Trending trading strategy MACD with Coral for cryptocurrencies
- is a simple system based on just two technical indicators: a source of trading signals and a trend filter. The period of the Coral indicator, which acts as a filter, depends on the timeframe used.
After installing the template, the chart of the currency pair should look like this:
MACD with Coral trading strategy template Examples of long trades Examples of short tradesTo protect your trade from unnecessary unexpected losses, it is advisable to use protective orders:
For better filtering of trading signals the author recommends adding another Coral indicator to the chart with the period +20 of the value of the first similar indicator. For example, for H1 the period of the first Coral indicator is 120, the period of the second - 140.
If the two Coral indicators cross or the distance between them is too small, it is not recommended to open a trade.
Perfectly suited to trade on the trend with the use of both classic rules of manimendzhment, and with the use of (carries increased trading risks).