Forex trading strategy #22 (Best of MACD Entries)

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 Edwin,

Here is the illustration:

Hope it helps.

Best regards,
Edward

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

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

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

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

I look at may charts with this strat and personally see a lot of fails.Good Luck if you use this.

this strat is basic, u need to work on it to help you, not to just follow as it is