Author of the Idea: Yuri, MQL5 Code Developer: barabashkakvn.
In this post, we’ll dive into the MACD (Moving Average Convergence Divergence) strategy for trading, specifically focusing on trend continuation.
Overview of the MACD Trading Strategy:
- Time Frame: H1 (Hourly)
- Currency Pair: EUR/USD
- Trade Volume: 0.1 lots
- Indicators: MACD settings of 12, 26, and 9
How to Spot a Buy Signal:
- The MACD histogram should create a high above 0.0015.
- After a low is established above 0.0015, the histogram must dip below -0.0005 and then reverse upwards, crossing above 0.0005 without dropping back into negative territory.
How to Spot a Sell Signal:
- The MACD histogram must create a high above -0.0015.
- Once a high is established above -0.0015, the histogram should move above -0.0005 and then reverse downwards, dropping below -0.0005 without rising back into the positive zone.
By understanding these signals, you'll be better equipped to make informed trading decisions using the MACD indicator on MetaTrader 5. Happy trading!
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