EM A-Crossover Signal
Info
The EM A-Crossover Signal is a Indicator for MetaTrader 4 that if there is a minus (for example, at 9:15) and an opposite signal appears, close the minus immediately as the plus will compensate. This system is not suitable during news events.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use EM A-Crossover Signal
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
If there is a minus (for example, at 9:15) and an opposite signal appears, close the minus immediately as the plus will compensate.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: Chandelier Exit for MT4: A Precise Port with Enhanced Signal Statistics - another powerful indicator for MetaTrader 4 traders.
If there is a minus (for example, at 9:15) and an opposite signal appears, close the minus immediately as the plus will compensate.Also recommended: Range Filter Buy and Sell Indicator for MT4 with Signal Statistics - similar indicator with strong performance on MetaTrader 4.
This system is not suitable during news events. Wait for the market to stabilize.
Avoid using this system during periods of high volatility, especially with 10-point fluctuations, as it may become a hassle.
Important: The signal for opening is valid only if the difference between EMA3 and EMA7 is at least 3 points. Otherwise, you may encounter consecutive minuses, which can occur in thin, flat markets.
You may also like: UT Bot Alerts for MT4: Signal Statistics and Session Filtering - excellent alternative for indicator users on MetaTrader 4.
Source Code
/*
+------------------------------------------------------------------+
| allows you to enter two ema periods and it will then show you at |
| which point they crossed over. it is more usful on the shorter |
| periods that get obscured by the bars / candlesticks and when |
| the zoom level is out. also allows you then to remove the emas |
| from the chart. (emas are initially set at 5 and 6) |
+------------------------------------------------------------------+
*/
#property copyright "robotfx".......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.