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MA GoldBands MACD Forex Trend Momentum Trading Strategy (7460)

High accuracy MA GoldBands MACD “Trend Momentum Trading strategy“. Trend trading is a trading style that attempts to capture gains through the analysis of an asset’s momentum in a particular direction. Momentum trading is a technique in which traders buy and sell according to the strength of recent price trends.

  • Time Frame: M15 or higher
  • Currency Pairs: Any
MetaTrader Trading Indicators
  • Moving Average
  • GoldBands
  • Relative Strength Index
  • MACD


Trading NOTES


Trend Momentum traders enter into a long position when a security is trending strongly upward. An uptrend is characterized by higher swing lows and higher swing highs.

  • They may opt to enter a short position when an asset is trending strongly lower. A downtrend is characterized by lower swing lows and lower swing highs.


How to install MA GoldBands MACD Forex Trading System

  • Download TraderVersity.Com-GoldBandsMACD (Zip File)
  • Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators /
  • Copy the “TraderVersity.Com-GoldBandsMACD.tpl” file (template) to your Metatrader Directory …/templates /
  • Start or restart your Metatrader Client
  • Select Chart and Timeframe where you want to test your forex system
  • Right-click on your trading chart and hover on “Template”
  • Move right to select TraderVersity.Com-GoldBandsMACD
  • You will see “MA GoldBands MACD Forex Trading System” is available on your Chart


BUY Rules

  • Moving Average: Upward and above the GoldBands line
  • GoldBands: Lime line
  • Relative Strength Index: Above level 55 line
  • MACD: Green histogram


SELL Rules

  • Moving Average: Downward and below the GoldBands line
  • GoldBands: Red line
  • Relative Strength Index: Below level 45 line
  • MACD: Purple histogram


Trading NOTES

Like any style of trading, momentum trading is subject to risks. It’s been found to be successful when prices follow on a trend, but on occasion, momentum traders can be caught off guard when trends go into unexpected reversals. Traders should remember that:

  • Technical analysis bases its projections of the probability of price movements on past price trends.
  • Prices in the market can move in an unforeseen manner at any time due to unexpected news events, or fears and changes in sentiment in the market.


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