2MA TRADING SYSTEM FOR MT4

 

2MA Combo Trading System is a Trend following trading system. Its a simple trading system with only two Indicators.

Indicators used in 2MA Combo Trading System.

• Moving Average (Simple Moving Average 50 and Simple Moving Average 100)
• MACD True from SwingMan

Time Frame        : M15 and above.

Buy (Long) Entry:  Price is above SMA 50, SMA 50 is above SMA 100 and MACD is above zero within the last 5 bars otherwise wait for the next cross of the MACD.

Stop Loss             : Initial Stop loss at five bar low from entry.

Take Profit          : Exit half of the positions at 2 times of the stop loss (risk) and move the stop loss to breakeven. Close remaining positions when price closed below SMA 50 by 10 pips.

 

Sell (Short) Entry: Price is below SMA 50, SMA 50 is below SMA 100 and MACD is below zero within the last 5 bars otherwise wait for the next cross of the MACD.

Stop loss              : Initial Stop loss at five bar high from entry.

Take profit          : Exit half of the positions at 2 times of the stop loss (risk) and move the stop loss to breakeven. Close remaining positions when price closed below SMA 50 by 10 pips.

NOTE: Do not enter trades when the price is between SMA 50 and SMA 100.

Downloadable file 2MA Combo Trading System.rar contains 

MACD True from SwingMan.ex4, 

MACD True from SwingMan.mq4 

and 2MA Combo Trading System.tpl