MACD Blaster Pro Indicator

The MACD Blaster Pro identifies buy/sell signals based on MACD calculations. In this guide, we’ll talk about what the indicator is and its trading strategy.

What is the MACD Blaster Pro Indicator?

The MACD Blaster is a buy/sell indicator that shows if it’s the right time to enter the trade. The indicator doesn’t plot MACD but uses MACD’s calculations to create a dialog box.

The box has two circles, which look like buttons. These are MT1 and MT2. These buttons change according to the current price momentum. When both buttons are green, the indicator plots buy signals, while if both are red, it illustrates sell signals.

The MACD Blaster Pro also has NO trade analysis. It means that the current trend isn’t strong on either side, and you may not take positions now.

MACD Blaster Pro
MACD Blaster Pro

MACD Blaster Pro Strategy

Before trading with the indicator, it’s important to remember that MACD Blaster Pro only works on the current price action. It generates buy/sell signals according to the current bar and doesn’t take note of the previous bars.


Trading with the indicator is simple. All you have to do is look for Buy Only and Sell Only signals. When the indicator shows BUY only, you can take long positions. Conversely, if it mentions Sell Only, you can go short.

The good thing about the indicator is it doesn’t repaint. As mentioned, it gives buy/sell signals according to the current price action and doesn’t repaint from buy to sell or no trade.

When MACD Blaster Pro generates a Buy Only signal, it means there is an uptrend, and when it signals Sell Only, there is a downtrend. However, adding additional indicators is better to prevent any false signals.

The good thing about the MACD Blaster Pro is you can use it on all timeframes. The indicator plots buy/sell signals according to your set timeframe.

Buy Signal

  • The indicator should show Buy Only.
  • Add another indicator for further confirmation.
  • You could place a stop-loss at the recent low.
  • You could set take-profit at the recent high or exit the trade MACD Blaster Pro shows Sell Only/No Trade.
MACD Blaster Pro buy signal
MACD Blaster Pro buy signal

Sell Signal

  • The indicator should show Sell Only.
  • Add another indicator for further confirmation.
  • You could place a stop-loss at the recent high.
  • You could set take-profit at the recent low or exit the trade MACD Blaster Pro shows Buy Only/No Trade.
MACD Blaster Pro sell signal
MACD Blaster Pro sell signal

MACD Blaster Pro Indicator Pros & Cons

Although MACD Blaster Pro does provide buy/sell signals, it’s not a perfect indicator. Here are the pros and cons of trading with the indicator.


Pros

  • The indicator gives buy/sell signals.
  • It is easy to understand.
  • It doesn’t repaint
  • MACD Blaster Pro works on all timeframes.

Cons

  • You may need to combine the indicator with other forms of technical analysis.
  • It doesn’t take historical data into account.

Conclusion

The MACD Blaster Pro uses MACD to plot buy/sell signals. The indicator makes detecting the current market trend easier and tells if the current bar is suitable for trading.

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