This forex strategy uses MACD forex indicator with slow calculation period to reliably identify current trend. MACD with fast period is used to enter a scalping position in 5 min chart of our chosen currency pair. Entry is based on indicator is accurate and follows the direction of main trend most of the times. Strategy is even able to survive ranging market conditions as it enter the trade at the top/bottom of the price swing after the movement exhaustion.

Indicators used in forex strategy
MACD (moving average convergence divergence) 36,75,30 (green). Slow period MACD is used to identify trend and provide stop loss.
MACD (moving average convergence divergence) 12,26,9 (red). Default period MACD is used to time our entry.
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Forex strategy rules
We plot both of the MACD indicators in 5 min chart of our choosing (preferably majors). It is recommended to create separate windows for both indicators.
Forex strategy rules
BUY
MACD green histogram is closing above zero, in positive values.
After at least one positive red MACD bars, first negative appears and closes below zero. This will be our entry signal. We enter the position on candle close, placing stop loss couple of pips above signal formation.

Take profit:
To establish our profit targets we need to distinguish between first order in the row and all the following orders.
First order in the row: First buy order since the green MACD closed above zero.
Stop loss:
Green MACD histogram closes below red dotted line.
All the following orders: After the first order, before green MACD reverses into the sell position.
Stop loss: Red MACD histogram closes below red dotted line.
SELL
MACD green histogram is closing below zero, in negative values.
After at least one negative red MACD bar, first positive bar appears and closes above zero. This will be our entry signal. We enter the position on candle close, placing stop loss couple of pips below signal formation.

Take profit:
To establish our profit targets we need to distinguish between first order in the row and all the following orders.
First order in the row: First sell order since the green MACD closed below zero.
Stop loss: Green MACD histogram closes above red dotted line.
All the following orders: After the first order, before green MACD reverses into the uptrend (positive values).
Stop loss: Red MACD histogram closes above red dotted line.
Notes: Goal of the strategy is to capture full movement with first position and profit on corrections while it gets fulfilled.