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Avoid False Signals with Forex DMI-MACD Trading System


Forex Directional Movement Index (DMI) MACD Trading System – The Directional Movement Index was developed by J. Welles Wilder in 1978 as a way to help traders avoid false signals. By comparing various moving averages, the indicator helps determine if prices are trending or simply producing noise.

  • Time Frame: M15 or higher
  • Currency Pairs: GBPUSD, EURUSD, USDJPY, USDCAD, and GBPJPY

 

MetaTrader Trading Indicators
  • Bidara HAS
  • Bidara CT
  • Bidara MPrice
  • Bollinger Bands
  • Moving Average
  • Bidara Arrow
  • Bidara DMi
  • MACD MTF
How to install “Forex DMI-MACD Trading System

  • Download “TraderVersity.Com-DMI-MACDSystem” (Zip/RAR File).
  • Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
  • Copy the “TraderVersity.Com-DMI-MACDSystem.tpl” file (template) to your Metatrader Directory …/templates /
  • Start or restart your Meta Trader Client.
  • Select Chart and Time frame where you want to test your Forex system.
  • Right-click on your trading chart and hover on “Template”.
  • Move right to select “TraderVersity.Com-DMI-MACDSystem” trading  system and strategy
  • You will see “Forex DMI-MACD Trading System” is available on your Chart

 

BUY Rules

Trading NOTES

DOWNLOAD INDICATOR


  • Bidara HAS: Blue candles
  • Synergy Trade Signal: Green arrow
  • Bollinger Bands: Price break the upper band of the Bollinger Bands
  • Moving Average: 9 EMA > 26 EMA
  • Bidara DMi: The blue line above the level 25
  • MACD MTF:
    • Fast MA > Slow MA
    • Blue color histogram

 

SELL Rules

  • Bidara HAS: Red candles
  • Synergy Trade Signal: Red arrow
  • Bollinger Bands: Price break the lower band of the Bollinger Bands
  • Moving Average: 9 EMA < 26 EMA
  • Bidara DMi: The blue line below the level 20
  • MACD MTF:
    • Fast MA < Slow MA
    • Red color histogram

 

Trading NOTES
  • Initial Stop Loss above or below the Synergy Trade Signal arrow
  • Best Risk Reward Ratio 1:2 or 1:3

DOWNLOAD TRADING SYSTEM


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