1-Hour Forex Trading Strategy With MACD

The 1-Hour forex trading strategy with MACD gets you into the currency market using an amazing trade setup that catches the market at turning points where you can ride the trends for more profits.

Chart Setup

MetaTrader4 Indicators: Heiken_Ashi_Smoothed.ex4 (Inputs Variable Modified; MaMetod=0, MaPeriod=18, MaMetod2=2, MaPeriod2=1), MACD.ex4 (Default Setting), Winmaxpips.ex4 (Default Setting)

Preferred Time Frame(s): 1-Hour

Recommended Trading Sessions: Any

Currency Pairs: Any pair

Download

Download the 1-Hour Forex Trading Strategy With MACD

Buy Trade Example

Fig. 1.0

Strategy

Long Entry Rules

Initiate a buy entry if the following indicator or chart pattern gets put on display:

1. If the lime candle-like bodies of the Heiken_Ashi_Smoothed custom indicator gets aligned slightly below price bars as shown on Fig. 1.0, price is said to be pushed higher i.e. a trigger to go long on the forex pair of focus.

2. If the green histograms of the MACD MT4 indicator gets placed above the 0.00 level (see Fig. 1.0), price is said to be driven to the upside, as such a buy alert will do.

3. If the lime upward pointing arrows placed on yellow vertical lines of the Winmaxpips indicator gets aligned above the 0.00 level as seen on Fig. 1.0, it is an approval to go long on the designated forex pair.

Stop Loss for Buy Entry: Place stop loss below the 1 hour chart trading support.

Exit Strategy/Take Profit for Buy Entry

Exit or take profit if the following rules or conditions takes precedence:

1. If while a buy trigger is ongoing, the Heiken_Ashi_Smoothed custom indicator pops up a red candle-like body, it is a signal to exit or take profit immediately.

2. If the green histograms of the MACD MT4 indicator readjust to form below the 0.00 level, price is said to be making a bearish reversal, as such an exit or take profit will suffice.

3. If while a buy signal is ongoing, the Winmaxpips custom indicator displays a red downward pointing arrow as depicted on Fig. 1.0, price is said to be making a U-turn, hence an exit or take profit is recommended.

Sell Entry Rules

Enter a sell order if the following holds sway:

1. If the red candle-like bodies of the Heiken_Ashi_Smoothed custom indicator gets aligned slightly above the candlesticks as illustrated on Fig. 1.1, price is said to be driven lower i.e. a trigger to go short on the selected currency pair.

2. If the green histograms of the MACD indicator gets placed below the 0.00 level (refer to Fig. 1.1), price is said to be pushed lower, as such a sell alert will suffice.

3. If the red downward pointing arrows placed on yellow vertical lines of the Winmaxpips MT4 indicator gets aligned below the 0.00 level as shown on Fig. 1.1, a trigger to go short is imminent.

Stop Loss for Sell Entry: Place stop loss above the 1 hour chart trading resistance.

Exit Strategy/Take Profit for Sell Entry

Exit or take profit if the following takes to the fore:

1. If while a sell alert is running, the Heiken_Ashi_Smoothed custom indicator pops up a lime candle-like body, it is a signal to exit or take profit forthwith.

2. If the green histograms of the MACD indicator realigns to form above the 0.00 level during a sell signal, price is said to be making a bullish reversal, as such an exit or take profit will do.

3. If while a buy signal is ongoing, the Winmaxpips custom indicator displays a lime upward pointing arrow as illustrated on Fig. 1.1, price is said to be making a U-turn, hence an exit or take profit is advised.

Sell Trade Example

Fig. 1.1

Free Download

Download the 1-Hour Forex Trading Strategy With MACD

About The Trading Indicators

The Heiken_Ashi_Smoothed.ex4 uses filled candle like bars either place above or below price bars to define trends.

The Moving average convergence divergence (MACD) is a trend-following momentum indicator that reveals the connection between two moving averages of price.

The Winmaxpips.ex4 indicator is commended for all types of trades, due to its ease of use.

The Winmaxpips indicator is comprised of histograms that are formed from a middle 0.00 level.

The histograms are usually formed either to the upside or downside.

On the upside we have green arrows forming on the tips of the histogram, while on the downside, the indicator has red arrows on its tip.

Share Now!