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.
Trading NOTES
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- Use a demo account or a small live account first to practice this trading system
- 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
- 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