Many traders rely on lagging indicators to predict the market, but the good news is that there are better ways to trade the FX market and that is with leading indicators. Leading indicators give you extra time to improve your trading performance. The Zerolag MACD Colored MT4 Indicator is one of the leading indicators and is an improved version of the traditional MACD indicator and it attempts to eliminate the lagging effect that is inherited in the MACD indicator. Usually, most technical indicators are lagging in nature and tend to fall behind the price and that’s one of the reasons why so many technical indicators fail.

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The Zerolag MACD Colored MT4 Indicator uses two levels of filtering in order to eliminate the lagging effect and it’s comprised of two components:

1. The MACD histogram which oscillates above and below the zero line and it represents the difference between a slow moving average and a fast moving average.
2. The Signal line is a simple moving average of the MACD line.

Zerolag MACD Colored MT4 Indicator Settings

The preferred settings for the Zerolag MACD Colored MT4 Indicator are the default settings. There are 3 main variables the FastEMA which has assigned a period of 12; the SlowEMA which has assigned a period of 26; and last but not least the SignalEMA which has assigned a period of 9. No matter what type of trader you are the Zerolag MACD Colored MT4 Indicator can be used on any time frames and on any currency pair, yielding the same kind of results. You can use this indicator as a standalone strategy and going forward you’re going to learn a simple and yet very effective swing trading strategy using the Zerolag MACD Colored MT4 Indicator.

Zerolag MACD Colored MT4 Indicator Strategy and Trading Rules

This is a swing trading strategy that looks to capture the intermediate trend that can last anywhere from 1 day and up to 5 days. The preferred time frame is the Daily chart which in Forex trading is the most dominant and influential time frame because of the fact that the big players, which often have to move big turnover need more time to execute their big trades and usually they base their decision off of the Daily time frame. The Zerolag MACD Colored MT4 Strategy – Buy/Sell signals:

• Buy Signal: Only buy when the MACD histogram is below the zero line and the histogram changes color from red to green. Buy at the market only after you have two green bars using a static stop loss of about 150 pips and take profit only after the MACD histogram changes color from green to red.
• Sell Signal: Only sell when the MACD histogram is above the zero line and the histogram changes color from green to red. Buy at the market only after you have two red bars using a static stop loss of about 150 pips and take profit only after the MACD histogram changes color from green to red.

The Zerolag MACD Colored MT4 Indicator is a counter trend strategy that attempts to catch the tops and bottoms in the market. Being in a trend right from the start can be very rewarding and this is one of the reasons why this strategy yields a very high reward ratio. We absolutely love this strategy because it's powerful and highly reliable. Zerolag MACD Colored MT4 Indicator - Recommended Time Frames Technically speaking, you can use this MT4 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.

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How to Trade with MACD - Video Tutorial

How to trade with MACD Video Tutorial

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Zerolag MACD Colored 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.

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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.