Forex Slow MACD Swing Trading Strategy
Forex Slow MACD Swing Trading Strategy;
Slow MACD trading system is an trend following strategy.
1) The basic rule is that all i n d i c a t o r s must point in the same direction (same colour red dor sell and blue for buy.
The trading time (european-usa session) time frame
note:
you can also trade the asia session, but count that this session is slow
and good moves happends not so often.
2) check maintrend from the 4 hour chart. trade with the maintrend.
3) check the economic calender. dont enter a trade before major news
comes out. (gdp, nfp etc.)
4) dont trade holiday sessions.
basicrules for placing the protective stoploss:
1) place the stoploss near the last importend
support/resistance level. (25—70 pips)
2) always place the stop with the initial
order.
3) dont use mental stops
4) never use a stop greater then 100 pips
note: if you feel not comfortable with
support and resitance levels, you can use
alternative fibs, pivots as potential
stoploss levels.
Slow MACD trading system exit
Basic rules for exit:
1 ) exit takeprofit: 20 -50 pips
2 ) exit the trade when the signal change
3 ) exit the trade when strong news comes out and you have not one idea
what will be the direction after the release
5) exit trade on the pivots levels.
recommandation: trade the strategy 1-4 weeks on demo before you
start to trade live with the strategy.
Slow MACD trading system how to filter
filter out tight ranges when the market is
in a tight range ignore upcoming entry signals as long the price is in
the range. enter the trade in the direction from the signal after a clear break of the
range.
choose the best stop loss level look to support/resistance, fibs and pivots. choose the strongest resistance or supportlevel for the stoploss. use trend corrections
the basic rule says. trade with the trend. however, advanced traders
can use countertrends and corrections to make some extraprofits.
for this you have to determine the trend and look for possible turing
points in the trend. (trendlines, fibs, pivots)
enter the trade when a possible turning point is coming up and you have
a signal from the strategy. use a target from 20-50 pips.
general:
write a trade diary and analyse your trades.
dont sit the whole day in front of your screens—it is more then enough
when you check your charts every few hours.
trade at fixed times. share your riks trading multiple pairs.
when the market is in a tight range
ignore upcoming entry signals as long the price is in the range.
enter the trade in the direction from the signal after a clear break of the range.
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 Slow MACD Swing Trading Strategy?
- Download Forex Slow MACD Swing Trading 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 Slow MACD Swing Trading 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”.
