Forex trading strategy #22 (Best of MACD Entries)
Submitted by User on June 4, 2009 - 04:00.
NAME: JAMES AYETEMIMOWA
SITE: www.bondfx.biz
EMAIL: contact@bondfx.biz, james.ayetemimowa@gmail.com
INDICATORS:
- 50 SMA (GREEN)
- 100 SMA (RED)
- MACD (DEFAULT SETTINGS) or MACD Traditional
TIME FRAME:
- 5MIN
SETUP:
- Plot the indicators as described above
- Your setup should look like this link: http://bondfx.biz/fx_strat.jpg
- The market is bearish if the Red sma is above the Green sma
- The market is bullish if the Green sms is above the Red sma
- If the Market is bearish as said above, trade sell when MACD is over bought and crossed
- If the Market is bullish as said above, trade buy when MACD is over sold and crossed
- At your entry point, the most recent swing high is good for stoploss (few pips away from it for a short-sell trade)
- At your entry point, the most recent swing low is good for stoploss (few pips away from it for a long trade trade)
- With Instant entry 20-30pips take-profit with 1 or 2 trades perday will help you.
- Dont joke with money management contact www.bondfx.biz for details
- For free signals on this strategies and more filters on daily basis contact www.bondfx.biz
- Make pips, keep the money!!!
Thanks.
JAMES AYETEMIMOWA
Excellent strategy James, appears to be very well thought up. Looking forward to applying this strategy along with others. Thank you for sharing.
Kenneth
HI James,
Just need some help.... what are the MACD default settings please? 12, 26, 9?
Rgds.... Bharat
Hey Barat,
The default settings u said are correct.
NOTE: Money management is important.
James
Hi James,
Sounds quite interesting and looks like a good strategy.
Any idea how this strategy will behave during the Sideways (Undecided) Market when 50 and 100 SMA are just flat and fail to cross each other even after several attempts ...
Thanks for sharing a good strategy.
Nariman
James. How do you define MACD oversold or overbought?
Thanks
Paul
MACD is overS when u have a cross below waterline and not only that the crossup occurs when the 2 lines are below the histogram you can feel that on the smas if u know how to check them
Nariman, watch out for divergencies before you take your trades and the issure of money management will help you out. You can also change the TF of the MACD to 60min and ensure you take trades in the direction of that and the smas only.
James
guys take care this fellow is a well known scammer he tried to start a signal service and advertised here a while back but everyone saw though him and that completely failed. Whatever you do trust him with your money.
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