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Home Forex MT4 Indicators McGinley Dynamic Forex MT4 Indicator

McGinley Dynamic Forex MT4 Indicator

The Mcginley Dynamic is a forex indicator based on the moving average indicator with smoothing factor added to reduce noise and false signals.

Trading using Mcginley Dynamic indicator is really simple, just follow these general rules:

  • Candles above the Mcginley indicator line – look for potential buy signals.
  • Candles below the Mcginley indicator line – look for potential sell signals.

The indicator settings like period and smooting factor are customizable.

You can apply additional oscillator indicator like MACD or Stochastic to build a complete trading system.

How to trade with McGinley Dynamic indicator?

Trading signals from the Mcginley Dynamic indicator are easy to follow, just take a look.

Buy signals

Open long trade when price crosses and closes above the Mcginley Dynamic line from the downside.
Close the open trade when an opposite signal happens, or apply your own strategy of trade exit.

Sell signals

Open short trade when price crosses and closes below the Mcginley Dynamic line from upside.
Close the open trade when an opposite signal happens, or apply your own strategy of trade exit.

How to install the McGinley Dynamic indicator on your Metatrader 4 trading platform?

  • Download the indicator by clicking “LINK” button at the bottom of this post.
  • Copy and paste the McGinley Dynamic indicator file into following folder of your Metatrader 4 platform: MQL4 > Indicators.
  • You can gain access to the folders this way: File > Open Data Folder > MQL4 > Indicators (paste files here).
  • Restart your Metatrader 4 Client.
  • Select Chart and Timeframe where you want to test the indicator
  • Browse “Custom Indicators” in your Navigator that is located on the left in your Metatrader 4 platform.
  • Right click on mcginley-dynamic-indicator.mq4 and than click “Attach to the chart”.
  • You can modify settings if you need and than click ok.
  • The indicator is ready and running on the chart.

McGinley Dynamic Indicator MT4 Free Download.

To download the McGinley Dynamic for Metatrader 4 (MT4) for free just click the button below:

LINK

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