Forex MACD trend following strategy is based on the MACD and the EMA channel.
Metatrader Indicators :
- Exponential Moving Average (50, High) BROWN
- Exponential Moving Average (50, LOW) BROWN
- Exponential Moving Average (15, Close) VIOLET.
- MACD (15, 70, 1, 24).
- Chart Timeframe : Any timeframe.
- Currency Pairs : Any Pairs
Long Position Entry :
1. When the MACD Bars are GREEN.
2. Or When the 15-EMA is ABOVE the 50-EMA Channel.
Short Position Entry :
1. When the MACD Bars are RED.
2. Or When the 15-EMA is BELOW the 50-EMA Channel.
Exit Rules :
How to install Files?
- Download *.zip file.
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader
- Select Chart and Timeframe where you want to test your forex strategy
- Right click on your trading chart and hover on “Template”
- Move right to select Template
- You will see Trading System strategy is available on your Chart