Forex Tipu MACD Oscillator MT4 is a complete package trading strategy in itself. I said “a complete package” because it comprises of indicators that guides you on the buy and sell signal.
The trading signal is generated by one indicator and it is verified by another. It is a trend following the forex trading indicator and I recommend it to the trend following swing traders especially.
Forex Tipu MACD oscillator is mainly based on the MACD indicator. Here, we will use the Tipu MACD indicator is a confirmation indicator. Buying and selling signals will be generated by the arrows on the main chart window.
Forex Tipu MACD Oscillator Overview
When you get your copy of your system and install it should look like this:
| Time Frames | Currency Pairs | Number of Indicators | Ratings |
| M15 to Daily | Any | 2 | 9.7/10 |
Forex Tipu MACD Oscillator Anatomy
- Arrows: You can see blue and red arrows in the main chart window. Blue arrows are the signal for buying while red arrows are signal for selling. You should strictly follow these rules if you want to make money out of this forex trading indicator.
- Tipu MACD: Tipu MACD indicator has a histogram that moves in positive and negative regions. Positive histogram represents a bullish scenario while the negative histogram indicates increased selling pressure. There are also two oscillators used in this forex trading strategy. When the blue oscillator is above the brown one, it tells that the market is up trending. And when the brown oscillator crosses above blue oscillator it tells market is down trending.
Forex Tipu: Buy Parameters
- Market should be trending upwards.
- A blue arrow should appear below the market.
- Tipu MACD should form positive histogram.
- Execute your buy trade when above parameters are met.
- Set your stop loss below recent swing low.
- Book your profit when you see a red arrow above the market.
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Forex Tipu: Sell Parameters
- Market should be trending downwards.
- A red arrow should appear above the market.
- Tipu MACD should form negative histogram.
- Execute your sell trade when above parameters are met.
- Set your stop loss below recent swing low.
- Book your profit when you see a red arrow above the market.
