About the Indicator
The DAT MACD Forex Indicator for MT4 is a custom-built tool that enhances the traditional MACD by providing clear buy and sell signals directly on your chart.
It appears in a separate window below your main chart, displaying signal lines and arrows indicating potential trade opportunities.
Buy & sell trade idea
- Open a buy trade as soon as the green arrow gets printed on the chart.
- Open a sell trade as soon as the red arrow gets printed on the chart.
- Reverse the open position as soon as an opposite arrow gets printed on the chart.
Free Download
Download the “dat-macd-indicator.mq4” indicator for MT4
Key Features
- Custom MACD-based buy and sell signals
- Signal arrows for easy trade identification
- Separate chart window for clear visualization
- Suitable for scalping, day trading, and swing trading
- Works across all Forex pairs and timeframes
Indicator Example Chart (EUR/USD Daily)
The chart below demonstrates the DAT MACD Forex Indicator in action, highlighting potential buy and sell points based on MACD signals.
How To Trade Using This Indicator
Utilize the DAT MACD Forex Indicator to identify trend directions and potential entry points.
Entry Signals
- Buy: Enter a buy trade when the green arrow appears, indicating upward momentum.
- Sell: Enter a sell trade when the red arrow appears, indicating downward momentum.
Stop Loss & Take Profit
- Place stop loss just below the recent swing low for buy trades and above the recent swing high for sell trades.
- Set take profit at a risk-reward ratio of your choice or at the next support/resistance level.
Download Now
Download the “dat-macd-indicator.mq4” indicator for Metatrader 4
DAT MACD + LWMA Crossover Signals Strategy
What This Strategy Is About
This trading method unites the strength of the DAT MACD Forex Indicator with the precision of the LWMA Crossover Signals Indicator.
The DAT MACD adds trend and momentum clarity using arrows and MACD signals in its window.
The LWMA generates buy and sell arrows based on two weighted moving averages crossing.
Together, they offer a layered approach: DAT MACD confirms momentum and trend direction, while LWMA pinpoints cleaner entries and exits.
Buy Rules
- Wait for a green arrow (buy) from the DAT MACD indicator.
- Check that the LWMA shows a green arrow following or at the same time, confirming upward crossover.
- Enter long at the close of the confirming candle.
- Set stop loss below the recent swing low or the lower LWMA.
- Exit when a red arrow appears on either indicator, or use a fixed profit target.
Sell Rules
- Watch for a red arrow (sell) from DAT MACD.
- Confirm with a red arrow from the LWMA crossover.
- Enter short at the close of the confirmation candle.
- Place stop loss above the recent swing high or above the higher LWMA.
- Exit when either indicator flips bullish, or hit your target.
Trader Case Studies
Below are three examples of traders who have applied this system across various pairs and timeframes to illustrate how it adapts to different conditions.
Olivier M – France
Olivier, a swing trader from Paris, tested this strategy for four weeks on the major currency pairs. He followed both signals precisely and netted +325 pips.
Aisha Z – Kenya
Aisha, a disciplined trader from Nairobi, applied the system to GBP/JPY and AUD/JPY over 30 days. She earned +290 pips through consistent entries.
Michael L – USA
Michael, a day trader in New York, used this method on USD/JPY and EUR/GBP for two weeks. He captured +110 pips by tracking both indicators smartly.
Disclaimer: These case studies are fictional and for educational purposes only. Individual results may vary depending on market conditions, discipline, and risk management.
Advantages
- Combines trend and momentum confirmation with precise timing.
- Adaptable for multiple timeframes and trading styles.
- Helps align entries with underlying momentum.
Drawbacks
- May generate fewer trades in flat or choppy markets.
- Requires patience for both signals to align.
- Late entries or exits are possible during sharp reversals.
Strategy Conclusion and Tips
This combined strategy brings structure and clarity. DAT MACD helps identify trending moves, while the LWMA crossover refines entry and exit points.
Key tips: Be patient. Trade only when both indicators confirm. Always use stop loss and proper position sizing.
Indicator Specifications
| Platform: | MetaTrader 4 (MT4) |
| Indicator Type: | Custom MACD with Signal Arrows |
| Timeframes: | All |
| Currency Pairs: | All |
| Inputs: | MACD Period, Signal Smoothing, Arrow Colors |
| Repainting: | No |
FAQ
1. Can I use this indicator for scalping?
Yes, the DAT MACD Forex Indicator is suitable for scalping, especially during the London and U.S. trading sessions.
2. Does the indicator repaint?
No, the indicator does not repaint. Signals are generated based on closed candles.
3. How can I combine this indicator with other strategies?
You can use the DAT MACD Forex Indicator in conjunction with other indicators like the Elite PRO Scalper or MACD to confirm trade signals and improve accuracy.
4. Is this indicator suitable for beginners?
Yes, the DAT MACD Forex Indicator is user-friendly and ideal for traders of all experience levels.
5. Can I adjust the MACD period?
Yes, the MACD period is adjustable through the indicator’s input settings.
Final Words
The DAT MACD Forex Indicator offers a straightforward approach to identifying trade opportunities based on price action and trend direction.
By combining this indicator with other tools and strategies, you can enhance your trading decisions and improve overall performance.
