The adaptive MACD forex trading strategy offers traders the opportunity of enjoying reliable buy/sell forex trading signals.
The signals are made possible through the addition of ASCTrendli.ex4 and the PA_adaptive_MACD.ex4 custom indicators.
Chart Setup
MetaTrader4 Indicators: ASCTrendli.ex4 (default setting), PA_adaptive_MACD.ex4 (default setting)
Preferred Time Frame(s): 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hour
Recommended Trading Sessions: Any
Currency Pairs: Any
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Buy Trade Example
Fig. 1.0
Strategy
Long Entry Rules
Initiate a buy in the market if the following indicator or chart patterns are in display:
- If a yellow upward pointing arrow of the ASCTrendli.ex4 custom indicator forms below the candlesticks, it is a signal that price is being pressured higher i.e. a signal to go bullish on the currency pair of interest.
- If the deep sky blue line of the PA_adaptive_MACD.ex4 custom indicator forms as shown on Fig. 1.0, it is an indication that price is being pressured to the upside i.e. a bullish signal is in place.
Stop Loss for Buy Entry: Place stop loss 2-5 pips below support.
Exit Strategy/Take Profit for Buy Entry
Initiate an exit or take profit if the following indicator or chart pattern gets displayed:
- If a magenta downward pointing arrow of the ASCTrendli.ex4 custom indicator forms above the candlesticks as shown on Fig. 1.0, price is said to be making a U-turn away from its earlier trend i.e. a trigger to exit or take profit accordingly.
- If the line of the PA_adaptive_MACD.ex4 custom indicator turns “Pale Violet Red” as seen on Fig. 1.0, price is said to be experiencing a possible reversal i.e. a trigger to exit or take profit forthwith.
Sell Entry Rules
Initiate a sell in the market if the following rules or conditions take precedence:
- If a magenta downward pointing arrow of the ASCTrendli.ex4 custom indicator forms above the price bars, it is a signal that price is being pressured lower i.e. a signal to go bearish on the currency pair of interest.
- If the “Pale Violet Red” line of the PA_adaptive_MACD.ex4 custom indicator forms within the indicator window as shown on Fig. 1.1, it is an indication that price is being pressured to the downside i.e. a trigger to short on position(s) entered.
Stop Loss for Sell Entry: Place stop loss 2-5 pips above resistance.
Exit Strategy/Take Profit for Sell Entry
Exit or take profit if the following indicator or chart patterns take precedence:
- If a yellow upward pointing arrow of the ASCTrendli.ex4 custom indicator forms below the candlesticks as shown on Fig. 1.1, price is said to be taking a new direction from its earlier trend i.e. a trigger to exit or take profit accordingly.
- If the line of the PA_adaptive_MACD.ex4 custom indicator turns “deep sky blue” while in a downtrend as seen on Fig. 1.1, price is said to be experiencing a possible reversal i.e. a trigger to exit or take profit forthwith.
Sell Trade Example
Fig. 1.1
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About The Trading Indicators
The ASCTrendli.ex4 custom indicator uses its colored arrow (yellow and magenta) to depict trend direction (bullish and bearish).
The phase accumulation adaptive MACD custom indicator might not be a grail but its signal are good, as it shows the relative strength of forex pairs, following its two times adaptive nature.