The Fx Trading Revolution website introduces various FX trading strategies. The EA (automatic trading software) introduced this time is based on this "30-Minute MACD Forex Trading Strategy," which is one of the trading strategies published on this site.
The rules are slightly changed for this EA, but essentially, the strategy is kept the same. "Is this strategy working well?" If you have any doubts, please continue reading below where you can also download the EA for free.
This EA will place a buy order if the following conditions are met (for sell orders the reverse conditions apply):
Entry logic is only confirmed when a new candlestick is created.
This EA will close the buy order if any of the following conditions are met (the reverse for sell orders):
The following two methods are available for cutting losses:
By the way, it is also possible to set take profit orders via the parameters. By default, Take Profit is set to 0.
Originally, this trading strategy is premised on the 30-minute time frame, but it can be used at other time frames as well. Also, this strategy can be a typical trend-following technique, so it's perfect for those who want to make good profits on the trend. In fact, like other trend-following methods, this EA has a low win rate, but it has a lot of large profits that outweigh the losses in the end.
Note: Backtest results may be optimized. Also, the backtest results may differ from the trading results when using a live trading account. Please understand this point before using the EA.
Download the "MACD_30M" Expert Advisor from the button below
Do you need help with installing this indicator into MT4 for Windows or Mac OS? Our guide HERE will help you.
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Free Forex eBooks:
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Forex Education - Psychology:
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