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

 

• Bidara HAS
• Bidara CT
• Bidara MPrice
• Bollinger Bands
• Moving Average
• Bidara Arrow
• Bidara DMi
• MACD MTF

• 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

 

• 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

 

• 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

 

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

DOWNLOAD TRADING SYSTEM