Forex MACD Reversal Scalping Strategy
Forex MACD Reversal Scalping Strategy;
This Scalping reversal system is based on the 4MACD indicator.
I write the setting for this currency pairs: USD/CHF, GBP/USD, EUR/USD, AUD/USD.
Time Frame 15 min.
Forex Indicator:
1° MACD indicator (17,7,5);
2° MACD indicator (5 ,13,5);
3° MACD indicator (17,14,5);
4° MACD indicator (12,18,4);
Arrow indicator (CCI arrow indicator, 21) ;
Bollinger bands indicator (22, 2).
Draw in the MACD indicator, two horizzontal line.
Buy
When the histogram MACD green bars breaks downward the horizzontal green line, entry at the first buy arrow.
Sell
When the histogram MACD red bars breaks upward the horizzontal red line, entry at the first sell arrow.
Exit Position
At opposite arrow or at the middle band of the bollinger bands indicator.
Stop loss
Place Stop loss on the previous swing.
Horizontal line levels on 4MACD indicator
USD/CHF (0.00060; -0.00060);
GBP/USD EUR/USD AUD/USD (0.00080- (0.00080).
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 Reversal Scalping Strategy?
- Download Forex MACD Reversal Scalping 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 Reversal Scalping 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”.
