The Winning MACD Forex indicator for Metatrader 4 is a cloud based arbitrage indicator that provides great trading signals.
After loading the MACD Arbitrage indicator on the chart, the MACD cloud will appear underneath the main trading window.
Key Points:
- The green MACD Arbitrage cloud represents a buy signal.
- The red MACD Arbitrage cloud represents a sell signal.
Tips:
For scalping and day trading on the M1, M5 and M15 time frames, it’s recommended to utilize the indicator in the London and U.S. trading sessions for best performance.
For swing trading (H1, H4 and D1 charts), it can be uses across all trading sessions without any problem.
Free Download
Download the “arbitrage-macd.mq4” indicator for MT4
Indicator Example Chart (EUR/USD M15)
How to trade with it (example)?
Open a buy trade as soon as the green MACD Arbitrage cloud starts drawing on the chart.
Open a sell trade as soon as the red MACD Arbitrage cloud starts drawing on the chart.
Exit the trade when an opposite trading signal appears on the chart, or close for a fixed profit target of your preference.
Feel free to use your own favorite trading method to open and close trades with the MACD Arbitrage Cloud Forex indicator.
Indicator Specifications
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Indicator, time frame, MACD, fast EMA, slow EMA, signal SMA, Stochastic, RSI, CCI, color settings & style
Indicator type: MACD
Repaint? Does not repaint the MACD cloud.
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Download the “arbitrage-macd.mq4” indicator for Metatrader 4
Installation:
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the arbitrage-macd.mq4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.