The Super Cog MACD Forex Strategy for MT4 provides excellent buy & sell trading signals that will help you capture pips on a daily basis.
The actual buy & sell signals pop up in a bottom window below the main trading chart in the form of a colored buy/sell trend histogram.
This trading strategy can be used by Forex beginners and seasoned traders alike.
Strategy Setup & Recommendations
Indicators (MT4) : COGMACD.mq4 (default settings)
Currency pairs: works on any currency pair + Gold
Time frames: works on any time frame
Trade style: any
Trading Platform: Metatrader 4
Chart Example (EUR/USD M15)
After you downloaded and installed the Super Cog MACD Forex Strategy on the MT4 trading platform, it should look like the image as shown below.
System Buy & Sell Rules:
- Open a new buy trade when the Super Cog MACD histogram turns back above the zero level (olive colored bars).
- Place stop loss a few pips below technical support.
- Exit the buy trade at a predetermined profit target or simply wait for an opposite sell trading signal.
- Open a new sell trade when the Super Cog MACD histogram turns back below the zero level (tomato colored bars).
- Place stop loss a few pips above technical resistance.
- Exit the sell trade at a predetermined profit target or simply wait for an opposite buy trading signal.
How to install this Forex strategy in Metatrader 4?
Then, install the technical indicators as follows:
- Open your Metatrader 4 platform.
- Open the data folder from the top menu.
- Open the MQL4 folder.
- Open the indicators folder.
- Paste the downloaded indicators in this folder.
- Restart the trading platform.
- Open any trading chart.
- Attach the indicators to the chart.
Now you are ready to start using this trading strategy!
About the COGMACD.mq4 indicator (MT4)
This indicator is an enhanced version of the classic MACD indicator.
Input variables: Bars back, fma, sma, sigma
Feel free to combine this trading strategy with other technical indicators or with price action.
Explore and experiment with the indicator’s different inputs and settings to create your own personalized strategy setup.