MACDosMA is forex trading indicator. MACDosMA is a complete package in itself because it gives all information a trader needs to make a informed trading decision. MACDosMA can be highly profitable its rules are followed with discipline. The rules are really simple, so the remaining part is on the hand of the traders whether to make the system work or not. MACDosMA is useful for the newbie as well as for the experienced traders. MACDosMA is based on the trend following strategy. This trading indicator might not perform well at the 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
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.
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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.
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