BB MACD MT4 V6 is a forex trading system. This system is quite unique than other kinds of ordinary forex trading systems because it is developed under different concept. BB MACD MT4 V6 is developed from the combination of MACD and other technical tools. BB MACD MT4 V6 doesn’t contain any indicators on main chart window; it consists of only an indicator on the indicator window. The indicator consists of green dots and red dots with three moving averages look alike oscillators.
Trading in sideways market is not recommended with BB MACD MT4 V6 forex trading system. So it is recommended to find trending market and trade in them. Time frames of H1 and higher is appropriate to trade with this forex trading strategy. Sometimes trading with this system can be confusing especially in choppy market. It is essential that you should deeply analyze the system first and get used to it before trading with real money.
You should make your trading plan before you open position in the market. Making trading plan is the first step, second step is to implement it and third step is to stick to it. Most of the traders fail because they are unable to stick to their original trading plan and they manipulate their plan in the middle and they lose.
When BB MACD MT4 is correctly loaded on your trading platform your chart should see like this:
As you can see above there are green and red dots and three oscillators on the indicator window. Our main entry will be based on the color of these dots. We will be looking to buy when the dots are green in color and sell when the dots are red in color. To meet the buy condition all three oscillators should be trending higher and vice versa.
Buying Conditions Using BB MACD MT4 V6 System.
- Scan the currency pairs which are up trending.
- Wait for corrections i.e. wait for red dots to appear on BB MACD Mt4 V6 indicator.
- Enter long as soon as green dots starts to form on BB MACD MT4 V6 indicator.
- Place your stop just below the recent swing low.
- Take your profit when red dots form on BB MACD MT4 V6 indicator.
Selling Conditions Using BB MACD MT4 V6 System.
- Scan the currency pairs which are down trending.
- Wait for corrections i.e. wait for green dots to appear on BB MACD Mt4 V6 indicator.
- Enter short as soon as red dots start to form on BB MACD MT4 V6 indicator.
- Place your stop just above the recent swing high.
- Take your profit when green dots form on BB MACD MT4 V6 indicator.
Download Free Forex BB MACD MT4 V6 Indicator