MACD Cross Indicator is a forex trading system which generates the trading signal based on the MACD crossovers but you will not see any MACD indicators on the main chart window. All those calculations are done by the system itself and the arrows appear on the chart where the MACD crossover occurs. Trading with such indicators is the easiest way to trade and make money but it’s not everyone’s cup of tea. Even if the system is too easy it takes your discipline, patience and lot of practice to understand a trading system. The main key to success in forex trading is the consistency. Once you become able to generate consistent results within significant period of time you are then considered as a consistent and successful trader.
MACD Cross Indicator is very simple forex trading strategy. Even a beginner trader can learn to trade using MACD cross system and can be a successful trader in very short period of time if done with great discipline and practice. MACD cross system can be used in all time frames. Whether you are scalping in 1 minute chart or trading on daily time frame it doesn’t matter, the system just works fine. But one should be careful when trading in smaller time frames. There are also other factors that play role in successful trading. Things like money management, risk management, and psychological aspects of the trading are really important aspects of forex trading. These aspects should be considered when trading in forex market.
When the MACD Cross Indicator is correctly loaded on your trading platform your chart should see like this:
- MACD Cross Indicator
This indicator consists of red and blue arrow. A blue arrow pointing upward indicates the buying signal while a red arrow pointing downward indicates the selling pressure in the market. Keep in mind that MACD cross offers signal in both in the direction of the trend and in the counter trend direction but your priority should be to trade in the direction of the trend.
Buying Conditions Using MACD Cross Indicator.
- Major trend should be up.
- A blue arrow pointing upward should appear below the price chart.
- Place your stop just below the recent swing low.
- Take your profits when a red arrow appears above the chart.
Selling Conditions Using MACD Cross Indicator.
- Major trend should be down.
- A red arrow pointing downward should appear above the price chart.
- Place your stop just above the recent swing high.
- Take your profits when a blue arrow appears below the chart.
Open demo account to test this system.
Download Free Forex MACD Cross Indicator
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