MACD Scalping Trading System
Forex Indicators :
- SMA Simple Moving Average 60
- MACD Moving Average Convergence Divergence 30,60.30
- MACD Moving Average Convergence Divergence 12,26,5
Time Frame : 5 min
Pairs : Any
Trading system Rules :
- Trade from 7am - 1pm GMT
- Buy Position : 60 Moving Average in Up trend , MACD Moving Average Convergence Divergence 30,60,30 positive histogram, Look for a pull back on the MACD Moving Average Convergence Divergence 12, 26, 5, it must go negative on the histogram for at least one bar, on the first positive MACD histogram bar ( Wait for close of bar ) and then open buy position.
- Sell Position : 60 Moving Average in Up trend , MACD Moving Average Convergence Divergence 30,60,30 negative histogram, look for a pull back on the MACD Moving Average Convergence Divergence 12, 26, 5, it must go positive on the histogram for at least one bar, on the first negative MACD histogram bar ( Wait for close of bar ) and then open sell position.
Stop Loss : Stop loss below the lowest low of the last 3 bars MACD Moving Average Convergence Divergence.
Take Profit : Take profits at least 1x risk
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Forex is simple follow the trend and you will rich.
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