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.