Free Forex Systems (MT4), Trend Following Systems

MACD and AMA Forex MT4 Indicators Based Strategy

MACD and AMA Forex MT4 Indicators Based Strategy is a great innovation for modern trend following forex traders that shows how a combination of as few as two indicators can produce the trading magic at the market. A lower number of indicators have kept the strategy quite easier and simpler to read and learn that offers a great advantage to newbie traders.

This indicator can be applied to trade any forex currency pair available at the MT4 trading terminal. Moreover, this system perfectly fits with all sorts of timeframe charts.

MACD and AMA Forex MT4 Indicators Based Strategy Overview

After the installation of MACD and AMA Forex MT4 Indicators Based Strategy at your forex MT4 platform, your trading chart will appear like the following image: 

MACD and AMA Forex MT4 Indicators Based Strategy
Time FrameCurrency PairsIndicator FactorsRatings
AnyAny29.8/10

MACD and AMA Forex MT4 Indicators Based Strategy Anatomy 

MACD and AMA Forex MT4 Indicators Based Strategy Anatomy
  • AMA: It is plotted as a series of dotted lines connected by the indicator slope at the main chart window. Price usually holds above its level and the indicator itself turns blue to signal a bullish trend. On the other hand, if the price keeps closing below its level and the indicator turns into red then signals the bearish trend of the market.
  • Rads MACD: This version is the upgraded version world famous forex momentum indicator “MACD”. It turns green and positive in value to signal the bullish momentum. Conversely, it turns red carrying a negative value represents the bearish momentum of the market.

MACD and AMA Forex MT4 Indicators Based Strategy: Buy Parameters

MACD and AMA Forex MT4 Indicators Based Strategy Buy
  • AMA turns blue and price closes as a bullish bar above its level
  • Rads MACD turns green and positive in value
  • Buy triggers when all of the above conditions are met
  • Set stop loss below the AMA level
  • Exit long/take profit whenever both AMA and Rads MACD turn red

Also Check: RoboForex Review

MACD and AMA Forex MT4 Indicators Based Strategy: Sell Parameters

MACD and AMA Forex MT4 Indicators Based Strategy Sell
  • AMA turns red and price closes as a bearish bar below its level
  • Rads MACD turns red and negative in value
  • Sell triggers when all of the above conditions are met
  • Set stop loss above the AMA level
  • Exit short/take profit whenever both AMA and Rads MACD turn positive
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I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

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About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.