MACD Slope Trading System (Trading system with MACD-Slope) - ForexFactory #73513
Hello,
I have come across some great trading systems and indicators on my journey to the Holy Grail.
In the meantime, I tried a pretty good setup consisting essentially of Stochastic and MACD.
The tricky part is that I need certain conditions for MACD.
Long positions should be opened only if the MACD was not long ago below a defined level and the slope of the signal line has a defined value.
If this condition is met and the stochastic %K line crosses the %D line from below, a buy signal is at hand. What's also tricky is that these two conditions are not necessary at the same time, but are close to each other (temporally-wise).
In the documentation file you will see a message with an image that I discovered by someone who also works with MACD Slope. Unfortunately he does not use MT4 (VT).
To facilitate tracking of multiple currency pairs simultaneously, indicators with the following characteristics will be of great help:
Smoothed Moving Average Convergence and Divergence:
The indicator emits an alert (sound and arrow on the graph) when the MACD line falls below a certain value (a value can be set), and shortly after, the slope of the MACD signal line reaches a defined value (a value can be set).
Furthermore, the calculation of the slope should be adjustable (given the value of the bar used for the calculation).
When these conditions are met, an alert occurs. Furthermore, it would be convenient to have an early warning, which means that the alarm warns that the MACD falls below a defined value.
There are 2 examples of entry signals in the attached documentation file. They are suitable for over 20 and 60 points.
Use MACD_Colored_v104_Output_Early.mq4 instead of standard MACD.
This strategy should also work very well on the 4-hour chart.
I've tried everything to find an indicator that at least shows the slope, but with no success.
Unfortunately, I'm not a programmer, but I know we have very talented people in this forum. It would be of great benefit to everyone if someone took up this challenge. At least I would be very grateful.
Thanks for your help.
Andome
I have come across some great trading systems and indicators on my journey to the Holy Grail.
In the meantime, I tried a pretty good setup consisting essentially of Stochastic and MACD.
The tricky part is that I need certain conditions for MACD.
Long positions should be opened only if the MACD was not long ago below a defined level and the slope of the signal line has a defined value.
If this condition is met and the stochastic %K line crosses the %D line from below, a buy signal is at hand. What's also tricky is that these two conditions are not necessary at the same time, but are close to each other (temporally-wise).
In the documentation file you will see a message with an image that I discovered by someone who also works with MACD Slope. Unfortunately he does not use MT4 (VT).
To facilitate tracking of multiple currency pairs simultaneously, indicators with the following characteristics will be of great help:
Smoothed Moving Average Convergence and Divergence:
The indicator emits an alert (sound and arrow on the graph) when the MACD line falls below a certain value (a value can be set), and shortly after, the slope of the MACD signal line reaches a defined value (a value can be set).
Furthermore, the calculation of the slope should be adjustable (given the value of the bar used for the calculation).
When these conditions are met, an alert occurs. Furthermore, it would be convenient to have an early warning, which means that the alarm warns that the MACD falls below a defined value.
There are 2 examples of entry signals in the attached documentation file. They are suitable for over 20 and 60 points.
Use MACD_Colored_v104_Output_Early.mq4 instead of standard MACD.
This strategy should also work very well on the 4-hour chart.
I've tried everything to find an indicator that at least shows the slope, but with no success.
Unfortunately, I'm not a programmer, but I know we have very talented people in this forum. It would be of great benefit to everyone if someone took up this challenge. At least I would be very grateful.
Thanks for your help.
Andome
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