Forex trading strategy #7 (Simple MACD crossover)

Here are several MACD indicators with alerts

scroll down to the bottom of the page for the download list.

Hi , I am new here . Can somebody please add an alert to this indicator when the MACD histogram change its color( or possibly changing the trend direction ) . It will be very great help .

anyone still profitable with this set up? thinking about trying it out.. honest answers only please..

any modification on macd parameter as at now

sir how can i drag the moving onto the top of the macd.eric

how do i make d ema 9 appear on my chart

The writer of this doesn't even understand the MACD. He says to watch when the lines cross. But the MACD itself is the difference of those 2. So a crossover shows that the MACD moves from positive to negative or the opposite. You just have to watch that.

Hello Edward.

My name is Panos.
"I am still very new to the forex trading and i am still using a demo account.
In any case, i tried to test the MACD method.
In some occasions i win 1-2 pips, but i noticed something.
Today i bought USD when the MACD's lines crossed downwards,and lines were below zero point, and i was expecting market to drop even further.
by the way, i bought at 1,2777. eventually market climbed to 1,2786...
still i cannot understand what was the mistake.
could you help me?

Pleased to hear

Brgds

In our testing we have not seen good results with this type of strategy. MACD signal crosses can be effective in some situations. Such as when the MACD crosess the signal line and MACD is above 0. If your interested in the rest of our findings, check out MACD Strategies

Hi Edward,

My name is An-An. great website by the way.
I just curios about this MACD thread and some other thread about MACD in this web. Why no one suggest about MACD (5, 34, 5) setting? yes, it is profitunity MACD (Bill Williams). is there something wrong with this settings? I'm very new to the world of FOREX. so every little explanation would be a great help for me. thank you in advance.

regards,
An-an

Hi Edward,

Like everyone else id like to say thank you so much for all your advice! i also have only been trading 2-3 months and loving it! i had a practice account and did well but then did a live account and lost most of it as i thought i was good enough! haha silly me!
anyway i live in england/ australia ( i go back and forth) and was wondering if you could recommend any good courses? or seminars? books? etc.. pref audio/video format as im not a big book reader!

thank you once aain :)

can u suggest the 4 major pairs time frames and macd settings

Thank you, Ramon. Happy trading!

Hi Min.,

always start with defaults (9, 12, 26). These are settings used by the majority of traders - and that's why they are most preferred - so that you see & trade with the same signals as other traders.

However, if you'd like to customize MACD settings, you should understand that you will no longer follow the same signals as other traders. If you're fine with it & you have an idea of how to take advantage of it - then why not customize MACD. It may improve your performance, or may not (in this case simply go back to standard settings).

Best regards,
Edward

Hello Mr. Edward,
Good day! I am a newbie to forex trading and having been trying to get an MACD that shows two lines. Thank you for providing the Good_MACD.zip file you have posted in one of your comments, It really helps me further my studies in Forex Trading. I've only started trading about 3 months ago, and have been frustrated in understanding many of the tutorials concerning MACD. But thanks to you, my frustration is over.

Thanks a lot,
Ramon

Hi Edward,

Have question about the set up for MACD.. what should i put for first period, second period and signal period. some advice on (6,12,6) or the default (9,12,26) which i should put under which?

Regards,
Min.