Double MACD Momentum is a forex trading strategy system. Double MACD Momentum is a forex trading strategy built for serious traders. Double MACD Momentum is a straightforward forex trading system. This forex trading strategy is a highly reliable and proven system that works as it has performed amazingly during the testing and trial phase. Tested the Double MACD Momentum forex trading indicator over various forex instruments in a wide range of time frames, and it made more than 80% of accuracy. If you can manage the risk to reward ratio of every trade, you will make a lot of money using this indicator if the precision is very high.
When you install the Double MACD Momentum system in your trading platform, your chart should look like this:
Double MACD Momentum Forex Indicator
MACD is a technical indicator that is a little modified from the original one. This version of the MACD indicator forms two levels of bars. You can see blue color bars and yellow bars. The crossovers of these two indicator bar levels generate the buying and selling entry signals. The yellow color bars are more sensitive to the chart price action, and the blue is less sensitive. It is a buying entry signal when you see yellow bars moving higher than the blue bars. Similarly, it is a sell signal when the yellow bars are in negative territory before the blue bars.
Buying Conditions Using Double MACD Momentum Indicator
- The market should be up trending.
- The market should be going up from the recent swing low.
- Yellow color bars should cross to the positive territory.
- Yellow color bars should be above the blue bars.
- Put your long position as soon as the above conditions are done.
- Put your stop loss(SL) just below the recent swing low.
- Take your profit(TP) when the blue bars appear above the yellow bars.
Selling Conditions Using Double MACD Momentum Indicator
- The market should be going down.
- The market should be going down from the recent swing high.
- Yellow color bars should cross to the negative territory.
- Yellow color bars should be below the blue bars.
- Place your short position as soon as the above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when the blue bars appear above the yellow bars.
Double MACD Momentum Forex Indicator Free Download