guppy multiple moving averages
Info
The guppy multiple moving averages is a Indicator for MetaTrader 4 that the daily strategy by daryl guppy is implemented using this indicator. originally this system was designed for the securities market, but has been later modernized for the currency market as well.
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 guppy multiple moving averages
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
the daily strategy by daryl guppy is implemented using this indicator.
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: source code for multiple orders - another powerful indicator for MetaTrader 4 traders.
the daily strategy by daryl guppy is implemented using this indicator.
Also recommended: multiple moving averages (mas) - similar indicator with strong performance on MetaTrader 4.
originally this system was designed for the securities market, but has been later modernized for the currency market as well.recommendations:
currency pairs with usd.
time frame — daily.
however, there is no restriction on using other currency pairs and time frames.
indicators:
the first (fast) set consists of 6 moving average with periods of: 3, 5, 8, 10, 12, 15 (in this indicator they are red).
the second (slow) set consists of 6 moving average with periods of: 30, 35, 40, 45, 50, 60 (in this indicator they are green).
the records regarding the binary options feature a 13-th moving average with a period of 200 (implemented in this indicator and colored in blue).
the trading conditions will not be described, as the detailed information is easy to find on the internet, but for the lazy there is a couple of links:
take the time to follow the link once more and read carefully!
recommendations:
a favor, to be exact: i am merely learning programming and do not know much, but... if anyone has an idea about the improvement of the indicator, feel free to write me. i would be interested in trying to implement your ideas!
You may also like: daily trend indicator for multiple currency pairs - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
#property indicator_chart_window
#property indicator_buffers 15
#property indicator_plots 15
/*
1.00
- (daryl guppy)........
⚠ 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.