Forex Macd Stochastic Method Scalping Strategy
Forex Macd Stochastic Method Scalping Strategy;
Pair: Eur/Usd
Time: 5min
Indicators
MACD: 12,26,1 ( 1 means nothing )
Stochastic: 5,3,3
EMA: 5 to the close
EMA: 5 to the open
*no trades during news times*
*Risk is set to 1%*
*Take profit is random based on market conditions but ill usually cash out based on reversal patterns or a cross of the two ema’s*
Trade signals are only confirmed on closed candles/bars.
Buy Signal
a) When the stochastic crosses up from the 20 line and is not ovebought ;
b) The MACD closses higher than the previous time interval;
c) The Signal candle/bar closes higher bullish;
d) The 5 ema to the close has crossed the 5 ema to the open;
Stop Loss is the low of the previous candle or 20 pips but 20 pip min.
Close when the 5 ema to the close has crossed the 5 ema to the open
Sell Signal
a) When the stochastic crosses down from the 80 line and is not oversold;
b) The MACD closses lower than the previous time interval;
c) The Signal candle/bar closes lower bearish;
d) The 5 ema to the close has crossed the 5 ema to the open;
Stop Loss is the high of the previous candle or 20 pips but 20 pip min.
Close is based on price action.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex Macd Stochastic Method Scalping Strategy?
- Download Forex Macd Stochastic Method Scalping Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex Macd Stochastic Method Scalping Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
