MA GoldBands MACD Forex & Stock 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

• Moving Average
• GoldBands
• Relative Strength Index
• MACD

 

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.

 

• 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

 

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

 

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

 

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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