE INDICATOR You can set the Multiple Moving Average Forex indicator up yourself or alternatively you can purchase the above MT4 template and 2 profiles.
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1. Use a chart with a white back ground 2. Set the line chart color to white 3. Set the chart to to line chart – you should have a white chart now 4. Add moving averages with different colours using the following settings. You can use any settings for you indicator as long as the Moving averages “look good” to you. Try multiples of 4 ( 4, 8, 12, 16, 20, 24 ) or 5 (5, 10 , 15, 20, 25, 30) and use 6 to 7 Moving Averages (different colours each). 5. Save the setup as a template you can re-use
Alternatively purchase the indicator template for $14.99
Watch this video on how to load the indicator, change the settings and create profiles. LOADING THE MT4 TEMPLATES AND CREATING PROFILE S
I hope this short course gives you a new perspective of your trading charts. Alex du Plooy Expert4x Share with other Traders Share
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30 Responses to The Magical Multiple Moving Average Forex indicator and course By 43 Tips to make 860% in 2 months trading the Forex Market | TradingForBeginner.com March 5, 2016 - 2:20 pm
[…] The Magical Multiple Moving Average Forex indicator and course […] 00
Rate this Reply By 43 Tips to make 860% in 2 months trading the Forex Market January 30, 2016 - 6:25 am
[…] The Magical Multiple Moving Average Forex indicator and course […] 00 Rate this Reply By Double your Forex account yesterday? It was child’s-play. March 31, 2015 - 11:12 am
[…] straddles are becoming the most popular way to “Double your Forex Account in 1 Day”. Using consolidating Multiple Moving Averages makes it soooo easy. We have had numerous emails from excited clients in the last few […] 00 Rate this Reply By Barry Thornton Trading Forex vibrations March 28, 2015 - 11:31 pm
[…] Look for other supporting information such as support and resistance, channel or trend lines lines, divergences on momentum indicators, double tops, candle formations , Multiple MA charts etc. […] 00 Rate this Reply By Forex Whipsaw Indicators | Forex Trade Tips March 18, 2015 - 3:53 am
[…] http://expert4x.com/the-magical-multiple-moving-average-forex-indicator-and-course/ […] 00 Rate this Reply
By Michael May 20, 2014 - 10:37 pm
Hi Alex. I was wondering how do you straddle the knot.Are you using Forex options? Thanks. Michael. 00 Rate this Reply
By Alex du Plooy May 28, 2014 - 11:21 pm
Merely place a buy and sell pending order above and below the knot 00 Rate this Reply
By Muhammad Khan February 9, 2014 - 11:21 pm
Hi Alex, I am new to this forum. I see you have lot of good stuff here. What different moving average are you using for above charts. Keep up the good work. Thank you
00 Rate this Reply
By LK January 4, 2014 - 10:10 am
Hi Alex, In one of your replies, you mentioned: #Remember that momentum indicators should NOT be used in trending markets and that MA’s are trending indicators.# Can you please kindly clarify this for me? Rgds, 00 Rate this Reply
By Alex du Plooy January 5, 2014 - 9:47 am
My experience is that momentum indicators give the best ENTRY signals in a range bound market – they give false signals in a trending market. MA’s are best used as an exit method in trending markets. They give whipsaw false ENTRY signals in a range bound market. But don’t ever take my word for it – do your own homework and let me know if you agree. Have a look at how MT4 classifies these indicators. Also bear in mind we are talking about these indicators as ENTRY signal indicators. The Multiple MA is an environmental analysis tool and does not provide the actual entry signals – it only provides information about the phase of the market 00 Rate this Reply By New Expert4x Forex Broker Spreads monitoring indicator | Expert4x May 13, 2013 - 1:24 pm
[…] The Magical Multiple Moving Average Forex indicator and course […] 00 Rate this Reply
By Ajay Dennis March 21, 2013 - 6:30 am
Hi Alex, Thanks for this great system. I really love the simplicity of it and can see that it can benefit my trading already. A couple of questions, I understand that you have said to use the settings which look best for us, and that is fine, am just curious though to know what settings you have used in these examples. Also, I also appreciate that it is up to our discretion to decide stop losses but would you please advise what you use with this system and what you use in distance away from pa for the straddle. Many thanks, Ajay 00 Rate this Reply
By Alex March 21, 2013 - 7:38 am
They are the 4 inceased by 4 settings as mentioned on this page. In general stops are determined by the system you use to split the buy and sell zones. So if you were using a moving average system your stops would be below the moving average when buying etc. So in general when in a buy place your initial stops in the sell zone and if in a sell place your initial stops in the buy zone. Fpr more information on options of where to place your stops please refer to this course “7 Simple-N-Easy places to put your stops in the Forex Market” http://forextrading-alerts.com/SimpleNEasy/Simple_N_Easystops.html 00 Rate this Reply
By Robert Perritt March 17, 2013 - 3:16 am
Alex and Mary, Just wanted to say thanks for the fabulous, unselfish job you two do for so many traders out here in the Forex World. I am just amazed at the FREE stuff you guys put out for all of us traders. I own and use some of your “for sale” trading methods that I bought and paid for but you guys are always giving away useful and valuable tools to add to our tool kits that can and does make money just like the ones we purchase! Out of the several years I’ve been following Expert4x, I’ve never gotten any junk! Just wanted to take the time to say “Thank You”. I have a system I use that actually uses Multiple Moving Averages very similar to what you are advocating here. It is very successful. You are correct! MMA’s give you a lot of information about what is going on in the market place. I have found, when I’m really stuck and getting beat up by the markets with my regular trading methods, I can pull out the MMA’s and fight back successfully. When all of the averages converge, it means different traders are agreeing on price but a disagreement is coming that will cause an explosion of price in one direction or the other. As you’ve suggested, straddling the compression area is a great way to catch this slingshot effect and ride it to profits! MMA’s might be the best way for someone new to trading to get started! If you’re new to trading Forex, here are tools that really work, for FREE! Incidentally, FYI, I paid $500 for a very similar system you are giving away here! $15.00 for the template is an incredible bargain! Especially when you consider how much money this thing can make! Thanks Alex and Mary! You are both wonderful people! God bless you both! And “Thanks” again! 00 Rate this Reply
By Alex March 17, 2013 - 6:24 am
Hi Robert – Thanks for your feedback – very much appreciated. We have been in this business for 10 years, and now is our time to give back to the industry and our traders for what we have received and the positive experiences we have had. Knowing that we have had a positive impact on only one Forex trader makes our efforts so worthwhile. Thanks again. 00 Rate this Reply
By Francois March 16, 2013 - 8:01 pm
Very very interesting indeed! And its KISS (keep it simple and stupid) Which MA’s do you use? Thank you 00 Rate this Reply
By Alex March 16, 2013 - 10:45 pm
You can use any MA setting as long as they look good to you. You can start at 4 and increase by 4 or 5 increased by 5 some even use Fib numbers 00 Rate this Reply
By Pete February 6, 2013 - 11:45 am
Hi Alex. I don’t know if you have tried this for your MMAs…..but I have found what follows gives you some pretty good signals for swing trading. Set your MAs on a daily time frame as follows:1 MA 4 2 MA 8 3 MA 12 4 MA 28 5 MA 32 6 MA 36 So you effectively have three short term MAs and three longer term MAs.
On the daily chart (say EURJPY) when you have a longer term swing trade, the signal stands out pretty well. However, to further improve the signal, run an RSI window below the chart at 20 and you will find for an upswing or Bull move, the RSI line is above 50 and below 50 for a downswing or Bear move. Both the chart and the RSI crossovers tend to correlate with each other. Naturally you are also looking at the MMAs for separation of MAs etc 00 Rate this Reply
By Alex February 6, 2013 - 12:09 pm
Very good – whatever makes the most sense to you will work. Remember that momentum indiators should NOT be used in trending markets and that MA’s are trending indicators. 00 Rate this Reply
By Bruce February 1, 2013 - 10:25 am
Hi Alex, I was just wondering with the MMA which MA method you used. (simple exponenial etc) Thanks Bruce 00 Rate this Reply
By Alex February 1, 2013 - 1:18 pm
You can use any method – they will all converge, diverge and consolidate at the same time 00 Rate this Reply
By Frank January 31, 2013 - 11:35 pm
Hi Alex, I added a Donchian 21 Channel to the charts. It makes trading breakouts much easier and you have direct information on the price levels in the past. Worth trying. Frank 00 Rate this Reply
By SuK January 3, 2014 - 11:43 pm
Hi Frank, Appreciate, if you could provide more details on “Donchian 21 Channel” indicator and the link to download the same. I did not find ” Donchian 21 Channel” in the standard MT4 platform. 00 Rate this Reply
By Alex du Plooy January 4, 2014 - 12:06 am
Yes the Donchian 21 Channel is not part of the MT4 standard indicators and for that reason we don’t use it. Have a go at Googling it. 00 Rate this Reply
By Dr.Paul Martin January 30, 2013 - 11:23 am
Dear Sirs, your buy Button to purchase the magic MA doesnt work.Please send another Link,Paul 00 Rate this Reply
By Alex January 30, 2013 - 11:40 am
Which buy button? 00 Rate this Reply
By Dr.Paul Martin January 30, 2013 - 6:14 pm
I clicked on the price but after reading it again it was clear that I can only purchase this indicaor on the 1.Februay.So that is what I will do,Paul 00 Rate this Reply
By John Houston January 30, 2013 - 1:27 am
This looks really good. I love MAs. I’ll get this…and I’d like to know what you mean by “profiles”….is there a web page that explains all this? Thanks again for the good indicator. John Houston Tampa, FL, USA 00 Rate this Reply
By Alex January 30, 2013 - 2:07 am
A profile is a standard term used in MT4: A profile is a screen setup that is saved so that you can call it up later or so that you can switch between different screen setups. Chart setups are refered to a templates. Go to File > profiles on MT4 for more info. The video will clarify this. 00 Rate this Reply
By John Houston January 30, 2013 - 10:18 pm
Okay, thanks, Alex. Got it. I just didn’t connect it w/ MT4. Looking forward to using this.
JH 00 Rate this Reply
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