The Easy AMA Signal Forex indicator for MT4 represents a beginner friendly buy & sell technical indicator that works out of the box.
Key Points:
- A bullish trend bias occurs when price crosses the red signal line upwards.
- A bearish trend bias occurs when price crosses the red signal line downwards.
For scalping purposes, it’s recommended to utilize the Easy AMA Forex signal indicator during the London and U.S. trading sessions for best performance.
Free Download
Download the “AMA_STL.mq4” indicator for MT4
Indicator Example Chart (EUR/USD M15)
How to trade with it (example)?
Consider to open a buy trade whenever price crosses the red AMA signal line upwards. This is a buy signal.
Consider to open a sell trade whenever price crosses the red AMA signal line downwards. This is a sell signal.
Utilize a fixed take profit target to exit the trade, or close near prior resistance or support.
Place a stop loss above or below the previous swing high/low price.
Feel free to use your own favorite trading method to open and close trades with the Easy AMA Forex signal indicator.
Indicator Specifications
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Fast MA, slow MA, range, filter, n bars, color settings & style
Indicator type: AMA
Repaint? Does not repaint the red AMA buy/sell signal bar.
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Download the “AMA_STL.mq4” indicator for Metatrader 4
Installation:
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the AMA_STL.mq4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.