Forex Hama MACD Swing Trading Strategy
Forex Hama MACD Swing Trading Strategy:
Time Frame 30 min or higher
Currency pairs:any.
Forex indicators
MACD with EMA (10, 20,6, 7);
Hama (3,13, 3).
Rules for Hama and MACD with EMA
Buy
1. Wait for theHama indicatorindicator to turn Blue in color.
2. Check the MACD for confirmation:
Aggressive Entry: a. Wait for a MACD histogram bar to form above the MACD signal line.Conservative Entry: The MACD histogram must cross above (or be above) the “0” center line ( 0.00020 level).
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When you get confirmation from the two indicators above, place a Buy trade as soon as the signal candle closes (or at the open of the next candle).
Sell
1. Wait for the Hama indicatorindicator to turn Redin color.
2. Check the MACD for confirmation:
Aggressive Entry: a. Wait for a MACD histogram bar to form below the MACD signal line.Conservative Entry: The MACD histogram must cross below (or be below) the “0” center line (- 0.00020 level).
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When you get confirmation from the two indicators below, place a Sell trade as soon as the signal candle closes (or at the open of the next candle).
Set the Stop Loss a few pips below the most recent swing low or under the Forex Profit Boost indicator.
Conservative Entry
Set the Take Profit Level at the same distance as the Stop Loss (1:1 risk-ratio). For example, if the Stop Loss is set at 30 pips then the Take Profit should be set at 30 pips.
Aggressive Entry (Scalping Entry)
Set the Take Profit with fast profit Target:
EUR/USD 12 pips, AUD/USD 11 pips, GBP/USD 14 pips, USD/CHF 10 pips, EUR/CHF 8 pips.
The vantage of this Aggressive Entry (Scalping Entry ) is the higher profitability.
The disavantage is the ratio Loss/Profit less.
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 Hama MACD Swing Trading Strategy?
- Download Forex Hama MACD Swing 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 Hama MACD Swing 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”.
