The Shaff MACD indicator for Metatrader 4 provides directional trend trading signals that can be applied to any currency pair.
The indicator pops up in a separate MT4 chart window as a buy/sell histogram and additional signal lines.
Schaff MACD is a very reliable technical oscillator, lightweight, and will not slow down your trading platform.
The indicator is versatile and can be used in multiple ways. Find below a trade idea.
Buy & Sell Trade Example
- Open a buy order as soon as the first green histogram bar gets printed on the chart.
- Open a sell order as soon as the first orange histogram bar gets printed on the chart.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “Shaff MACD.ex4” indicator for MT4
Indicator Chart (EUR/USD H4)
The picture below shows the Shaff MACD mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method when trading with the Shaff MACD Forex indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Oscillator
Does the indicator repaint? No.
Forex Day Trading Strategy for MT4: Shaff MACD + SuperTrend NRP Indicator
This strategy uses the Shaff MACD Forex Indicator MT4 and the SuperTrend NRP Forex Indicator MT4.
The Shaff MACD shows momentum changes via histogram colours (green for buy, orange for sell).
The SuperTrend NRP displays a coloured trend line (green for bullish trend, orange for bearish trend).
By combining momentum reversal signals with trend confirmation, you get a clear day-trading framework.
Best used on intraday time frames like M5, M15, or M30.
Suitable for traders who can monitor the screen and execute quickly, capturing short to medium intraday swings in major pairs such as EURUSD, USDJPY, and GBPUSD.
You need discipline to stick with the rules and manage risk carefully.
Buy Entry Rules
- Wait for the SuperTrend NRP line to turn green, indicating a bullish trend.
- Then watch for the first green histogram bar on the Shaff MACD.
- Enter a buy order at the close of that first green bar.
- Set a stop loss just below a recent swing low (around 10–15 pips on M15) or below the SuperTrend line.
- Target a take profit equal to 1.5–2× your risk (for example, if risk is 15 pips, target 22–30 pips) or trail the stop when momentum continues.
Sell Entry Rules
- Wait for the SuperTrend NRP line to turn orange, indicating a bearish trend.
- Then watch for the first orange histogram bar on the Shaff MACD.
- Enter a sell order at the close of that first orange bar.
- Set a stop loss just above a recent swing high (about 10–15 pips on M15) or above the SuperTrend line.
- Target a take profit of 1.5–2× your risk, or trail the stop if price keeps moving with momentum.
Advantages
- A clear combination: momentum reversal (Shaff MACD) plus trend confirmation (SuperTrend NRP) gives high-probability setups.
- Well-suited for intraday trading where you need quick and defined signals rather than long-term holds.
- Rules are simple to follow, reducing subjectivity and keeping your trading disciplined.
- Works particularly well on trending moves when a new trend is forming or when momentum picks up.
Drawbacks
- You must be available to monitor the trades and act quickly — it is not suited for set-and-forget trading.
- Spreads and slippage can erode profitability on small take profit targets, especially during low-liquidity hours.
Case Study 1: EURUSD M15 – Morning London Session
At 08:15 GMT, the SuperTrend NRP line on EURUSD turned green, signalling the start of a bullish trend.
At 08:20, the first green histogram bar appeared on the Shaff MACD.
A buy was placed at 1.1120 with a 12-pip stop just below the recent swing low.
Price climbed steadily and by 10:00 it reached 1.1150, delivering a 30-pip profit.
The trend confirmation plus momentum entry captured a strong early move in the session.
Case Study 2: USDJPY M5 – New York Open
At 14:30 EST, USDJPY on the M5 chart showed the SuperTrend line flip to orange, indicating a trend reversal to bearish.
The first orange histogram on the Shaff MACD was then printed.
A sell was taken at 149.50 with a 15-pip stop.
The pair dropped to 149.10 within 35 minutes, yielding a 40-pip profit.
The alignment of trend change and momentum bar gave a clean intraday short trade.
Strategy Tips
- Prefer trading during major session open times (London, New York) when the market has higher volume and stronger moves.
- Avoid trading during quiet periods (late Asian session) when signals may trigger, but momentum is weak and movement is flat.
- Use pairs that have tight spreads and good liquidity, so your small TP/SL targets are viable.
- Backtest the strategy on different pairs and time frames to identify which ones you handle best and which give the most reliable results.
When used with discipline, the Shaff MACD + SuperTrend NRP MT4 strategy provides a structured framework for day trading.
The key is to wait for both momentum and trend alignment, trade with defined risk, and avoid forcing setups in weak or uncertain market conditions.
