MACD Cross Forex Signal is a free mt4 (Metatrader 4) indicator that provides simple-to-use, yet profitable MACD crossover channel signals.
The indicator appears in the form of a trading channel and MACD in a separate MT4 chart window.
The MACD Cross Forex Signal indicator can be used in various ways.
Buy & Sell Trade Example
- Open a buy trade when the blue MACD signal line crosses the lower green dotted channel line bottom-up and the underlying trend is upwards.
- Open a sell trade when the blue MACD signal line crosses the upper green dotted channel line top-down and the underlying trend is downwards.
The MACD Cross Forex Signal can be used as a standalone trading indicator, or it can act as a powerful trend filter for other strategies and systems.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “kg macd line.mq4” indicator for MT4
Indicator Chart (EUR/USD Daily)
The example chart below displays the MACD Cross Forex Signal 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 to trade with the MACD Cross Forex Signal 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: MACD signals
Does the indicator repaint? No.
