Trending trading strategy MACD with Coral

Trending trading strategy MACD with Coral - is a simple system based on only two technical indicators: a source of trading signals and a trend filter. At the same time, the period of the Coral indicator, which acts as a filter, depends on the timeframe used.

Input parameters

• Currency pairs: any, including cryptocurrencies
• Timeframe: M15 and higher
• Bidding time: any
• Risk management: after calculating the stop-loss, choose this lot sizeto risk no more than 2-5% of the deposit per transaction

Used indicators

• Slow MACD alert with arrow on the chart (24, 52, 45);
• Coral filter (for M5 and M15 - period 260, for M30 - period 180, for H1 - period 120, for H4 - period 30).

Setting up the price chart

• Unpack the archive
• Copy the template into the templates folder
• Copy the indicators to the folder MQL4 -> indicators
• Restarting the terminal
• Open the chart of the desired currency pair
• Install a template named MACD with Coral

The schedule should look like this:

Signals indicating the opening of a long position

• Prerequisite: The currency pair is in an uptrend;
• The price is above the Coral indicator line;
• A green up arrow appears.

Signals indicating the opening of a short position

• Prerequisite: The currency pair is in a downtrend;
• The price is below the Coral indicator line;
• A red down arrow appeared.

Setting a Take Profit Order

• Take Profit order is placed near the support or resistance line of the trend. It is allowed to set a fixed take profit value, which depends on the currency pair and timeframe;
• stop-loss is initially set above/below the previous maximum/minimum. Further it is recommended to use trailing stop.

Recommendations of the author of the strategy

For better filtering of trading signals, the author recommends adding another Coral indicator to the chart, with a period of +20 of the value of the first 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.

MACD with Coral trading strategy is perfectly suited to trend trading using both the classic rules of maneuvering, and using the the Martingale method (carries increased trading risks).

Download MACD with Coral Strategy Template and Indicators

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