Real MACD MT4 Indicator - Free MT4 Indicator

Real MACD MT4 Indicator – Free MT4 Indicator

In this strategy, we will cover in details on a the custom indicator – Real MACD MT4 Indicator which is based on the original MACD Indicator. The particular thing about the Real MACD MT4 Indicator is that it is more volatile than the common MACD and has 2 lines besides its histogram, rather than a signal line as for the standard MACD. It is a great tool to find the entry point, but we won’t use it alone. To get the full picture about the trend behavior, we will also use another custom indicator, at this time a trend one – it’s called Arrows and Curves. With this indicator, you won’t get signals only for entry points, but will know precisely where to place the stop loss order without necessity for second guessing.

[sociallocker id=”7872″] Real MACD MT4 Indicator Download Link  + Claim Your FREE USD30 [/sociallocker]

Here is the chart setup:

Timeframes – M5 and higher – however, we speak from an intraday trading approach.
Currency Pairs – Major currencies and currency crosses.
Indicators:

Real MACD MT4 Indicator with default settings (Fast EMA – 12, Slow EMA – 26, Signal SMA – 9)
Arrows And Curves with default settings

Trading Sessions – European and US sessions


Real MACD MT4 Indicator – Trading Rules

Strategies and indicator are only good if you have a set of trading rules that you use so that you can replicate the good results over and over again. There’s no point in making profitable trades but yet you do not know how to replicate it again. So please read through and use the below Buy/Sell Signal Rules as guidance. Eventually you should create your own rules to fit your own trading personality.

Real MACD MT4 Indicator Buy Signal

Here is what you should be looking for in order to open a long position:

Now, you should wait for the Real MACD MT4 Indicator to cross its 0.00 level from the bottom up.

Real MACD MT4 Indicator - Buy Signal Rule

Real MACD MT4 Indicator – Buy Signal Rule

You can open a long position only considering these signals. However, if you want to more accuracy and precision, it won’t be a mistake to insert a fast EMA and a slow EMA or SMA, in order to assess the price action. You can choose whatever parameters you like. It is important to watch the slow MA behavior (the period – no greater than 60) – if it has a visible direction, like up or down, then your expectancies about a successful trading can increase. Also, you can consider the fast EMA and the slow MA crossing.

If the chart meets the first 2 conditions mentioned above, you can open a long position. For placing the stop loss order, you will be guided by the Arrows and Curves indicator bands. Set the SL 1 pip below the green lower band. With this strategy, you can take the profit manually. Generally, you can close the position when you got 30 pips or near previous resistance level.

Real MACD MT4 Indicator – Sell Signal Rule

Naturally, the sell signal is mirrored:

Arrows and Curves indicator shows a red arrow, which is about a down trend. You will note this arrow above the price action.
Now, you should just wait for the Real MACD MT4 Indicator indicator to cross the 0.00 level from top to bottom.
Once you have these conditions, open a short position. You should place the stop-loss 1 pip above the green upper band of the Arrows and Curves indicator. You should take the profit manually. The target level for M5 is generally 30 pips. If you want to trade with larger timeframes, consider these targets: 1H – 75 pips, 4H – 130 pips.

Real MACD MT4 Indicator - Sell Signal Rule

Real MACD MT4 Indicator – Sell Signal Rule

This strategy is simple to use and is quite profitable. It’s easy to learn and more importantly, always practise it on a demo account before using any new strategy (this one included) on real money.

Time Frames

Technically speaking, you can use this indicator for all time frames. However, the shorter the time frame, you will see more fluctuation and possibly more whipsaw which may cause small losses that can eat up your portfolio quickly. We recommend that you use higher time frames like the 4H for better consistency.


Trading with MACD Strategy Video Tutorial


Real MACD MT4 Indicator – Trading with MACD Strategy


Real MACD MT4 Indicator Download

We have provided this powerful trend trading indicator to you at no cost. We humbly request for your help to spread the word by sharing on one of the social platforms below. To unlock the download link, you just need to share this page to help us achieve our goal of helping more traders out there.

[sociallocker id=”7872″] Real MACD MT4 Indicator Download Link  + Claim Your FREE USD30 [/sociallocker]

Leave us a comment below to let us know your thoughts on this indicator. If you like this indicator, you might like see other indicators that we have carefully selected that will help you in your trading journey.

And if you can, you really should invest in a proven MT4 Expert Advisor to help you generate some profit on full autopilot.

We highly recommend this powerful MT4 Expert Advisor.

Visit our Free MT4 Indicator Download page.

We hope you have enjoyed this post as much as we have creating it.

Good luck and thank you for your readership.


Claim Your $60 No Deposit Bonus Here

All you need is to have your live account verified!
Of course, you need to open a live account...

2 Brokers that we like A LOT!
USD30 from each Forex Broker Below.
Both Forex Brokers have excellent rating!

Broker #1

Broker #2

We use both of these brokers and proudly promote them!

NOTE: Not all countries qualify for these bonuses. Terms and Condition Applies.

Other Analysis Today
Learn and SHARE the Knowledge!
Click Here to Leave a Comment Below 4 comments
Advanced Forex Strategies