Strategy is using MACD forex indicator with calculation different periods, to find a matching trend in multiple timeframes (calculation periods). Matching trend signalize likely price development continuation and therefore offers great entry opportunity with tight stop loss and wide margin for take profit.
Used forex indicators
MACD (moving average convergence divergence) 120,260,9 (blue)
MACD (moving average convergence divergence) 26,52,9 (red)
MACD (moving average convergence divergence) 6,13,9 (green)
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Fractals forex indicator default settings
Forex strategy rules
We trade on 1 H timeframe.
BUY:
Blue MACD: histogram closing above zero
Red MACD : histogram closing above zero
Green MACD: After a series of negative histogram bars, first positive bar closes (above zero).
We enter the trade long at market candle close.
Stop loss is placed below last closed bullish fractal.
Take profit: Green MACD histogram close below zero.
SELL:
Blue MACD: histogram closing below zero
Red MACD : histogram closing below zero
Green MACD: After a series of positive histogram bars, first negative bar closes (below zero).
We enter the trade short at market on candle close.
Stop loss is placed above last closed bearish fractal.
Take profit: Green MACD histogram close above zero.
