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: [email protected], [email protected]
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
Edward Revy,
http://forex-strategies-revealed.com/
Copyright © Forex Strategies Revealed
I got a ton of good 2 line MACDs for my trading here:
http://forex-indicators.net/macd
Highly recommend!
On your MACD picture you have 2 lines, but i only have 1 on my default setting, how do i add the 2nd one? thanks
I have tested this on daily charts, 60m 30m and 10m charts for the ERX etf. This is a 3x leveraged ETF. The signal basically works 8/10, if you add on extra piece - slope of the MA's. As long as they are pointing upwards, even only slightly, the signal works. However when they are flat, or when 100 is pointing upward and the 50 is not, avoid the signal, or look at other price action signals for confirmation or not.
aij.
this strat is basic, u need to work on it to help you, not to just follow as it is
I look at may charts with this strat and personally see a lot of fails.Good Luck if you use this.
Hi,
I don't have the required skills either.
There are free basic EA builders though to help you get started:
http://forums.forex-strategies-revealed.com/how-start-writing-trading-sy...
Kind regards,
Edward
Hi Edward,
I have a trading strategy which I want should be converted into automated system but I have no knowledge and skill in this field.If I give you the strategy will you help me to write the pragramme for MT4 platform. I will be very gratefull to you.
Regards R.S.Solanki.
E-mail solanki643(at)gmail.com
Just my opinion.
I wouldn't use it on 1M chart without tweaking the rules.
The default MACD on 1M wouldn't stand a good chance. Moving averages in general aren't performing well on 1M due to a huge lag, and MACD consists of the moving averages.
Martin
has anyone found out the win rate? i'm backtesting it over the past week and i've experienced few losses. have you experienced a string of losses using this?
i'm trying to use this as a scalping strategy. maybe that's why i've experienced few losses. my limit is small
also what about a 1-minute chart? has anyone tried that?
thanks
Hi Edwin,
Here is the illustration:
Hope it helps.
Best regards,
Edward
Dear Edward
in your comment, you say :
'MACD is overbought and you have a valid Sell signal when both statements are true:
- MACD lines cross above zero level.
- both MACD lines are above the MCAD histogram'
What you mean by both MACD lines are above the MACD histogram??? can you show it using a graph?
Thanks
Edwin
Hi Ubong,
Check out this video tutorial.
http://www.alpari.co.uk/en/alpari_academy/video_tutorials/indicators.htm...
Let me know should the problem remain.
Best regards,
Edward
Hello Edward,
I always appreciate your effort and contribution in helping the newbies to trade this market successfully, you are a great mentor giving us so many thing people expoit us for.
Please, give me the steps how to put the MACD-Traditional you attched here into my Alpari Plattform. I made so many attempt through the MetaEditor, it keeps taking me to the programe without further clue.
I will appreciate your kind help.
Regards
Ubong.
James,
Ba-oni, Your strategy is quite interesting and I really want to practise it. But my greatest challenge is how to insert the MACD Traditional in my platform. I also use Fx-Pro and Alpari.
Regards
Ubong.
The setup works well on daily charts.
Smaller TF would might work better with 200 SMA or EMA instead of 100.
Regards,
Edward
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