The BB Stops 2 MACD Forex Signal indicator for Metatrader 5 is an accurate signal generator tool composed of MACD and Bollinger Bands.
The indicator is displayed as multiple colored lines in a bottom chart window.
How to spot a bull & bear trend with it?
- A buy trend occurs when the blue colored BB + MACD lines appear on the chart.
- A bear trend occurs when the orange colored BB + MACD lines appear on the chart.
The indicator works for any trading instrument that can be loaded in the Metatrader 5 platform.
The following indicator inputs and parameters can be modified: fast MACD period, slow MACD period, signal MACD period, MACD price, deviation period, risk settings, risk multiplier, risk 2 multiplier, risk 3 multiplier.
Experiment with the risk multiplier settings.
First, familiarize yourself with this technical indicator and test it on a demo account.
It supports all time frames and Forex pairs.
Free Download
BB stops 2 – MACD.mq5 Indicator (MT5)
Chart Example
The following chart shows how the BB Stops 2 MACD Forex Signal indicator looks when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The BB Stops 2 MACD Forex Signal Indicator?
Find a simple trading example below:
Buy Signal
- A buy signal is given when the blue colored BB + MACD lines get displayed on the chart.
- Open a buy trade and set your stop loss below the most recent support area.
- Close the buy trade for a fixed take profit target, or wait for an opposite trading signal (sell).
Sell Signal
- A bearish signal is given when the orange colored BB + MACD lines get displayed on the chart.
- Open a sell trade and set your stop loss above the most recent resistance area.
- Close the sell trade for a fixed take profit target, or wait for an opposite trading signal (buy).
