Double Smoothed EMA Indicator V1.0 MT5 A Powerful Forex Trading Tool

By: Swarnalata

Published on: Apr 12, 2025

Are you searching for a reliable and efficient trading strategy for MetaTrader 5? The Double Smoothed EMA Indicator V1.0 MT5 is a cutting-edge Expert Advisor (EA) designed to enhance your Forex trading performance. This EA uses a double-smoothed Exponential Moving Average (EMA) strategy to identify high-probability trade setups with precision.

In this article, we’ll explore:
✔ How the Double Smoothed EMA Indicator V1.0 MT5 works
✔ Best currency pairs and timeframes to use
✔ Minimum deposit required
✔ Key features and benefits
✔ Where to download the EA and join our Telegram community

How the Double Smoothed EMA Indicator V1.0 MT5 Works

The Double Smoothed EMA Indicator V1.0 MT5 is built on a sophisticated algorithm that filters market noise and provides accurate trend signals. Here’s how it takes trades:

1. Dual EMA Smoothing for Enhanced Accuracy

The EA uses two layers of EMA smoothing to reduce false signals.

The first EMA tracks the short-term trend, while the second EMA smooths the data further for a cleaner trend confirmation.

This dual-layered approach minimizes whipsaws and improves trade reliability.

2. Trend Confirmation Before Entry

The EA waits for price alignment with the smoothed EMAs before executing trades.

A buy signal is generated when price is above the smoothed EMAs, indicating an uptrend.

A sell signal is triggered when price is below the smoothed EMAs, confirming a downtrend.

3. Dynamic Stop Loss & Take Profit

The EA adjusts Stop Loss (SL) and Take Profit (TP) levels based on volatility.

Risk management is automated to protect capital while maximizing profit potential.

4. Trade Execution Logic

Entry: Trades are opened only when the trend is strong and confirmed by the smoothed EMAs.

Exit: Positions are closed when the trend weakens or when TP/SL levels are hit.

Best Currency Pairs & Timeframes

For optimal performance, the Double Smoothed EMA Indicator V1.0 MT5 works best on the following settings:

Recommended Currency Pairs:

EUR/USD (High liquidity, tight spreads)

GBP/USD (Strong trending movements)

USD/JPY (Good volatility for EMA strategies)

AUD/USD (Works well in trending markets)

XAU/USD (Gold) (Effective for long-term trends)

Best Timeframes:

M15 (15-minute chart) – For short-term scalping

H1 (1-hour chart) – Ideal for intraday trading

H4 (4-hour chart) – Suitable for swing trading

D1 (Daily chart) – Best for long-term trend following

Minimum Deposit & Account Requirements

To run the Double Smoothed EMA Indicator V1.0 MT5 effectively, we recommend:

Minimum Deposit: $100 (For safe risk management)
Leverage: 1:100 or higher (To maximize trade opportunities)
Broker Type: ECN/Raw Spread (For lowest slippage & best execution)

This EA is compatible with MetaTrader 5 (MT5) and works with most Forex brokers.

Why Choose the Double Smoothed EMA Indicator V1.0 MT5?

✔ Reduced False Signals – Dual EMA filtering improves accuracy.
✔ Automated Trading – No manual intervention needed.
✔ Adaptive Risk Management – Adjusts SL/TP based on market conditions.
✔ Works on Multiple Pairs – Flexible for different Forex instruments.
✔ Easy to Install – Simple setup with clear instructions.

Final Thoughts

The Double Smoothed EMA Indicator V1.0 MT5 is a robust trading tool that enhances trend-following strategies with its advanced filtering mechanism. Whether you’re a scalper, day trader, or swing trader, this EA can help you capitalize on market trends with precision.

Start with a $100 minimum deposit, apply it on recommended pairs like EUR/USD or GBP/USD, and run it on H1 or H4 timeframes for the best results.