MACD indicator forex trading is a non- repaint Forex indicator. Created from Exponential Moving Average, Simple Moving Average, MACD. Use this indicator with other analyses and get the idea to a price reversal. This Indicator has up & down Arrows, macd. Arrow signal validate after closing the current candle. you can apply for any time frame & any currency pairs.
How to trade with MACD indicator forex trading.
Don’t try to enter a trade, with arrow confirmation. If you choose to trade this indicator, filter with other analysis for better results. Mainly choose good trend filters. What are the good trend filters. The moving average is a good trend indicator. Mainly choose good trend filters. What are the good trend filters? The moving average is a good trend indicator. You can use several moving averages. It will help to filter & identify the real trends. 50 ema, 100 ema, 200 ema are good settings for ema.
Once, you got uptrend signal from moving average and if macd is agreed for up trend then you can enter to buy trade. Once, you got a downtrend signal from moving average and if macd is agreed for downtrend then you can enter a sell trade.
you can use the support & resistance lines to filter this macd indicator. Once you get a signal macd red bar is below 0 lines with resistance, then you can enter sell trade. If macd green bar appears near the support line then you can enter for a buy trade. If you can use the price action method with this indicator you can get better results. However, don’t enter to trade high impact Forex market news time. Wait, until half an hour after end of the news.
When you enter your trade do place stop loss.
Use higher high or lower low.
Exit trade when received the opposite signal or as you wish.
Otherwise, you can use a Trailing Stop.
Use SL. & TP. your own way.