Half 1.02 MACD Forex Trading Strategy

The Half 1.02 MACD Forex Trading Strategy is a simple trend following trading strategy that works.

Two unique, yet simple technical indicators makes up this system i.e. the MACD, a well know oscillator, teams up with the HalfTrend-1.02 custom indicator (a technical tool used in defining how far a trend will go), to yield a modest and an impressive trading strategy.

Chart Setup

MetaTrader4 Indicators: HalfTrend-1.02.ex4 (Inputs Variable Modified; Amplitude=4), MACD.ex4 (Default Setting)

Preferred Time Frame(s): 1-Minute, 5-Minute, 15-Minute, 30-Minute, 1-Hour, 4-Hour, 1-Day

Recommended Trading Sessions: Any

Currency Pairs: Any pair

Download

Download the Half 1.02 MACD Forex Trading Strategy 

Buy Trade Example

Fig. 1.0

Strategy

Long Entry Rules

Enter a buy order if the following rules or conditions hold sway:

  1. If the dodger blue upward pointing arrow that is slightly attached to the lower spiked line of the HalfTrend-1.02 custom indicator gets aligned fairly below the candlesticks (see Fig. 1.0), a bullish signal is said to be on the horizon.
  2. If the dark green histograms of the MACD indicator hovers above the 0.00 level as seen on Fig. 1.0, it is an indication of a likely bullish pressure, as such a buy signal is advised.

Stop Loss for Buy Entry: Place stop loss below trading support.

Exit Strategy/Take Profit for Buy Entry

Exit or take profit if the following rules or conditions takes center stage:

  1. If while a buy signal is ongoing, the HalfTrend-1.02 custom indicator displays a red downward pointing arrow that is aligned slightly above price bars, it is a trigger to exit or take profit at once.
  2. If a dark green histogram forms below the 0.00 level during a bullish trend, it is a signal to exit or take profit without delay.

Sell Entry Rules

Enter a sell order if the following holds true:

  1. If the red downward pointing arrow that is slightly attached to the upper spiked line of the HalfTrend-1.02 custom indicator gets aligned fairly above the candlesticks as depicted on Fig. 1.1, a bearish signal is said to be on the horizon.
  2. If the dark green histograms of the MACD indicator hovers below the 0.00 level as seen on Fig. 1.1, it is an indication of a probable bearish trend, as such a sell signal is advised.

Stop Loss for Sell Entry: Place stop loss above trading resistance.

Exit Strategy/Take Profit for Sell Entry

Exit or take profit if the following takes center stage:

  1. If while a sell signal is running, the HalfTrend-1.02 custom indicator displays a dodger blue upward pointing arrow that is aligned slightly below the candles, it is a trigger to exit or take profit at once.
  2. If a dark green histogram readjust to form above the 0.00 level during a bearish trend, it is a signal to exit or take profit forthwith.

Sell Trade Example

Fig. 1.1

Free Download

Download the Half 1.02 MACD Forex Trading Strategy

About The Trading Indicators

The HalfTrend-1.02 custom indicator defines reversal within the market, and it does so by combining an upward dodgerblue upward facing arrow along with a downward spiked line place below price bars to signal a buy, while a downward pointing red arrow with an upward spiked line aligned above price signals a sell.

The Moving average convergence divergence (MACD) on the other hand is a trend-following momentum indicator that reveals the connection between two moving averages of price.

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