MT5-MACD 2 scalper

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• THE INDICATOR WORKS ON
• BOOM CRASH 1000
• CRASH 500
• VIX75
• AND GBPUSD
• AND MANY MORE

Introduction to the MACD 2 SCALPER The  MACD 2 scalper is obviously based on the Moving Average Convergence Divergence indicator but it has 2 lines that form a cloud. The difference between the MACD and the signal line is presented in the form of a color histogram.

The  MACD 2 scalper fits all kinds of timeframes and currency pairs. It is displayed in a separate window placed just below the main trading chart. The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.

Trading Rules Explanation

General trading rules for the  MACD 2 scalper are pretty simple. Green cloud indicates buy trade opportunities and red cloud triggers sell trades. In this example, we’ve used it in conjunction with a 100-period Exponential Moving Average to determine the overall trend direction. Detailed instructions are provided below.

Buy Signal

Follow these steps for a long trade:

• Overall trend is bullish (EMA slope is upward)
• Price is above EMA and doesn’t touch it
• The cloud switches from red to green
• Buy trade is triggered after the above conditions are met
• Set stop loss a few pips below the last swing low of the market
• Take profit or exit trade whenever the cloud changes color or use your own method of trade exit

Sell Signal

Follow these steps for a short trade:

• Overall trend is bearish (EMA slope is downward)
• Price is below EMA and doesn’t touch it
• The cloud switches from green to red
• Sell trade is triggered after the above conditions are met
• Set stop loss a few pips above the last swing high of the market
• Take profit or exit trade whenever the cloud changes color or use your own method of trade exit

As always, to achieve good results, remember about proper money management. To be a profitable trader you need to master discipline, emotions, and psychology. It is crucial to know when to trade, but also when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc.

Bottom Line

The MACD 2 Line indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it.

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