Free Indicator "MACD-2 Magic Indicator"

Introduction

Many traders use the standart MT4 indicator MACD in their trading. It is inbuilt in

MetaTrader, and this is why sometimes traders do not regard it to be useful enough.

We consider this Indicator to be the most undervalued. Its possibilities are almost

unlimited. If you can use it, you may start making very good profit even being an

absolute beginner.

Installation

1. Copy MACD-2_1.mq4 file to

C:/Program Files/MetaTrader4/experts/indicators folder and restart

your MetaTrader. Download Here

2. Open EURUSD M15 timeframe.

3. Open Navigator/Custom Indicators panel and drag the indicator named

MACD-2_1 to the chart.

4. Please, make all the settings in the “Common” tab the same as in the picture

below.

5. Please, make all the settings in the “Inputs” tab the same as in the picture

below.

6. Please, make all the settings in the “Colors” tab the same as in the picture

below.

7. Click OK

After you successfully install indicator, your chart should look like that in the

picture.

Signals

If you see that a red line crosses the blue line bottom-up, open Buy Order.

If you see that a red line crosses the blue line top-down, open Sell Order.

Close an Order getting a turning signal and open an Order in the opposite direction

at once.

by : Rita Lasker