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2010.11.12 08:36
Indicators

Doda-EMA Indicator - indicator for MetaTrader 4

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Views:
32727
Rating:
votes: 4
Doda-EMA.mq4 (6.7 KB)view

Author:

Gopal Krishan Doda

Gives Buy, Sell and Exit signals based on EMA7, EMA14 and EMA21.

Some Rules:

Buy : When EMA7 > EMA14 and EMA7 > EMA21 and EMA14> EMA21

Sell: When EMA21 > EMA7 and EMA21 > EMA14 and EMA14 > EMA7

Also, shows lines on chart on gives signals.

Shows no. of pips passed in bracket after giving signal.

Works on all currency pairs and time frames.

Recommendations:

Always use stop-loss based on your risk-profile or by another indicator like Parabolic SAR.


Cut your losses small & ride the profit long.



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