McGinley Dynamic EA Setup - Setting Up McGinley Dynamic Expert Advisor

McGinley Dynamic EA Setup - Setting Up McGinley Dynamic EA - A trader can come up with an McGinley Dynamic EA based on the McGinley Dynamic indicator explained below.

McGinley Dynamic EA rules can be combined with other Forex trading indicators to come up with other Expert Advisor Forex Robots that trade using rules based on two or more indicators combined to form a trading system.

McGinley Dynamic Forex Trading Technical Analysis & McGinley Dynamic Signals

Developed by John McGinley

McGinley Dynamic aims to overcome the lag of the traditional simple & exponential moving averages, the indicator automatically adjusting itself relative to the speed of the FX market. Thus its name, dynamic.

The indicator follows price movements closely in both a fast and a slow moving forex market.

McGinley Dynamic EA Setup

Forex Trading Analysis and Generating Signals

This technical indicator is better at avoiding whip-saws compared to the original moving average.

Calculated using the formula:

Dynamic = D1 + (Price - D1) / (N * (Price/D1)^4)

D1 = previous value of Dynamic technical indicator

N = smoothing factor (of price periods)

^ = Power of

Bullish, Buy Forex Signals & Bearish, Sell Trading Signals

McGinley Dynamic should be combined with moving averages to form a Forex trading system. McGinley Dynamic should be used as the smoothing mechanisms where the moving average is choppy or ranging.

• Bullish, Buy Signal - A buy signal is generated when price is crosses above the indicator.
• Bearish, Sell Signal - A sell signal is generated when price is crosses below the indicator.

Technical Analysis in Forex Trading - Forex McGinley Dynamic EA Setup