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
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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.
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 got a ton of good 2 line MACDs for my trading here:
http://forex-indicators.net/macd
Highly recommend!
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