Forex MTF Color MACD Swing Trading Strategy
Forex MTF Color MACD Swing Trading Strategy:
Time Frame H1
Currency pairs any.
Metatrader indicators:
MACD cross arrows alert (7, 22, 9);
MTF MACD in color 240 min setting (7, 19, 7)
Support and Resistance.
Sell
MTF MACD metatrader indicator in color Red bar . Red arrow appears on close of candle. Enter position short only at the next candle on the breaks of low of setup candle, If no break do not sell and cancel the pending order trade.
Buy
MTF MACD metatrader indicator in color Green . Green arrow appears on close of candle. Enter position long only at the next candle on the breaks of high of setup candle, If no break do not buy and cancel the pending order trade.
Exit position options:
At opposite arrow;
Profit Target 14-22pips (the best option);
exit on the suppor or resistance: if the price touches Higher Resistance or Lower Suppport exit;
Stop loss 20 pips below or above setup bar.
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 MTF Color MACD Swing Trading Strategy?
- Download Forex MTF Color 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 MTF Color 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”.
