Complex trading system #3 (MACD Divergence)
Submitted by Edward Revy on April 19, 2007 - 16:55.
Currency: EUR/USD (preferred) or any other.
Time frame: 30 min.
Indicators: MACD (5, 26, 1) – draw 0 line,
Full Stochastic (14, 3, 3)
EMA 3
SMA 13
Trading rules: watch for divergence between the price on the chart and MACD or between price on the chart and Stochastic.
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Dear all,
Has anyone been profiting consistently using this timeframe of M30?
Can pls share more of any progress using this strategy?
Very interested in this post :)
Brgds,
Kev
Hi all,
Have tried on EUR/YEN for past few days. The results are encouraging so far.
Thank you Edward!! Keep it up...
Kel =)
Hi Kel,
Are you strictly following Edward's rule or have you added in any modification to the rules?
Brgds,
Kev
Seems like no one else following this post?
Kev
this is what i'm talking about. i use CCI 20 divergences on any chart with a 10/20 EMA cross to filter out weak divegences. otherwise its the same. really powerful. i don't work any more. just trade a few hours a day an make great living.
What is the best time frame for divergence...is 30 min going to give too many bad signals or is it best to go to 1 hour +?
30 min would work fine, but if you have a choice, go with 1 hour +, and then after I get a signal there, I could seek a better entry opportunity with a smaller time frame, such as 30 min or so.
Regards,
Edward
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