Madro-G Filter Forex Trading Strategy

Trade with the Madro-G Filter forex trading strategy today to enjoy endless scalping opportunities, with set rules that are built on basic indicators and can be applied to low spread currency pair.

Please use this strategy on 1-Minute, 5-Minute and 15-Minute charts.

Chart Setup

MetaTrader4 Indicators: guppy_multiple_moving_averages.ex4 (default setting), MadroGoldenFilter.ex4 (default setting)

Preferred Time Frame(s): 1-Minute, 5-Minute, 15-Minute

Recommended Trading Sessions: Tokyo Open | London Open | New York Open

Currency Pairs: Any low spread pair, maximum spread 4 pips for optimal results

Download

Download the Madro-G Filter Forex Trading Strategy

Buy Trade Example

Fig. 1.0

Strategy

Long Entry Rules

Enter a buy in the market if the following rules or conditions hold sway:

  1. If the goldenrod upward pointing arrow of the MadroGoldenFilter.ex4 custom indicator forms along with royal blue boxes aligned to the base of the indicator window, it is a signal that price is pressured to the upside i.e. a trigger to enter a buy signal on the pair of interest.
  2. If the green lines of the guppy_multiple_moving_averages.ex4 custom indicator crosses the indicator’s red lines bottom up, with price trading somewhat above the red and green lines, it is a signal that buyers are pressuring price upwards i.e. a buy signal.

Stop Loss for Buy Entry: Place stop loss below immediate support.

Exit Strategy/Take Profit for Buy Entry

Exit or take profit if the following chart or indicator patterns receive preference:

  1. If the MadroGoldenFilter.ex4 custom indicator forms a dark gray downward pointing arrow along with red boxes that are attached to the base of the indicator window, traders are advised to exit or take profit on position(s).
  2. If the red lines of the guppy_multiple_moving_averages.ex4 custom intersects the indicator’s green lines as shown on Fig. 1.0, it is a trigger to exit or take profit at once.

Sell Entry Rules

Enter a sell if the following rules or conditions are in place:

  1. If the dark gray downward pointing arrow of the MadroGoldenFilter.ex4 custom indicator forms along with dark gray boxes aligned to the base of the indicator window, it is a signal that price is experiencing bearish sentiment i.e. a trigger to go short.
  2. If the red lines of the guppy_multiple_moving_averages.ex4 custom indicator crosses the indicators green lines top downward, with price trading somewhat below the red and green lines, it is a signal that sellers are pushing price downward i.e. a sell signal.

Stop Loss for Sell Entry: Place stop loss above immediate resistance.

Exit Strategy/Take Profit for Sell Entry

Exit or take profit if the following chart or indicator patterns get displayed:

  1. If the MadroGoldenFilter.ex4 custom indicator forms a goldenrod upward pointing arrow along with goldenrod boxes that are attached to the base of the indicator window, traders are advised to exit or take profit on position(s).
  2. If the red lines of the guppy_multiple_moving_averages.ex4 custom intersects the indicators green lines bottom up as depicted on Fig. 1.1, it is a trigger to exit or take profit at once.

Sell Trade Example

Fig. 1.1

Free Download

Download the Madro-G Filter Forex Trading Strategy

About The Trading Indicators

The guppy_multiple_moving_averages.ex4 is a technical indicator that draws changing trend via the use of a technique that combines two groups of moving averages with varying time periods.

The MadroGoldenFilter.ex4 is an indicator that is comprised of three lines and an arrow within its indicator window and has no presence within the chart window.

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