442# MTF MACD in Color Trading System

Multi Time Frame Cross MACD Strategy

Sumit by Alfio 25/03/2013

 

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.

 Rules

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 the pictures MTF MACD In color forex system in action.

MTF MACD In color Trading System
MTF MACD In color Trading System
Indicators MTF MacAD in color
Metatrader: Indicators MTF MacAD in color
Indicator MTF MacAD in color.rar
compressed file archive 5.3 KB
mtf macd in color trading system template
mtf macd in color trading system template
mtf macd in color trading system templat
compressed file archive 1.1 KB

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