FREE FOREX STRATEGIES

Forex trading strategy #7 (Simple MACD crossover)


Trading with MACD indicator is widely used by Forex traders.
Let's take a glance at the very basis of currencies trading with MACD indicator.

We will need only MACD indicator with standard settings: 12, 26, 9.
Any time frame as well as any currency pair can be used.


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HI EDWARD,

THANKS FOR ALL THE WONDERFUL STUFFS POSTED HERE.. GREAT STUFF REALLY!! I JUST NEED A DETAILED EXPLANATION ON THE Good_Macd.zip YOU POSTED HERE. I WAS ABLE TO LOAD TO MY CUSTOM INDICATOR LIST AND I HAVE ATTACHED A DOCUMENT SO THAT YOU CAN UNDERSTAND WHAT I NEED YOU TO EXPLAIN TO ME PLEASE.
PLS SEND A COPY OF YOUR REPLY TO babatunde_od(at)yahoo.co.uk PLS.

MANY THANX

BABATUNDE_OD

Hi,

I can't find the document. Please try uploading again.
Thank you.

Regards,
Edward

very simple to use. how would I set stops loss with this strategy?

thnaks for your help

When the stop loss for a strategy is not given, then we should use the most recent swing high/low to place a stop behind it.
Another method would be to place a stop with Parabolic SAS indicator, or with Heiken-ashi indicator, which you can read about here: Heiken-ashi indicator

Happy trading!
Edward

hi,i have been following your thread for a while,its the most informative i have seen,thanks for the good work. Do you think using EMA10,25.50 alongside MACD is a strong enough system to make profits ?thanks,i would really appreciate your comment.

Thank you,

MACD is already based on Moving averages, namely 12 EMA and 26 EMA.
So, it depends what MACD signals you're going to use.

E.g. when MACD histogram crosses Zero, it indicates that 12 EMA has crossed 26 EMA,
which would be identical to regular 10 & 25 Moving averages crossover - it would be a repetition of the same signal.

Hope this helps.
I'd suggest reviewing the topic about MACD indicator, because when you know the tool well, you can use it to the greatest advantage.

Best regards,
Edward

Hi everyone. pls could any one show me how to insert MACD indicator in live chart(ALPARI META4) to have 2 lines(i.e. the signal line & the other one) along the histogram. My own experience has always been one line along the histogram, illustrations in books, manuals always show 2 lines instead.

Many thanks in advance.

Nse.

Download the 2 line MACD: Good_Macd.mq4

then check out the installation steps: http://forex-strategies-revealed.com/mt4/how-to-add-and-use-mt4-custom-i...

Alex