Trend trading strategy Dema MACD Zones — these are simple rules for opening positions, accurate and profitable signals for trading on Renko charts.
Trend trading strategy Dema MACD Zones is intended for use on Renko charts. The strategy is based on only three technical indicators and has very simple trading rules. Despite this, Dema MACD Zones input signals have very high accuracy.
Input parameters
- Currency pairs: EUR / USD, GBP / USD, AUD / USD, USD / CHF, USD / JPY, AUD / JPY, NZD / AUSD, EUR / GBP, EUR / AUD, USD / CAD, GBP / JPY
- Timeframe: the size of the «brick» Renko 5 points or more
- Bidding Time: Any
- Risk management: after calculating the stop loss, choose such a lot volume so that the risk is no more than 2-5% of the deposit per transaction
Indicators Used
- Renko live chart indicator
- Dema MACD Zones Trading (12, 26, 9)
- ATR Stop and reverse (40, 9, 3.0)
- Heiken ashi V.3
Price Chart Setup
- Unpack the archive
- Copy the template to the templates folder
- Copy indicators to the MQL4 folder -> indicators
- Restart the terminal
- Open the chart of the desired currency pair
- Set the Renko live chart indicator on the chart
- Go to the File -> Open Offline section and select the chart of our tool for the M7 timeframe.
- Install the template named dema MACD Zone Trading
The graph should look like this:
Signals indicating the opening of a long position
- Dema MACD Zones Trading indicator displays a green zone on the chart;
- a blue up arrow appeared indicator ATR Stop and reverse;
- Heiken ashi candle in blue.
Signals indicating the opening of a short transaction
- Dema MACD Zones Trading indicator displays a red zone on the chart;
- a red down arrow appeared indicator ATR Stop and reverse;
- Red Heiken ashi candle.
Trend trading strategy Dema MACD Zones, in principle, can be used on regular price charts, however, the most profitable trading will be on Renko charts.