Balance of Power Trading System with MTF MACD Filter

Forex Balance of Power Trading with MTF MACD and NonLag MA Indicator – This “Balance of Power Trading with MTF MACD Indicator” is used to identify a new trend, whether it’s bullish or bearish.

• Time Frame: M30 and H1
• Currency Pairs: GBPUSD and EURUSD

 

• NonLag MA
• MTF MACD in Color
• Balance of Power

• Download “TraderVersity.Com-MTFMACD (Zip/RAR File).
• Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
• Copy the “TraderVersity.Com-MTFMACD.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-MTFMACD” trading  system and strategy
• You will see “Balance of Power Trading System” is available on your Chart

 

• NonLag MA: blue color
• MTF MACD in Color:
  • MACD histogram blue color and above 0 level
  • blue line above red line
• Balance of Power: blue bars

 

• NonLag MA: red color
• MTF MACD in Color:
  • MACD histogram red color and below 0 level
  • blue line below red line
• Balance of Power: red bars

 

There is one drawback to MACD. Naturally, moving averages tend to lag behind price. After all, it’s just an average of historical prices.

Since the MACD represents moving averages of other moving averages and is smoothed out by another moving average, you can imagine that there is quite a bit of lag.

However, MACD is still one of the most favored tools by many traders.

DOWNLOAD TRADING SYSTEM