Forex Double MACD Momentum Trading Strategy

Forex Double MACD Momentum Trading Strategy

Forex Double MACD Momentum Trading Strategy:

Forex Double MACD Momentum Trading Strategy

Double MACD Momentum are two ideas for trading based on double MACD as filter.

The first template is more conservative. The second is more aggressive, this strategy is also for intraday trading.

The main differences between two templetaes are:

the different arrows, the first templete has also a momentum filter, the first template works good with renko chart and median renko chart (box size 5 pips or higher).

Time Frame 15 min

Currency pairs: majors.

Metatrader indicators:

Arrow 001;

Arrows and Curves;

MACD 12, 26, 1;

MACD 5, 15, 1;

Pivot Polints Levels;

Momentum T3 (14, 5).

Trading Rules Double MACD Momentum

First

Buy

Arrow 001;

Green bar;

MACD 12, 26, 1 >0

MACD 5, 15, 1 >0

Momentum T3 (14, 5)>MA

Sell

Arrow 001;

Red bar;

MACD 12, 26, 1 <0

MACD 5, 15, 1 <0

Momentum T3 (14, 5)<MA

Make profit with ratio 1.2v stop loss.

Place initial stop loss on the previous swing high/low.

Second

Buy

Arrow buy

MACD 5, 15, 1 > MACD 12, 26, 1

Sell

Arrow sell

MACD 5, 15, 1 < MACD 12, 26, 1

Exit at the opposite arrow or at the pivot points levels.

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 Double MACD Momentum Trading Strategy?

  • Download Forex Double MACD Momentum Trading 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 Double MACD Momentum Trading 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”.

Download Free Forex Double MACD Momentum Trading Strategy

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