You can now download the MACD Bars Forex Trading Strategy for free on AtoZ Markets indicators gallery.
This trading strategy is based on Rads MACD and AMA_optimized indicators. The Rads MACD on its own has the potential to be a good indicator to base a profitable trading strategy on. However, for this strategy, we will be pairing it with AMA_optimized custom indicator.
The AMA_optimized indicator will serve as a filter and an early indication of a possible reversal and potential start of a trend. The AMA_optimized indicator is basically a moving average based indicator that plots blue dots whenever it detects a bullish trend and red dots if it detects a bearish trend. As such, we will be looking for possible buy setups if the AMA_optimized indicator starts printing blue dots, and sell setups if it starts printing red dots.
- AMA_optimized: 14-period
Currency Pair: any
Timeframe: 5-minute, 15-minute, 30-minute, 1-hour, 4-hour and daily charts
Trading Session: any
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How to Trade with MACD Bars Forex Trading Strategy
Buy (Long) Trade Setup
- Price must be above the AMA_optimized line
- The AMA_optimized indicator should print a blue dot
- The Rads_MACD indicator should print a lime bar above the zero line
- Place a buy order on the confluence of the above rules
- Place the stop loss at the support below the entry
- Close the trade as soon as three consecutive red histogram bars are printed by the Rads_MACD
Sell (Short) Trade Setup
- Price must be below the AMA_optimized line
- The AMA_optimized indicator should print a red dot
- The Rads_MACD indicator should print a red bar below the zero line
- Place a sell order on the confluence of the above rules
- Place the stop loss at the resistance above the entry
- Close the trade as soon as three consecutive lime histogram bars are printed by the Rads_MACD
How to download and install an indicator
In order 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 screen.
- Save the file to your computer.
- Extract and move the files into the MT4>Indicator folder of the MetaTrader5 software file directory.
- Restart your Metatrader platform.
- Navigate to “Indicators.”
- And select the “MACD Bars Forex Trading Strategy” template to apply it on the chart.
Note: This indicator was developed by Jack. AtoZ Markets does not carry any copyrights over this trading tool.
Should you trade Forex using MACD Bars forex trading strategy on your own at all?
Before you start trading Forex with this MACD strategy, you'll want to read this.
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