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1Hr Forex Trading Strategy With MACD, 1hr forex trading system.

1hr forex trading system
Title: 1Hr Forex Trading Strategy With MACD, 1hr forex trading system.
Keywords: 1hr forex trading system
Description: Learn to trade the 1Hr Forex Trading Strategy With MACD here.
1Hr Forex Trading Strategy With MACD.
This 1 Hr Forex Trading Strategy With MACD is a trend trading system and as the name says, the timeframe you can use to trade this system in the 1hr.
This forex strategy may take a while to understand but have a close look at the charts below and you will understand that it is simple.
What currency pairs are suitable for the 1hr forex trading strategy with Macd.
Preferably the majors but you can also use this on others.
Forex Indicators You Need For The 1hr Forex Trading Strategy With MACD.
You need the following indicators for this forex strategy .
50 exponential moving average which you must apply to HIGH 50 exponential moving average applied to LOW 15 exponential moving average applied to CLOSE custom indicator Macd-with-EMA, click to download settings 35, 70, 1, 12 , see below .
Selling Rules.
MACD histogram must be in right color, red for downtrend or whatever color you chose on the custom MACD indicator MACD Moving Average must be within the colored area of the MACD histogram When price goes up and hits the 15ema and bounces back down or goes up through the 15ema and reverses back it is a sell trade signal as long as the following conditions are met the low of the candlestick is not more than 50 pips away from the 15 EMA and 15 EMA must not be within the 50 EMA channels.
The trade setup candlestick is the candle that touches the 15 ema OR passes through it but makes a lower low, which means, it breaks the low of the previous candlestick.
On this candlestick, you set a sell stop order 2-5 pips allow for spread below its low to catch the downward breakout of price move.
Place you stop loss at 100 pips.
Take profit target at 100 pips.
Move trailing stop to break even at 50 pips.
This chart explains what it means to have the MA of MACD within the histogram read lines etc , this is for a sell setup .
Here s an example of a sell trading setup .
Buying Rules.
For buying, you do the exact opposite of what you do in sell setup, but here are the trading rules .
MACD histogram must be in right color,green for uptrend MACD Moving Average must be within the colored green area of the MACD histogram When price goes down and hits the 15ema and bounces back up or goes down through the 15ema and reverses back it is a buy trade signal as long as the following conditions are met the high of the candlestick not more than 50 pips away from the 15 EMA and 15 EMA must not be within the 50 EMA channels.
The trade setup candlestick is the candle that touches the 15 ema OR passes through it but makes a higher high, which means, it breaks the high of the previous candlestick.
On this candlestick, you set a buy stop order 2-5 pips allow for spread above its high to catch the upward breakout if it happens.
Place you stop loss at 100 pips.
Take profit target at 100 pips.
Move trailing stop to break even at 50 pips.
Disadvantages of the 1hr Forex Trading Strategy With MACD.
MACD and Moving Average are all lagging indicators, so there always the late entry factor right there.
the system will not perform well in a ranging market.
Advantages of the 1hr Forex Trading Strategy With MACD.
in a strong trending market, expect to makes some good profitable pips with this trading system.
using price action for taking buy or sell trades enhances your entry.
For example, look for bullish reversal candlesticks when price starts to hit the 15 ema line in an uptrend and look for bearish reversal candlesticks when price starts to hit the 15 ema line in a downtrend.
Please don t forget to like, tweet and share this 1hr forex trading strategy with MACD.
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