As the name implies, the Future MACD Forex indicator for MT4 is based on the popular MACD technical indicator but it uses another signal method and different input values.
It can predict future prices more accurately.
The default values being used are different from the traditional MACD and goes as follows: 21 (fast EMA), 50 (slow EMA), 9 (signal period).
The indicator can be used as a standalone signals indicator or combined with longer-term trend trading indicators.
For scalping and day trading, use the Future MACD indicator in the London and American trading sessions.
Key Takeaways
- Predicts future currency prices better.
- Can be used as a standalone buy/sell indicator.
- Works for scalping, day trading and swing trading.
Feel free to explore the Future MACD Forex indicator’s different parameters and settings to create your own personalized indicator setup.
Download This MT4 Forex Indicator Free
Download the “future macd.ex4” Metatrader 4 indicator
Future MACD Forex Indicator Chart (EUR/USD H1 Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The TRIX MACD MT4 Indicator
Buy Signal: Execute a long position when the Future MACD bars turn back above the 0.00 neutral level.
Set your stop loss below the most recent swing low, or use your own favorite stop loss strategy.
Exit the buy trade for a fixed profit target of your preference, or wait until you get an opposite sell signal.
Alternately, apply your own take profit method for MACD buy trades.
Sell Signal: Execute a short position when the Future MACD bars turn back below the 0.00 neutral level.
Set your stop loss above the most recent swing high, or use your own favorite stop loss strategy.
Exit the sell trade for a fixed profit target of your preference, or wait until you get an opposite buy signal.
Alternately, apply your own take profit method for MACD sell trades.
Download This Forex Indicator Now
Download the “future macd.ex4” MT4 indicator
Adjustable Parameters
Fast EMA, slow EMA, signal period, MACD price, signal method, colors, levels, visualization.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: MACD
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.
