Madro Golden is a forex trading strategy. Madro Golden system doesn’t have any technical indicators on the main chart window. It only consists of filtering tools on the indicator window. There are only two indicators used in this system. The indicators used in this system are custom made indicators, they are quite unique and might confuse the beginner traders but just by giving little effort to understand the system and trying to follow the rules of the system with complete self discipline the Madro Golden System becomes very easy to trade. One of the biggest advantages of using Madro Golden System is that you can get alerts very frequently. Usually frequent alerts are about the direction of the market. If you are tuned to particular time frame, it will alert you ike this- “GoldenMadro Up GBPUSD on the 15 minute chart”. You need to have the power of focusing when trading with this trading system.
The indicators on the indicator window might look tricky sometimes. You need to carefully analyze the indicators in order to get the correct and reliable trading signals. Being careless in focusing on the indicators will result in making wrong trading decisions. When the Madro Golden system is correctly loaded on your trading platform your chart should look like this;
- MadroGOldenFilter M1
MadroGoldenFilter M1 indicator consists of some arrows on the top row, stars like figures in the middle, colorful square box below that and main filtering tool at the bottom. Only the arrows and the crossed square box at the bottom will be used in signal generation process.
- MadroGolden Original
It is also very similar to the MadroGoldenFilter M1 indicator.
Since this trading system is tricky, try to trade only in a trending market and avoid trading during high impact news events. You should have trust worthy money management techniques as well. Trusty worthy here means it should be well tested in the past and should have shown good results. Bad money management practices can hurt your account too fast even having the risk of complete capital loss.
Buying Conditions Using Madro Golden System.
- An arrow pointing upward should appear on the MadroGoldenFilter M1 indicator.
- The crossed square box at the bottom of the MadroGoldenFilter M1 indicator should be blue.
- Place your stop loss just below the previous swing low.
- Take your profit when an arrow pointing downward appears on the MadroGoldenFilter M1 indicator.
Selling Conditions Using Madro Golden Trading System.
- An arrow pointing downward should appear on the MadroGoldenFilter M1 indicator.
- The crossed square box at the bottom of the MadroGoldenFilter M1 indicator should be red.
- Place your stop loss just above the recent swing high.
- Take your profit when an arrow pointing upward appears on the MadroGoldenFilter M1 indicator.
Download Free Forex Madro Golden Indicator