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.
MACD cross arrows alert (7, 22, 9);
MTF MACD in color 240 min setting (7, 19, 7)
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.
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.
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