Forex MACD Divergence Trading Strategy
Forex MACD Divergence Trading Strategy;
The divergence between MACD line and the currency pair rate is the basic signal in this strategy.
Any currency pair and timeframe should work.
Indicators: MACD (12, 26, 9).
Long Entry Position:
when the price shows a bearish trend and MACD indicator shows a bullish trend.
Short Entry Position:
when the price shows a bullish trend and MACD indicator shows a bearish trend.
Exit Position:
Set stop-loss to the nearby support level, when going Long, or to the nearby resistance level, when going Short.
Set take-profit to the next resistance level for Long positions, or to the next support level for Short positions.
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 Divergence Trading Strategy?
- Download Forex MACD Divergence 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 Divergence 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”.
