Simple MA-Macd Mix
bossxero:
This trading method suits all pairs and timeframes. So, the pair and timeframe which you will choose should depend solely on your own personal favorites. We are also going to use 2 popular indicators, the moving average and the Macd. Everyone should know about these 2 indicators as they are the most common and widely used. The system itself is a multi-market trading tool, so you should be able to trade a wide array of market groups always applying the very same settings on all of them. The little research which you will have to do is to look for the most reliable timeframe to put this method to work. Setting the chart First and foremost, we need to setup our charts. Place the following on your chart: 1. Simple Moving Average (SMA) 13 on close - Red 2. MACD with setting 13,21,8 You can also use the template at the bottom of the post. When to Buy or Sell You should open a buy position when the close of the bar is higher the the moving average and at the same time the MACD histogram is above the 0 line. It should look like this: You should open a sell position when the close of the bar is lower the moving average and the MACD histogram is below the 0 line. Should look like this. This is it. If you follow these rules closely, you will be able to catch many trades from the various pairs from the forex world. When to close the trades There is no clear rules in the method on when to close the trades. You should use your own analysis and discretion to close and manage your trades. The holy grail is how you manage your risk and your reward. You can use a variety of tools to determine the stoploss level. This is a very simple method which you can handle easily and bring an addition to your toolbox. Have fun.
This trading method suits all pairs and timeframes. So, the pair and timeframe which you will choose should depend solely on your own personal favorites. We are also going to use 2 popular indicators, the moving average and the Macd. Everyone should know about these 2 indicators as they are the most common and widely used. The system itself is a multi-market trading tool, so you should be able to trade a wide array of market groups always applying the very same settings on all of them. The little research which you will have to do is to look for the most reliable timeframe to put this method to work. Setting the chart First and foremost, we need to setup our charts. Place the following on your chart: 1. Simple Moving Average (SMA) 13 on close - Red 2. MACD with setting 13,21,8 You can also use the template at the bottom of the post. When to Buy or Sell You should open a buy position when the close of the bar is higher the the moving average and at the same time the MACD histogram is above the 0 line. It should look like this: You should open a sell position when the close of the bar is lower the moving average and the MACD histogram is below the 0 line. Should look like this. This is it. If you follow these rules closely, you will be able to catch many trades from the various pairs from the forex world. When to close the trades There is no clear rules in the method on when to close the trades. You should use your own analysis and discretion to close and manage your trades. The holy grail is how you manage your risk and your reward. You can use a variety of tools to determine the stoploss level. This is a very simple method which you can handle easily and bring an addition to your toolbox. Have fun.
Simple and profitable. This is how systems ought to be.
I'll add another entry signal:
Enter long when price touches Moving Average that is rising, and MACD hist > 0.
Enter short when price touches Moving Average that is falling, and MACD hist < 0
That should be a powerful addition to this system.
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This trading method suits all pairs and timeframes. So, the pair and timeframe which you will choose should depend solely on your own personal favorites. We are also going to use 2 popular indicators, the moving average and the Macd. Everyone should know about these 2 indicators as they are the most common and widely used. The system itself is a multi-market trading tool, so you should be able to trade a wide array of market groups always applying the very same settings on all of them. The little research which you will have to do is to look for the most reliable timeframe to put this method to work.
Setting the chart
First and foremost, we need to setup our charts. Place the following on your chart:
1. Simple Moving Average (SMA) 13 on close - Red
2. MACD with setting 13,21,8
You can also use the template at the bottom of the post.
When to Buy or Sell
You should open a buy position when the close of the bar is higher the the moving average and at the same time the MACD histogram is above the 0 line. It should look like this:
You should open a sell position when the close of the bar is lower the moving average and the MACD histogram is below the 0 line. Should look like this.
This is it. If you follow these rules closely, you will be able to catch many trades from the various pairs from the forex world.
When to close the trades
There is no clear rules in the method on when to close the trades. You should use your own analysis and discretion to close and manage your trades. The holy grail is how you manage your risk and your reward. You can use a variety of tools to determine the stoploss level.
This is a very simple method which you can handle easily and bring an addition to your toolbox. Have fun.