About the Indicator
The Custom MACD indicator for MT4 delivers easy-to-trade signals using two crossover lines in a separate chart window.
When the blue MACD line crosses above the red signal line, it triggers a buy signal; when it crosses below, you get a sell opportunity.
Built on the classic MACD principle, it works across any currency pair and timeframe, making it ideal for scalping, day trading, and swing strategies. Best of all—it doesn’t repaint.
Free Download
Download the “custom-macd.mq4” indicator for MT4
Key Features
- Classic dual-line MACD crossover signals (blue vs. red).
- Works on any pair and timeframe.
- Scalping, day trading, and swing setups are supported.
- Non-repainting—reliable in real-time.
- Fully customizable via the MT4 input panel.
Indicator Example Chart (EUR/USD M5)
The example chart below displays the Custom MACD MT4 indicator in action on the trading chart.
How To Trade Using This Indicator
Entry Logic
Go long when the blue MACD line crosses above the red signal line. Go short when the red crosses above the blue. These are your primary entry triggers.
Stop Loss & Take Profit
Place your stop just beyond the recent swing point or use 1×ATR to adjust for volatility. Target 2R–3R, or trail stop losses using ATR or nearby structural levels.
Download Now
Download the “custom-macd.mq4” indicator for Metatrader 4
Forex Strategy: Custom MACD + Double CCI Woody Indicators
What This Strategy Is About
This strategy combines the Custom MACD Forex Indicator (MT4) with the Double CCI Woody Indicator.
The Custom MACD helps identify trend strength and momentum by analyzing moving average convergence and divergence, while the Double CCI Woody indicator uses two Commodity Channel Index (CCI) lines to pinpoint overbought or oversold conditions.
Together, these indicators help traders find trend confirmations and ideal entry points.
Buy Rules
- The Custom MACD histogram blue line crosses above the red line.
- The double CCI Woody indicator histogram is blue.
- Enter a long position at the close of the candle, confirming both signals.
- Place a stop loss below the recent swing low.
- Set take profit based on a 2:1 reward-to-risk ratio or exit when the MACD histogram turns negative.
Sell Rules
- The Custom MACD histogram blue line crosses below the red line.
- The double CCI Woody indicator histogram is red.
- Enter a short position at the close of the candle, confirming both signals.
- Place a stop loss above the recent swing high.
- Set take profit based on a 2:1 reward-to-risk ratio or exit when the MACD histogram turns positive.
Trader Case Studies
Below are three examples of traders who applied this strategy across different currency pairs and timeframes with positive outcomes.
Mark W – United Kingdom
Mark W, a swing trader from Manchester, used this strategy on the EUR/GBP 4-hour chart. Over 25 days, he secured +280 pips by patiently waiting for buy and sell signals.
Lina K – Kenya
Lina K, a day trader from Nairobi, traded the USD/JPY pair on the 1-hour timeframe. Following the strategy strictly, she gained +220 pips in three weeks.
Hiroshi T – Japan
Hiroshi T, a scalper from Tokyo, applied this method on the USD/CHF 15-minute chart. He realized +110 pips over ten trading sessions through quick and accurate entries.
Disclaimer: These case studies are for educational purposes only. Results may vary depending on market conditions, risk management, and trader discipline.
Advantages
- Combines momentum and overbought/oversold conditions for stronger trade signals.
- Works well on multiple timeframes and currency pairs.
- Helps filter false signals with dual confirmation.
Drawbacks
- May give late signals in fast-moving markets.
- Less effective during sideways or choppy conditions.
Conclusion and Tips
This strategy effectively merges the Custom MACD with the Double CCI Woody to capture strong trend entries with better timing.
Always wait for both indicators to align before entering trades to improve accuracy and risk management.
And always manage risk carefully to protect your capital.
Indicator Specifications
| Platform | MT4 |
|---|---|
| Assets | Any Forex pair |
| Timeframes | All (scalping to swing) |
| Type | MACD crossover oscillator |
| Repainting? | No |
| Inputs | Adjust line colors, periods, and styles via MT4 inputs |
| Download | Free “custom-macd.mq4” indicator |
FAQ
1) When is it most effective?
Best used in trending conditions. Add filters like EMA200 or price structure to avoid false whipsaws in choppy markets.
2) Does it support other strategies?
Yes—for example, pair it with trend indicators or breakout setups for higher-confidence entries based on momentum.
3) How to reduce false signals?
Wait for candle-close confirmation after the crossover and trade with the higher-timeframe trend—this adds precision and filters noise.
4) Which timeframes suit it best?
Works well across all timeframes. Use M5–M15 for scalping, H1–H4 for swing trades, adjusting stop/target sizes accordingly.
5) What’s a simple exit strategy?
Exit on the opposite crossover, at a predefined risk–reward (like 2R), or using ATR/structure-based trailing to lock in profits.
Conclusion
The Custom MACD indicator is a dependable, crossover-based tool ideal for both standalone use and strategy enhancement. It delivers clear entry/exit triggers with minimal clutter.
Use it alongside trend filters and smart risk rules to match your trading style. Download it free, test in demo first, then refine the setup for consistent trade quality.
