766# MACD with Coral

Submit by Leon

MACD with Coral is a simple trading system trend following based only on two indicators MACD oscillators with alert arrow on the chart and the coral as filter. The coral filter has a period that depends by time frame. This strategy is suitable for martigale as money management.

Time frame 15 min or higher

Currency pairs: majors and minors.

Metatrader 4 indicators setting

Slow MACD alert with 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 initial stop loss belw the previous swing arrow.

Make profit with predeterminated profit target that depends by currency pairs and time frame.

Option with two Corals

You can add. An 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.

Share your opinion, can help everyone to understand the forex strategy.