Forex trading strategy #39 (Black MACD)
Submitted by User on August 18, 2010 - 06:53.
Submitted by Lukas
Hello, I have a nice strategy. It is called "Black MACD". Here it is.
Time frame - any
Indicators - EMA (3,18), MACD (12,26,9), RSI (14)
Rules of the game - Set color of MACD line to black, and the signal line color to white (or other color, same as your background). Signal for short position we get when MACD line is under 0 level, EMA 3 cross with EMA 18, and RSI is under 50 level. Gains we realized when one of indicators give a opposite signal
SL - near local maximum/minimum
Best regards, Lukas