Forex Two SMA MACD Trading System
Forex Two SMA MACD Trading System:
Time Frame 15 min or higher
Currency pairs: all
Chart setup:
Indicators
• Moving average set to period = 50.
• Moving average set to period = 100
• MACD – you need the ‘MACD True from Swingman’ indicator in your platform’s
Use the 2 sma macd template from the templates zip to do the setting up for you.
Here is the system:
Long trades:
1) Wait for the currency to trade above both the 50 SMA and 100 SMA.
2) Once the price has broken above the closest SMA by 10 pips or more, enter long if MACD
crosses to positive within the last five bars, otherwise wait for the next MACD signal.
3) Initial stop set at five-bar low from entry.
4)Exit half of the position at two times risk; move stop to breakeven.
5)Exit second half when price breaks below 50 SMA by 10 pips.
Do not take the trade if the price is simply trading between the 50 SMA and 100 SMA
Short trades:
1) Wait for the currency to trade below both the 50 SMA and 100 SMA.
2) Once the price has broken below the closest SMA by 10 pips or more, enter short if MACD
crosses to negative within the last five bars; otherwise, wait for next MACD signal.
3) Initial stop set at five-bar high from entry.
4) Exit half of the position at two times risk, move the stop to breakeven.
5) Exit remaining position when the price breaks back above the 50 SMA by 10 pips.
Do not take the trade if the price is simply trading between the 50 SMA and 100 SMA
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 Two SMA MACD Trading System?
- Download Forex Two SMA MACD Trading System.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 Two SMA MACD Trading System?
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”.
