Guppy Multiple Moving Averages Indicator For MT4 



Table Of Contents:

  1. Guppy Multiple Moving Averages Indicator For MT4 
  2. Selection of the time frame
  3. Execution of the trades
  4. Determining the stop loss and take profit
  5. Importance of major news
  6. Dealing with market volatility
  7. Trading the lower time frame

Trading the market with the help of a simple moving average is a very popular strategy. But it requires precise knowledge and years of experience to filter the best possible trades based on the readings of Simple Moving Average. This is where Guppy Multiple Moving Averages Indicator For MT4 comes into action. Just by following some few basic principles, you can easily make consistent profit by using the Guppy Multiple Moving Averages Indicator For MT4.

FREE Guppy Multiple Moving Averages Indicator

Download the FREE Guppy Multiple Moving Averages Indicator for MT4.

To receive my email 100% sure: 
Put my email on your whitelist!

 

Partially Automated Trading Besides Your Day Job

Alerts In Real-Time When Divergences Occur

 

The new traders might get confused by seeing the complex nature of the above figure. But things are really simple. There are two basic things you need to understand to use the Guppy Multiple Moving Averages Indicator For MT4. There are six red lines in the chart and these are known as the fast-moving average. And the six green lines is our slow moving average. If the fast moving average crosses below the slow moving average we can consider it as a bearish reversal signal. Similarly, when all the red lines cross above the slow moving average, we need to look for buying opportunity.

 

Selection of the time frame

Selecting the right time frame in the trading profession is very crucial. If you use the Guppy Multiple Moving Averages Indicator For MT4, you must focus on the higher time frame data. Those who intend to use it in the lower time frame must use other important parameters like price action confirmation signal and fundamental analysis. To avoid such hassle, the pro traders prefer to use it in the daily time frame. Though higher time frame trading strategy is extremely boring, still you need to follow the conservative trading method to find the best possible trades.

Execution of the trades

The trade execution process by using the Guppy Multiple Moving Averages Indicator For MT4 is really simple. You don’t have to analyze tons of market data. Just by having a simple knowledge on trend trading strategy you can easily find high-quality trades. However, you need to understand the fact, you will be trading the major and minor reversal of the market by using this indicator. Let’s see an example to make things easier.

 

 

Figure: Bearish crossover along with breach of the bullish trend line

 

From the above figure, you can clearly spot the bearish crossover in Guppy Multiple Moving Averages Indicator For MT4. The pro traders never execute short orders based on the indicators reading. They rely on simple trend reversal trading strategy. In the above picture, you can easily spot the break of the bullish trend line right after a bearish crossover. And this is phenomenon is our trade triggering ingredients. When it comes to long trade setup, you need to find such a clear break but in the bearish trend line and the reading in Guppy Multiple Moving Averages Indicator For MT4 must represent bullish crossover.

Determining the stop loss and take profit

Those who are experienced with Simple Moving Average trading strategy knows the complexities associated moving average trading strategy. In SMA based strategy, retail traders have to use a wide stop loss most of the time. But when you use the Guppy Multiple Moving Averages Indicator For MT4, you will never have to face such problems since you will be trading the market with the help of trend trading strategy. Once you spot a clear trade setup in the higher time frame, set the stop loss just above the bullish trend line for the short trade setup. And in the bullish scenario, you need to set the stop loss just below the bearish trend line.

Things might seem a little bit confusing for the rookie traders and its absolutely normal. Open a demo trading account and follow the guideline of this article to master the use of Guppy Multiple Moving Averages Indicator For MT4.

Importance of major news

Most of the major breakout in the currency pairs is nothing but the result of high impact news. You must keep yourself updated with the latest market news to use the Guppy Multiple Moving Averages Indicator For MT4 efficiently. Let’s consider, the EURUSD pair is in an uptrend. Currently, the price is testing the critical support level of the bullish trend line. After the New York trading session, you saw a sharp drop in the price of EURUSD resulting in a clear breach of the bullish trend line support level. This is nothing but the reflection strong positive data release in the U.S economy. So, wait for a minor retracement of the price and execute short orders if you have bearish crossover in the Guppy Multiple Moving Averages Indicator For MT4.

Dealing with market volatility

By now it should be pretty clear, you need to deal with the volatile market to make a profit by using the Guppy Multiple Moving Averages Indicator For MT4.To avoid heavy slippage, you need should never trade the breakout with a low-end broker. Find a reliable broker, who can offer you perfect trading condition even at the extreme market condition. But having access to a high-end broker is not enough. You should also consider the risk management policy. Make sure you are not executing the trades with more than 2% risk. Try to follow the conservative trading method since it will help you to embrace losing trades without having any stress.

Trading the lower time frame

Some of you might not prefer a higher time frame trading strategy. Does this mean you can’t use the Guppy Multiple Moving Averages Indicator For MT4 in the lower time frame? If you manage to learn price action trading strategy, you can also take advantage of the fast and slow-moving average of this indicator. We all know moving average acts as dynamic support and resistance level. So, if you spot any price action confirmation signal in the lower time frame, you can scalp the market with managed risk. But always remember, lower time frame trading strategy is extremely risky and it requires pin perfect execution of the trade.

Unless you have complete control over your emotions and precise knowledge on money management, you should never trade the lower time frame data. If necessary spend time in the demo trading environment to develop a perfect scalping strategy by using the Guppy Multiple Moving Averages Indicator For MT4.

 

About Me

I'm Mike Semlitsch the owner of PerfectTrendSystem.com. My trading career started in 2007. Since 2013 I have helped thousands of traders to take their trading to the next level. Many of them are now constantly profitable traders. 

The following performance was achieved by me while trading live in front of hundreds of my clients:

Connect With Me:  

Results From 5 Months!
This service starts soon! Be the first who get's notified when it begins!

This FREE Indicator Can Transform
Your Trading!

FREE Indicator + Telegram Group


Request the Ultimate Double Top/Bottom Indicator which is used by 10,000+ traders.