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FLEX MACD

The moving average converge divergence technical indicator is preferred by many traders because it can act both as an oscillator and as a trend indicator.

Forex trading chart showing how to trade using the macd indicator
The MACD (Moving Average Convergence Divergence) is a technical indicator preferred by many traders because it can act both as an oscillator and as a trend indicator. MACD can be used in several ways, but in this version of the Complex Trader EA we'll be looking for crossovers. Being a trend trading strategy it can be used on any timeframe.

Again, we use the slow MA to define the general trend direction. Based on trend trading strategy, we should look for bullish opportunities when the price is fluctuating above the 200 MA. In a similar fashion, we’ll consider bearish opportunities when the price is moving below the 200 MA - or any other MA, as this can be changed within the EA's settings.

The MACD strategy explained

  1. If the price is above the Trend Moving Average, the expert advisor will only be allowed to open long trades and it will ignore the short signals. However, if the price is below it, the EA will ignore the buy signals and place only sells. The MACD crossing the 0 level line is used to determine the trade signals.
  2. If the MACD must crosses the line from top to bottom, the EA will place a short sell (considering that the price is also below the trend moving average); opposite will trigger a buy order.
The best MACD settings are shown for this timeframe
Consider the timeframe and the trend when choosing the settings

Download FLEX MACD - fully functional version for demo trading accounts.

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