Trend Trading Strategy Easy Trend Visualizer Is a trend system for the MetaTrader 5 terminal based on a modification of the MACD indicator. The proposed MACD Flat version is indeed a great filter or entry point for trend following strategies.
- Currency pairs: any
- Timeframe: M15 and older
- Trading time: any
- Risk management: choose such a lot size that the risk is no more than 2-5% of the deposit per trade
- EMA 100
- Trend detector
- JMA green line
- Trend Bar
- MACD Flat
Installing indicators and system template
- Unpack the archive with templates and indicators
- Copy the indicators to the MQL5 folder -> Indicators
- Copy the template to the MQL5 folder -> Profiles-> Templates
- Restart the terminal
- Opening the chart of the required currency pair
- Install a template named Easy Trend Visualizer MT5
The graph should look like this:
Signals indicating the opening of a buy position
- green square on the MACD Flat indicator;
- green candle;
- the price is above the tape;
- JMA indicator is green.
Signals indicating the opening of a sell position
- there is a red square on the MACD Flat indicator;
- red candle;
- the price is below the tape;
- JMA indicator is red.
Setting stop loss and take profit
- stop loss is set above / below the previous high / low;
- take profit is set at a ratio of 1.12: 1 to stop loss. It is recommended to exit the trade when the ribbon color changes.
Before using Easy Trend Visualizer for MetaTrader 5 terminal on a real deposit, we recommend testing it on a demo account.
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