This “Forex Egwig MACD with Moving Average Trading System” is best used in a market that is trending either higher or lower.
Trading NOTES
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- Use a demo account or a small live account first to practice this trading system
- Time Frame: H1 or higher
- Currency Pairs: Any
MetaTrader Trading Indicators
- Color MA
- Egwig BUY
- Egwig SELL
- Spread
- MACD with EMA
How to install “Forex EGWIG MACD System“
- Download “TraderVersity.Com-EgwigMACDwithEMA” (Zip/RAR File).
- Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
- Copy the “TraderVersity.Com-EgwigMACDwithEMA.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-EgwigMACDwithEMA” trading system and strategy
- You will see “Forex EGWIG MACD System” is available on your Chart
BUY Rules
- 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.