Double MA Indicator V1.01 MT4 – Full Review & Trading Guide


If you've ever struggled with confusing market movements or felt unsure about where a trend begins or ends, you’re not alone. Many traders jump into trades way too early or far too late — mostly because they rely on a single indicator that can’t filter noise. That’s exactly where the Double MA Indicator V1.01 MT4 becomes a game-changer.


This indicator uses two Moving Averages (MAs) to identify trend direction, momentum strength, and potential reversal points with far more clarity than a single MA. Whether you're a beginner who wants a clean entry strategy or an experienced trader fine-tuning your system, this tool fits perfectly.


In this detailed review, we’ll walk through how the indicator works, its features, how to install it, the best settings, and how to use it to boost your trading accuracy in MT4.


What Is the Double MA Indicator V1.01 MT4?


The Double MA Indicator V1.01 is a trend-following MT4 indicator that uses two Moving Averages (usually a fast MA and a slow MA) to generate clear signals for entries and exits. Unlike standard MA cross indicators, this updated version focuses on:



  • Removing chart noise

  • Reducing false signals

  • Smoothing market structure

  • Highlighting genuine trend momentum


Moving Averages have always been a backbone of technical analysis. But combining two MAs gives a much clearer confirmation of when a trend is strong, weak, reversing, or consolidating.


The indicator works on all timeframes and all currency pairs, including forex majors, metals, indices, and crypto pairs available in MT4.



Key Features of Double MA Indicator V1.01 MT4


Here are the core features that make this indicator effective and beginner-friendly:


1. Dual MA Cross System


Shows buy/sell signals when the fast MA crosses the slow MA.


2. Noise Reduction


Smoothed MA formulas filter out small price movements.


3. Accurate Trend Identification


Instantly tells you whether the market is bullish, bearish, or sideways.


4. Works on All Timeframes


M1 scalpers, H1 swing traders, H4 position traders — everyone can use it.


5. Multi-Asset Compatibility


Pairs, gold, indices, oil, crypto — fully supported in MT4.


6. Easy to Read Color Signals


Buy and sell zones are easily visible without clutter.


7. Extremely Lightweight


Does not slow down MT4, even if used on multiple charts.


8. Beginner-Friendly Setup


No complex settings — plug and play.


9. Alerts for Crossovers


Sound, notification, and popup alerts available.


10. No Repaint


All signals remain fixed after candle close.


How the Indicator Works


The logic is simple but powerful:



  • Fast MA above Slow MA → Market is in uptrend → Buy opportunities

  • Fast MA below Slow MA → Market is in downtrend → Sell opportunities


This dual-MA combination creates a systematic approach to reading the chart.


Buy Signal Example


✔ Fast MA crosses above slow MA
✔ Candles close above both MAs
✔ Trend momentum increases


Sell Signal Example


✔ Fast MA crosses below slow MA
✔ Candles close under both MAs
✔ Downtrend strengthens


By combining these signals with basic price action, traders get extremely accurate confirmations.


Why Traders Prefer Double MA Indicator V1.01


Many traders rely on this indicator because:



  • It simplifies complex data

  • Helps avoid emotional entries

  • Offers crystal-clear direction

  • Works perfectly with support/resistance

  • Filters fake breakouts

  • Reduces bad trades caused by price noise


For those tired of confusing EAs and over-complicated indicators, Double MA brings clarity and structure.


Recommended Settings


Though you can customize Moving Averages, these settings work best for most markets:


Option A: Default Trend Setup (Beginner Friendly)



  • Fast MA: 9 EMA

  • Slow MA: 21 EMA
    Perfect for intraday and swing trading.


Option B: Scalping Setup



  • Fast MA: 5 EMA

  • Slow MA: 10 EMA


Option C: Long-Term Trend Setup



  • Fast MA: 20 SMA

  • Slow MA: 50 SMA


You can modify the color and MA method (SMA, EMA, SMMA, LWMA). EMA is generally preferred for fast-moving markets.


How to Install the Double MA Indicator V1.01 MT4


Installing the indicator is simple:


Step 1 – Download the Indicator File (.ex4)


Save the indicator to your PC.


Step 2 – Open MT4


Go to:
File → Open Data Folder


Step 3 – Navigate to the Indicators Folder


Open:
MQL4 → Indicators


Step 4 – Paste the .ex4 File


Drop the file inside the “Indicators” folder.


Step 5 – Restart MT4


Step 6 – Attach Indicator to Chart


Go to Navigator → Indicators → Double MA Indicator V1.01
Drag it onto your chart.


That’s it. It loads instantly and starts analyzing data.


How to Use This Indicator for Trading


Here’s a practical way to trade with it:


1. Trend Trading Strategy


Buy Rules:



  • Fast MA crosses above slow MA

  • Price stays above both MAs

  • Enter after candle close


Exit:



  • Opposite MA cross

  • Or use a trailing stop


2. Breakout Confirmation Strategy


Use the MAs to confirm real breakouts:



  • If price breaks support but stays above both MAs → fake breakout

  • If price breaks resistance and MAs align upward → genuine breakout


This works especially well for gold and GBPUSD.


3. Pullback Trading


When the trend is strong:



  • Wait for price pullback toward the slow MA

  • Enter when it bounces and fast MA stays above/below


This increases reward-to-risk ratio.


Best Timeframes to Use


The Double MA Indicator works on all timeframes, but these are best:



  • Scalping: M1, M5

  • Intraday: M15, M30

  • Swing: H1, H4


For gold and indices, M15–H1 is ideal.



Performance Overview


While performance depends on market conditions, typical results for traders using this indicator include:



  • 65–75% signal accuracy

  • Reduced false entries

  • Better trend continuation trades

  • More confident decision-making


Using MA crossovers is mathematically consistent, which is why so many professional traders use them.


Pros & Cons


Pros



  • Clear buy/sell signals

  • No repainting

  • Lightweight and fast

  • Beginner-friendly

  • Works across all markets


Cons


– Late entries during fast volatility
– Should be combined with price action for best results


Who Should Use This Indicator?


This tool is ideal for:



  • Beginner traders

  • Trend-followers

  • Scalpers

  • Swing traders

  • Traders looking for simple confirmation

  • Anyone who needs clean charts instead of clutter


If you want structured, objective entries, this indicator helps you trade without confusion.


Conclusion


The Double MA Indicator V1.01 MT4 is simple but extremely powerful when used correctly. It’s perfect for identifying trend direction, spotting early reversals, and jumping into winning trades at the right time. With customizable settings and clean visual signals, it becomes a must-have tool for any MT4 trader seeking consistency.


Join our Telegram for the latest updates and support


Happy Trading