MACD Cross Indicator MT4  

MACD Cross Indicator MT4 is a forex trading indicator which is based on MACD indicator. When you think of a MACD indicator, you would probably be thinking of some oscillators and histogram in the bottom of the chart. But MACD cross indicator has different way of presenting itself rather than traditional MACD indicator. In my back-testing process, I realized that this indicator is highly accurate in the signal it generates. However, I recommend traders to blend other trend indicators with this MACD Cross indicator. This indicator can be used to trade range market as well as trending markets. But to have an edge, it is recommended to trade only the trending market.

MACD Cross Indicator Overview
MACD Cross indicator basically comprises of blue and red arrows. Have a glance at the MACD Cross Indicator below:MACD Cross Indicator Overview
MACD Cross Indicator Overview

Time Frame Currency Pairs Name of Indicator Ratings
M15 to Daily Any MACD Cross |Indicator 9.8/10

MACD Cross is completely a momentum and trend based technical indicator. So it is still safe to play alone with this indicator. In other words, it’s still okay to use this single indicator for your overall trading. There is a technique to use this indicator in a best possible way and it’s very easy. Before trying any technical indicators on Trendfollowingsystem.com I assume that traders have the basic knowledge of the market trend. A trader should be able to differentiate up trend, downtrend, and sideways market.

And when you use this indicator I suggest you to choose any currency pair which is trending, it doesn’t’ matter whether it is up or down but it has to be trending. Please go through …………..to have some insights on the trend of the market. Now, I will guide you the parameters required for buying and selling currencies based on this indicator.

Trending: Heiken Ashi Exit Indicator

MACD Cross Indicator: Buy Parameters

MACD Cross Indicator Buy Parameters
MACD Cross Indicator Buy Parameters
  • Market should be up trending.
  • Market should be bouncing from the support level.
  • MACD Cross Indicator (Blue arrow) should appear below the market.
  • Place your buy position when the above parameters are met.
  • Keep your stop loss below the recent swing low.
  • Book your profit when you see MACD Cross Indicator (Red arrow) above the market price.

MACD Cross Indicator: Sell Parameters

MACD Cross Indicator Sell Parameters
MACD Cross Indicator Sell Parameters
  • Market should be down trending.
  • Market should be pulling back from the resistance level.
  • MACD Cross Indicator (Red arrow) should appear above the market.
  • Place your short position when the above parameters are met.
  • Keep your stop loss above the recent swing high.
  • Book your profit when you see MACD Cross Indicator (Blue arrow) below the market price.
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I have been actively trading stocks and currencies since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund which 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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