Forex MACD Coral Trading Strategy
Forex MACD Coral Trading Strategy:
MACD with Coral is a simple trading system trend following based only on two indicators MACD oscillators with alert arrow on the chart and the coral as filter. The coral filter has a period that depends by time frame. This strategy is suitable for martigale as money management.
Time frame 15 min or higher
Currency pairs: majors and minors.
Metatrader 4 indicators setting
Slow MACD alert with arrow on the chart (24, 52, 45).
Coral filter:
5 min, 15 min 260 periods –
30 min 180 periods –
60 min 120 periods-
4H 30 periods.
Trading rules MACD with Coral
Find the currency pairs in trend at the higher time frame.
Buy
Price above coral line.
Arrow buy of MACD oscillator.
Place initial stop loss belw the previous swing arrow.
Make profit with predeterminated profit target that depends by currency pairs and time frame.
Sell
Price below coral line.
Arrow sell of MACD oscillator.
Place initial stop loss belw the previous swing arrow.
Make profit with predeterminated profit target that depends by currency pairs and time frame.
Option with two Corals
You can add. An double filter with two corals. The first coral is relative to the time frame per second + 20 periods, for example 4H time frame coral is 30 period the second coral is 50 period. when the two corals are overlapped or too close they do not trade.
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 MACD Coral Trading Strategy?
- Download Forex MACD Coral 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 MACD Coral 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”.
