Double MA Indicator V1.01 MT4

Double MA Indicator V1.01 MT4 – A Simple Yet Powerful Trend-Following Tool for Traders

Identifying market trends early and entering at the right moment is one of the biggest challenges for new and experienced traders. While many traders rely on complex systems or costly premium indicators, sometimes the most effective solutions are the simplest ones. The Double MA Indicator V1.01 MT4 is a perfect example of this concept: a lightweight, reliable, and highly accurate indicator based on the synergy of two moving averages.

In this detailed guide, we will explore what the Double MA Indicator does, how it works, how to use it, the best settings, and why thousands of traders rely on it for trend confirmation, entry timing, and overall market structure analysis.

What Is the Double MA Indicator V1.01 MT4?

The Double MA Indicator uses two moving averages—usually one fast and one slow—to detect the trend direction and generate actionable trading signals.

The two moving averages cross over, signaling:

Trend reversals
Trend continuation
Market momentum changes
Entry and exit opportunities

This indicator eliminates noise and provides a cleaner view of the market, making it ideal for:

Forex traders
Gold traders
Crypto/CFD traders
Indices and commodities traders

Because it works on the MT4 platform, it offers compatibility with:

Manual traders
Algorithmic traders
Scalping strategies
Swing trading strategies
Trend-following systems

Why Double Moving Averages Work So Well

The idea behind combining two moving averages is not new, but it remains one of the most reliable trend strategies ever created. Here’s why the Double MA strategy continues to dominate:

1. Reduces Market Noise

The combination of fast and slow moving averages smoothes out price fluctuations and filters out false market movements.

2. Provides Clear Trend Direction

When the fast MA crosses above the slow MA, it indicates a bullish trend. When it crosses below, the trend turns bearish.

3. Works on All Timeframes

Whether you’re scalping on M1 or holding trades on H4, the Double MA Indicator adapts without losing accuracy.

4. Helps Time Entries Perfectly

Unlike single MA indicators, Double MA signals give more precise entry zones with less lag.

5. Supports All Trading Styles

Scalpers, day traders, and swing traders all benefit from clear market direction.

Key Features of Double MA Indicator V1.01 MT4

Here are the standout features that make this indicator so popular among traders worldwide:

1. Dual Moving Average Algorithm

The indicator uses a fast and slow moving average to generate high-quality buy and sell signals.

2. Color-Changing Trend Line

Trend direction visually changes color, improving clarity:

Green for bullish
Red for bearish

3. Non-Repainting Formula

This indicator does not repaint, ensuring that signals remain accurate even after the candle closes.

4. Works on All Forex Pairs and Assets

EURUSD
GBPUSD
Gold (XAUUSD)
US30 & NAS100
Crypto pairs (BTCUSD, ETHUSD)

5. Lightweight and Fast

It does not lag or slow down MT4, making it suitable even for low-spec PCs or when running multiple indicators.

6. Fully Customizable

You can modify:

MA periods
MA type (SMA, EMA, SMMA, LWMA)
Colors
Alert settings

How the Double MA Indicator Generates Signals

To get the best results, it’s important to understand how the indicator works internally.

1. The Fast Moving Average

Represents short-term price movement and reacts quickly to changes.

2. The Slow Moving Average

Shows long-term market direction and stabilizes the overall trend.

3. Crossover Signals

The most important part of this indicator:

Buy Signal:
Fast MA crosses above the slow MA
Sell Signal:
Fast MA crosses below the slow MA

4. Trend Strength Confirmation

When the two MAs spread apart, it indicates strong trend momentum.

5. Pullback Entries

When price touches or retests the fast MA after a crossover, it often provides ideal entry points.

Best Settings for Double MA Indicator V1.01 MT4

The default settings work well for most markets, but here are the recommended settings for different trading styles:

For Scalping (M1, M5):

Fast MA: 5 EMA
Slow MA: 20 EMA

For Day Trading (M15, M30):

Fast MA: 9 EMA
Slow MA: 50 EMA

For Swing Trading (H1, H4):

Fast MA: 20 EMA
Slow MA: 100 EMA

For Gold (XAUUSD):

Fast MA: 10 EMA
Slow MA: 50 EMA

For Crypto:

Fast MA: 14 EMA
Slow MA: 50 EMA

These combinations are tested and widely used by professional traders.

How to Install Double MA Indicator V1.01 MT4

Installation is simple:

Download the Double MA indicator (.ex4 file).
Open MT4.
Click File → Open Data Folder.
Go to MQL4 → Indicators.
Paste the .ex4 file inside.
Restart MT4.
Attach the indicator to any chart.

How to Use the Double MA Indicator for Trading

Let’s break down a complete trading strategy using this indicator.

1. Detect Trend Direction

Fast MA above slow MA = uptrend
Fast MA below slow MA = downtrend

2. Enter on Pullbacks

Wait for price to retrace toward the moving average.

3. Confirm the Signal

Check for:

Candlestick confirmations
Higher highs in uptrend
Lower lows in downtrend

4. Set Stop Loss

Place SL below the last swing low (for buy) or above last swing high (for sell).

5. Take Profit Levels

TP1 at next structure zone
TP2 at extended MA distance
Or use trailing stop on MA touch

Example Buy Setup

Slow MA trending upward
Fast MA crosses above slow MA
Price retraces back to fast MA
Bullish candle forms
Entry triggered

This type of setup appears frequently and is one of the most reliable trend entry models.

Example Sell Setup

Slow MA trending downward
Fast MA crosses below slow MA
Price retraces toward MA
Bearish candle appears
Sell entry triggered

Works extremely well on trending pairs like GBPUSD and USDJPY.

Advantages of the Double MA Indicator V1.01

Here’s why traders love this indicator:

Easy to understand
No complex calculations
Works on all markets
Adaptable to any trading strategy
Helps reduce emotional trading
Ideal for beginners and advanced traders

Limitations to Consider

No indicator is perfect. Double MA has minor limitations:

It may lag in ranging markets
Crossover signals sometimes appear late
Works best when combined with price action

To increase accuracy, pair it with:

RSI
MACD
Support/Resistance
Trendline structures
Volume analysis

Who Should Use This Indicator?

This indicator is perfect for:

Beginners learning market structure
Traders who want clean charts
Trend followers
Swing and position traders
Scalpers using M1 or M5
Traders who struggle with false signals

The Double MA Indicator makes the trend obvious and simplifies decision-making.

Final Verdict: Is the Double MA Indicator Worth Using?

Yes. The Double MA Indicator V1.01 MT4 remains one of the most reliable and effective tools for trend-based trading. Its simplicity, accuracy, non-repainting nature, and customization options make it suitable for all levels of traders.