MACD with Coral is a simple trading system trend following based only on two indicators MACD oscillators with an alert arrow on the chart and the coral as a filter. The coral filter has a period that depends on the time frame. This strategy is suitable for martingale as money management.
Time frame 15 min or higher
Currency pairs: majors and minors.
Metatrader 4 indicators setting
Slow MACD alert with the arrow on the chart (24, 52, 45).
Coral filter:
5 min, 15 min 260 periods –
30 min 180 periods -
60 min 120 periods-
4H 30 periods.
Trading rules MACD with Coral
Find the currency pairs in trend at the higher time frame.
Buy
Price above coral line.
Arrow buy of MACD oscillator.
Place initial stop loss belw the previous swing arrow.
Make profit with predeterminated profit target that depends by currency pairs and time frame.
Sell
Price below coral line.
Arrow sell of MACD oscillator.
Place the initial stop loss below the previous swing arrow.
Make a profit with predetermined profit target that depends on currency pairs and time frame.
Option with two Corals
You can add. A double filter with two corals. The first coral is relative to the time frame per second + 20 periods, for example, 4H time frame coral is 30 period the second coral is 50 period. when the two corals are overlapped or too close they do not trade.
In the pictures MACD with Coral in action.