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MACD Forex Trading Strategy With Great Results

Discussion in 'Strategies & Systems' started by Lily, Aug 30, 2015.

  1. Lily

    Lily Forum Member

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    MACD is one of the most commonly used trading indicators in forex. This utterly simple strategy will help you to trade with the short-term trend.

    Trading Tools/Settings

    Indicators: MACD (moving average convergence/divergence) with default settings(12,26,9).
    Time frame(s): 15 Min and above
    Trading sessions: All
    Currency pairs: All

    GBP/USD 4 Hour Chart Example

    [​IMG]

    Trading Rules

    Long Entries:

    • MACD histogram closes above it’s zero line from below.
    Place protective stop-loss below the most recent support area. Take profit when the MACD crosses below the zero line from above(basic MACD exit strategy).

    Other buy exit strategies: Exit long trade at 1:2 risk-to-reward. Exit at key resistance levels. Exit long trade at trend line violation.
     

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