MACD Histogram Intraday Trading

MACD Histogram intraday trading is a trend following strategy.
Currency pairs: EUR/USD, GBP/USD, USD/JPY.
Sessions: London and New York.
Time Frame H1
MACD Setup: 12,26,9.
In this strategy we analyze the correspondence between the candles and bars of the MACD.
When an candle close we see the colour of the candle, the open, the low, the high and the histogram bar of the MACD (12,26,9).
Buy
Candle closes as a blue candle and the MACD Histogram bar is above zero level or crosses upward go buy and place a buy order one pip above the high of this candle.

Sell
Candle closes as a red candle and the MACD Histogram bar is below zero level or cross downward, go short and place a sell order one pip below the low of this candle.

Exit position at close of the entry candle
This method of trading is also applicable to higher time frames as H4, H8, H12, and daily.
4h time frame setting:
Currency pairs majors;
MACD Setting for H4 time frame is (8,17, 5);
Optional profit target 15-20 pips.

Daily time frame setting:
Currency pairs majors;
MACD Setting for H4 time frame is (8,17, 5);
Optional profit target 30-40 pips;
Below exmple of how to use this trading system.

MACD Histogram Intraday Trading
MACD Histogram Intraday Trading

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