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Forex Egwig MACD with Exponential Moving Average Trading System


This “Forex Egwig MACD with Moving Average Trading System” is best used in a market that is trending either higher or lower.

  • Time Frame:  H1 or higher
  • Currency Pairs: Any

 

MetaTrader Trading Indicators
  • Color MA
  • Egwig BUY
  • Egwig SELL
  • Spread
  • MACD with EMA

 

BUY Rules

Trading NOTES

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  • Color MA: green line
  • Egwig BUY: green alert arrow and lime alert arrow entry target
  • MACD with EMA:
    • MACD Histogram above 0 level
    • The Red line above the yellow line

 

SELL Rules

  • Color MA: red line
  • Egwig SELL: red alert arrow and yellow alert arrow entry target
  • MACD with EMA:
    • MACD Histogram below 0 level
    • The Red line below the yellow line

 

Trading NOTES

Traders should be aware that the MACD acts as a trend-following signal and as such, it may not foretell large, quick moves in a currency pair.

Also note that the MACD is plotted on a chart with zero as the equilibrium.

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