Macd Scanner with embedded Trend filter

4.75

This scanner is monitoring the entire market for trade opportunities for all symbols and for all time frames. You don't have to look to all the charts, for all symbols and for all time frames. This scanner will alert you on your computer, or on your mobile, when a trade opportunity has been found. You never have to miss a trade opportunity!

 

This indicator is designed to scan all pairs and symbols, for all time frames, to find a cross of the MACD main and signal line.

 

MACD Definition

The MACD is used to follow trends. The MACD is calculated as follows: 12-period EMA - 26 period EMA (default values). The MACD signal is the EMA (9 days) of the MACD line.  The most important signal of the MACD is when the MACD crossed the signal line up or down. This gives us a signal that a trend might be emerging in the direction of the cross.

 Note: This indicator will not show information on the chart. This is a scanner and will provide reliable MACD trading alerts.


MACD Trading Strategy

The MACD strategy is to trade when there is a cross of the MACD and Signal line. However, you do not want to act on every signal. You will be most successful when you follow the trend.

 

This scanner has implemented multiple filters to provide most reliable MACD signals:

  • Signals will be filtered when it is not following the MACD trend. E.g. If the MACD is below the zero line, no Bullish alerts will be issued.
  • The scanner has an embedded trend filter, to only provide signals following the trend.
  • It will filter signals if the MACD value is low. If the MACD value is low, it means that the 12-period EMA and the 26 period EMA are close to each other. In this case, there is no strong trend, and you don't want to trade in this condition.

 

Trading Recommendations: 

  • Like for every indicator, the higher time frames are more reliable then shorter time frames. For that reason, the recommendation is to use the scanner for high time frames only (H1 or higher).
  • Do not enter the market when high critical news is expected the same day. High critical news can result in unexpected movements in the market, which can not be identified by any indicator. News can be found on e.g. the MQL website, DailyFX and investing.com.
  • Do not enter the market when the price is close to an important support or resistance.

  

Features

  • Provide trading signal to enter the market, for a MACD / Signal cross, in line with the mean trend.
  • Provide signals to exit the market, based on a counter trend MACD/Signal cross.
  • Scans all symbols visible in your Market Watch window, or all symbols available for your broker at the same time.
  • Indicator only have to be installed on one chart to scan the entire market.
  • Specify which time frame you want to monitor. Each time frame can be selected in the settings.
  • The dashboard will show the latest alerts provided by this Scanner. When you click on an alert in the dashboard, a new chart will be opened for the applicable Symbol and time frame. The new chart will highlight the alert with a vertical line.
  • Receive Alerts in the MT4 terminal for each trade opportunity found.
  • Receive Alerts on your mobile phone, so you never miss a trade opportunity!
  • Low CPU usage.
  • Alerts for MACD Main / Signal crosses, with Trend filter
  • Alerts when the MACD 0-line is crossed

 

Installation

  • Download the Indicator in your MT4 terminal after you have purchased the product.
  • Put the indicator on one chart in your MT4 terminal (any chart can be used, any symbol and time frame can be used), and from that moment the entire market will be scanned for all pairs and symbols, and for all time frames as configured.

 

Parameters

Please refer to my blog for detailed clarification for all the settings.

      Reviews 6
      intan08
      1388
      intan08 2022.07.25 16:05 

      Pleased with this.

      Rogelio Hernandez
      76
      Rogelio Hernandez 2021.01.21 00:21 

      This is a really good product, quality, price and really good support are the key here. Thanks for this tool!

      Aravind Kolanupaka
      10405
      Aravind Kolanupaka 2019.03.06 10:25 

      Very good.

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      Click and Go Trade Manager: The Ultimate MT5 Execution Suite Precision Execution. Professional Performance Tracking. Total Control. In the world of   Smart Money Concepts (SMC) , ICT, and high-frequency scalping,   precision is your only edge.   Most traders lose not because their analysis is wrong, but because their execution is slow and their psychology is undisciplined. The Hard Truth:   If you are still manually calculating lot sizes or dragging lines while the price moves against you,   you
      Keyboard Trading
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      Three Moving Average Scanner
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      This scanner is monitoring the entire market for trade opportunities for all symbols and for all time frames. This scanner will alert you on your computer, or on your mobile, when a trade opportunity has been found. Three moving average strategy   The three moving average strategy is a very popular and proven strategy. The slowest moving average is used to determine the direction of the trend. If the price is above the slowest moving average, we are in a Bullish market and if the price is below
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      If you use Resistance and Support Trendlines in your trading, this tool will be very useful for you!  The Trendline Trading EA is a smart and easy tool to helps you in your trading using trendlines on your chart. Just create a trendline for the Resistance and Support, and the EA will create pending orders when the price touch the trendline. The following orders will be created when the price touch the trendline: Pending order in case the price breaks the trendline Pending order in case the price
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      This scanner is monitoring the entire market for Ichimoku trade opportunities for all symbols and for all time frames. You don't have to look to all the charts, for all symbols and for all time frames. This scanner will alert you on your computer, or on your mobile, when a trade opportunity has been found.  You never have to miss a trade opportunity!   This indicator is designed to scan all pairs and symbols, for all selected time frames, to find a Tenkan and Kijun Cross or a breakout of the Ich
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      Exit Manager
      Victor Christiaanse
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      Exit Manager MT5
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      Enhance Your Trading with the Exit Manager Elevate your trading strategy with the Exit Manager, designed to ensure optimal closure of your trades at precisely the right moments. Once you've placed an order, our Exit Manager steps in and starts monitoring the order based on YOUR predetermined conditions, and can even trail your stop loss to mitigate risk. Key Features: Set & Forget Functionality With the Exit Manager, simply place your trade and let the tool do the rest. It continuously monitors
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      sunnychow
      9083
      sunnychow 2024.04.23 15:47 

      Nice

      intan08
      1388
      intan08 2022.07.25 16:05 

      Pleased with this.

      Rogelio Hernandez
      76
      Rogelio Hernandez 2021.01.21 00:21 

      This is a really good product, quality, price and really good support are the key here. Thanks for this tool!

      Lasse Michael Holm
      1627
      Lasse Michael Holm 2020.05.11 15:04 

      User didn't leave any comment to the rating

      Bruce Chen
      44
      Bruce Chen 2019.12.22 13:43 

      User didn't leave any comment to the rating

      Aravind Kolanupaka
      10405
      Aravind Kolanupaka 2019.03.06 10:25 

      Very good.

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