MACD Candles MT4 Forex Trading Strategy with Step RSI BBands Stop Filter

Simple and high accuracy “MACD Candles MT4 Forex Trading Strategy with Step RSI BBands Stop Filter” –  MACD is a trend-following momentum indicator that shows the relationship between two Moving Averages of a security’s price.

MACD helps investors understand whether the bullish or bearish movement in the price is strengthening or weakening.

• Time Frame: M5 or higher
• Currency Pairs: Any

 

• MACD Candles
• BBands Stop
• StepRSI
• Karzarar
• EJ Candle Time

MACD measures the relationship between two EMAs, while the RSI measures price change in relation to recent price highs and lows.

These two indicators are often used together to provide analysts a more complete technical picture of a market.

 

• Download “ForexWOT.Com-MACDCandlesSystem” (Zip/RAR File).
• Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
• Copy the “ForexWOT.Com-MACDCandlesSystem.tpl” file (template) to your Metatrader Directory …/templates /
• Start or restart your Metatrader Client.
• Select Chart and Timeframe where you want to test your forex system.
• Right-click on your trading chart and hover on “Template”.
• Move right to select “ForexWOT.Com-MACDCandlesSystem” trading  system and strategy
• You will see “MACD Candles MT4 Forex Trading System” is available on your Chart

 

• MACD Candles: Green candle
• BBands Stop: Green line
• StepRSI: Above level 55 line

 

• MACD Candles: Red candle
• BBands Stop: Yellow line
• StepRSI: Below level 45 line

 

This MACD Candles MT4 Forex Trading Strategy is lag price because they are a derivative of price but it’s a good tool to interpret what price has done and what price will potentially do.

Using this trading system combined with price action offers a more complete way of approaching your trading charts.

With that, you hope your probability of trading success in the long term increases and you begin to take trades that have a higher odds of giving you some traction into positive territory.