Forex 2 Cross MACD Trend Following Strategy
Forex 2 Cross MACD Trend Following Strategy;
Pairs: all
Time Frame: 4H or Daily.
Indicators:
Ema: 50, 100.
Ema: 5, 15.
MACD Istogramm (12, 26,9).
Enter long position:
EMA 5 crosses up 15 EMA, MACD lines also crossed (Histogramm green), price is above Ema 50 and Ema 100;
Enter Short position:
MA 5 crosses down 15 EMA, MACD lines also crossed(Histogramm red), price is below Ema 50 and Ema 100;
Exit position: when crosses lines MACD or Ema 5 and 15 crosses in opposite direction.
Stop loss:place stop loss on the Ema 50.
Take Profit: 60 pips EUR/USD, 70 pips GBP/USD 4H Time Frame, for Daily time frame 200pips EUR/USD , 250 pips GBP/USD
Do not trade when the price is between Ema 50 and Ema 100.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex 2 Cross MACD Trend Following Strategy?
- Download Forex 2 Cross MACD Trend Following Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex 2 Cross MACD Trend Following Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
