Trend trading strategy MACD with Coral is a profitable system with simple trading rules and advanced signal filtering. Experienced traders can use it to trade according to the Martingale method.
Trend trading strategy MACD with Coral is a simple system built on only two technical indicators: the source of trading signals and the trend filter. At the same time, the period of the Coral indicator, which acts as a filter, depends on the timeframe used.
Input parameters
- Currency pairs: any, including cryptocurrencies
- Timeframe: M15 and above
- 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
- Slow MACD alert with arrow on the chart (24, 52, 45);
- Coral filter (for M5 and M15 — period 260, for M30 — period 180, for H1 — period 120, for H4 — period 30).
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
- Install the template named MACD with Coral
The graph should look like this:
Signals indicating the opening of a long position
- Prerequisite: the currency pair is in an uptrend;
- The price is above the Coral indicator line;
- A green up arrow has appeared.
Signals indicating the opening of a short position
- Prerequisite: the currency pair is in a downtrend;
- The price is below the Coral indicator line;
- A red down arrow has appeared.
Strategy author recommendations
For better filtering of trading signals, the author recommends adding another Coral indicator to the chart, with a period of +20 from the value of the first indicator. For example, for H1, the period of the first Coral indicator is 120, the period of the second is 140.
When two Coral indicators intersect or if the distance between them is too small, it is not recommended to open deals.
The MACD with Coral trading strategy perfectly suits trend trading using both classic money management rules and the Martingale method (it carries increased trading risks).