Madro Golden is a forex trading indicator. Madro Golden indicator doesn’t have any technical indicators on the main forex chart window. It is only full of filtering tools on the forex indicator window. There are only two main indicators used in this system. The indicators used in this system are custom-made. They are unique and might confuse beginner traders. Still, just by giving little effort to understand the strategy and following the system’s rules with complete self-discipline, the Madro Golden System becomes very easy to trade. One of the significant advantages of using the Madro Golden System is getting alerts very frequently. Usually, frequent indicator alerts are about the direction of the market. If you are tuned to a particular time frame, it will alert you like this- “GoldenMadro Up GBPUSD on the 15-minute chart”. It would be best if you had the power to focus when trading with this trading indicator.
The indicators on the mt4 indicator window might look tricky sometimes. You need to carefully analyze the indicators to get the correct and reliable forex trading signals. Being careless in focusing on the forex indicators will make wrong trading decisions. When the forex Madro Golden system is correctly loaded on your mt4 trading platform, your mt4 chart should look like this;
MadroGoldenFilter M1 forex indicator consists of some arrows on the top row, stars like figures in the middle, a colorful square box below that, and the main filtering tool at the bottom. We will use only the arrows and the crossed square box at the bottom in the signal generation process.
It is also very similar to the forex MadroGoldenFilter M1 indicator.
Since this trading strategy is tricky, try to trade only in a trending market and avoid trading during high-impact news events. It would be best if you had trustworthy money management techniques as well. Trusty worthy here means it should have been well tested in the past and should have shown promising results. Bad money management practices can hurt badly your account too fast, and even risk complete capital loss.
Buying Conditions Using Forex Madro Golden System
- An arrow pointing up should appear on the Forex MadroGoldenFilter M1 indicator.
- The crossed square box at the mt4 bottom of the Forex MadroGoldenFilter M1 indicator should be blue.
- Put your stop loss(SL) just below the previous swing low.
- Take your profit(TP) when an arrow pointing down appears on the forex MadroGoldenFilter M1 indicator.
Selling Conditions Using Forex Madro Golden Trading System
- An arrow pointing down should appear on the Forex MadroGoldenFilter M1 mt4 indicator.
- The crossed square box at the mt4 bottom of the Forex MadroGoldenFilter M1 indicator should be red.
- Put your stop loss(SL) is just above the recent swing high.
- Take your profit(TP) when an upward arrow appears on the MadroGoldenFilter M1 indicator.
Madro Golden Forex Indicator Free Download