Forex Strategy on MACD, bringing profit — may not be the best trading system, but one of the simplest, it is used for time intervals of a currency pair EURUSD.
And so on for trade, we need to put the following chart forex indicators:
- Exponential Moving Average EMA (62), close.
- Forex Indicator MACD-combo (12,26,9).
- All entries into the market are carried out only in the range from 06:00 GMT to 16:00 GMT.
Opening of a deal to buy:
Main Line Indicator MACD-combo should be above the signal line at least 2 hours. The level of the opening of the candles should be above the moving average EMA (62).
Opening of the deal to sell:
Main Line Indicator MACD-combo to be below the signal line at least 2 hours. The level of the opening of the candles must be below the moving average EMA (62).
Additional conditions to the «Strategy for forex MACD, income-generating:
- Body of the candle should not have a tail in the opposite direction to the concluded transaction (see the example in Figure — highlighted blue area)!
- If the graph formed Divergence — the transaction does not lie!
Safety stop-loss — 50 pips for all positions.
Upon reaching profits 25 — 30 points — I recommend to rearrange the stop loss to breakeven and beyond is quite possible to use a trailing stop at a distance of 25-30 points.
Closing of trade positions — after the back-crossing indicator MACD-combo or stop-loss.
Rules for trading on Friday:
1. On Friday, it should not open the position later than 15:00 GMT.
2. All open trading positions on Friday, at the time of 19:00 GMT is recommended to close so as not to fall into a possible gap at the opening of markets on Monday (especially if the market is very volatile).
