Lesson 5. Forex trading. Combination of Fractal, MA and MACD technical indicators

Published on April 20, 2022

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In this lesson, I will not only talk about how a trader can combine three technical indicators: Fractals, moving averages, and MACD. But I will also tell you how one technical indicator can replace others, which will ultimately simplify the analysis process while maintaining the quality of the received trading signals.
Now let’s move on to the practical part, where we will look at examples of trading signals when lines cross in the MACD indicator and moving averages marked on the price chart.
At point A, the moving averages with a period of 20 and 50 crossed, which is essentially a trading signal for opening a short position. But since the pair’s quotes were above the MA 200 at that time, this trading signal cannot be processed, since at that time it was counter-trending.
But if the trader used the MACD indicator, then after the signal appeared at point A, formed by shifting the histogram columns to the negative area and confirmed by the intersection of the zero mark with the signal line, he would earn money by reducing the price from point B to point C.
While the trading signal formed solely by the intersection of moving averages was received only at point C. Since only at this moment all three moving averages were built from the fastest to the slowest.
But the main advantage of using several technical indicators is not that one of them is able to give a signal to open a trading position before the others, but that the coincidence of trading signals for several technical indicators significantly reduces risks.
As a result, a trader using the technical indicator MACD with basic settings for the daily chart and moving averages with a period of 20, 50 and 200 would receive one high-quality trading signal at point C, which would significantly reduce their risks.
At this point, the trader can add a third indicator, which we have already reviewed – Fractals.
And this technical indicator confirms the advantage of sellers, since only fixing the candle above the marked resistance area, highlighted in yellow, will indicate the ability of the pair’s quotes to resume growth. As a result, up to this point, only sales are relevant.
The trader has already confirmed this trading signal with three technical indicators, which significantly increases its degree of importance, reducing the level of risk.
But as technical indicators are added to the price chart, the analysis process becomes more complicated, since there are too many different lines and symbols that do not allow you to quickly track price changes. Therefore, there is a need to reduce the number of technical indicators placed on the price chart. At the same time, it is important for the trader to get the same number of confirmed trading signals as before. How can this effect be achieved?
Everything is very simple. The trader needs to remove interchangeable technical indicators. In this case, we are talking about two moving averages, which are completely replaced by similar indicators that are part of the MACD. We will remove the MA 20 and MA 50 from the price chart, which have an analog in the MACD oscillator, while the moving average with a period of 200 will remain, since it will indicate which direction to open trading positions in: to buy or sell.
This is how a trader’s price chart with all the trading signals will look, as in the previous example, but the load on the chart itself is significantly reduced. This will allow the trader to react more quickly to price changes and as a result to the receipt of trading signals from the technical indicators they use.
In the next lesson, I will talk about such a technical indicator as Stochastic. This is another oscillator that will allow you to filter out false trading signals, while the load on the price chart remains acceptable.

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