The MACD Mashhadi Indicator for Metatrader 5 transforms the classic MACD indicator into a simple crossover trading system.
The indicator consists of a red and a white signal line that crosses each other every time the trend reverses in the opposite direction (see chart).
- A buy signal is given when the red line crosses back above the white line.
- A sell signal is given when the red line crosses back below the white line.
The indicator performs best during the most volatile trading sessions.
The following inputs can be modified to suit your preferences: fast EMA period, slow EMA period, signal SMA period and applied price.
Make yourself familiar with this indicator and test it first on a demo account. It supports all time frames and Forex pairs.
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MACD_CW_Mashhadi.mq5 Indicator (MT5)
Chart Example
The following chart shows how the MACD Mashhadi Forex indicator looks like when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The MACD Mashhadi Forex Indicator?
Find a simple trading example below:
Buy Signal
- A buy signal occurs as soon as the white MACD signal line crosses the red MACD signal line top-down.
- Open a buy order and place a logical stop loss below support.
- Exit the buy trade for a fixed profit target of your preference, or wait for a sell signal.
Sell Signal
- A sell signal occurs as soon as the white MACD signal line crosses the red MACD signal line bottom-up.
- Open a sell order and place a logical stop loss above resistance.
- Exit the sell trade for a fixed profit target of your preference, or wait for a buy signal.
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MACD_CW_Mashhadi.mq5 Indicator (MT5)
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the MACD_CW_Mashhadi.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration