Dual MACD Forex Trading Strategy comes with a package of the template and supporting indicators. Like all the other MT4 and MT5 indicators and trading strategies, this trading strategy is free to download. You can download other useful indicators from our Indicator's gallery.
Dual MACD Forex trading strategy is Oscillating indicators that are often used as entry signals for mean reversion strategies. This is very logical because oscillating indicators are good at identifying oversold and overbought market conditions, or at least eyeballing an overextended trending market.
However, adjusting an indicator’s parameters could make a huge difference in whether an indicator could be made responsive enough to use for short-term trades.
The idea behind Dual MACD Forex Trading Strategy is to use the faster MACD as an entry signal while using the slower MACD as a confirmation that the main trend still hasn’t shifted directions. Using this strategy trader can able to enter on the retracements because the faster MACD is sensitive enough to provide signals during retracements.
Try this Dual MACD Forex Trading Strategy with a reputable broker on a free account:
Timeframe: 1H chart and above
Currency Pair: any pair except large spread
Trading Session: On the 1H chart preferably when one of the currencies’ market is open (Ex: GBPUSD – London or New York session); 4H charts and above could be any trading session.
How to use Dual MACD Forex Trading Strategy?
Buy Setup
Entry
- Price should be above the 50 EMA
- Both MACDs should be above zero
- Price should retrace, touch and bounce off the 50 EMA
- Fast MACD should retrace, go below the zero and bounce above it in three candles or less
- Enter a buy market order on the candle close corresponding to the fast MACD’s cross above the zero line
Stop Loss
- Set the stop loss at the swing low below the entry candle
Take Profit
- Set the take profit at 1x the risk on the stop loss
Sell Setup
Entry
- Price should be below the 50 EMA
- Both MACDs should be below zero
- Price should retrace, touch and bounce off the 50 EMA
- Fast MACD should retrace, go above the zero and bounce below it in three candles or less
- Enter a sell market order on the candle close corresponding to the fast MACD’s cross below the zero line
Stop Loss
- Set the stop loss at the swing high above the entry candle
Take Profit
- Set the take profit at 1x the risk on the stop loss
How to download and install an indicator?
To install the indicator on your MT4 platform, you need to follow these steps:
- Click on the “Download Indicator” button located at the bottom of the post.
- Save the file to your computer.
- Extract and move the files into the MT4>Indicator folder of the MetaTrader4 software file directory.
- Restart your Metatrader platform.
- Navigate to “Indicators.”
- And select the “Dual MACD Forex Trading Strategy” template to apply it on the chart.
Note: This indicator was developed by FxKings. AtoZ Markets does not carry any copyrights over this trading tool.
Should you use the Dual MACD Forex Trading Strategy on your own at all?
Before you start trading with this trading strategy, you'll want to read this.
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This article was updated by Shulammite on 12th April 2022 and originally created on 25th February 2020.
