MACDosMA Forex Indicator gives all information a trader needs to make an informed trading decision. MACDosMA can be highly profitable its rules are followed with discipline. The rules are really simple. It is useful for the newbie as well as for the experienced traders. This indicator is based on the trend following strategy. It may not perform well in sideways market. Ability to figure out if the market is trending rests on the hands of the traders.
When you install MACDosMA indicator in your trading platform, your chart should look like this:
MACDosMA is nothing more than a customized moving average with some arrows in it. When the market is up trending this indicators is purple and when the market is trending downwards, its color is red. The white arrows signal the potential bullish move and the red arrows indicate possible down trend.
Buying Conditions Using MACDosMA.
Market should be up trending.
Market should be bouncing from the recent support.
MACDosMA should be purple.
Place your long position as soon as above conditions are met.
Place your stop loss just below the recent swing low.
Take your profit when the MACDosMA turns red.
Forex Cauchy Sequence Indicator
Selling Conditions Using MACDosMA indicator.
Market should be down trending.
Market should be falling from the recent resistance.
MACDosMA should be red.
Place your short position as soon as above conditions are met.
Place your stop loss just above the recent swing high.
Take your profit when the MACDosMA turns purple.
Forex Indicators Download – Instructions
MACDosMA Forex Indicator is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
MACDosMA Forex Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
Do the same with template file (.tpl), if there is any, at File/Open Data Folder/templates.
How to install MACDosMA Forex Indicator.mq4?
- Download MACDosMA Forex Indicator.mq4
- Copy MACDosMA Forex Indicator.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on MACDosMA Forex Indicator.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator MACDosMA Forex Indicator.mq4 is available on your Chart
How to remove MACDosMA Forex Indicator.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
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