1-2-3 pattern with MACD Oscillator

1-2-3 pattern with MACD oscillator is a trend following strategy for day trading.
This strategy is very simple and with good profit.
Time Frame 5 min, 15 min or 30 min.
Currency pairs: EUR/USD, GBP/USD, EUR/JPY, GBP/JPY, EUR/NZD, USD/CAD, USD/JPY also Indices as S&P 500, DAX.
Forex Indicators
1-2-3 pattern v.6: setting 1-2-3 pattern 5 min time frame (12, 0.4, 0.4), 15 min and 30 time frame setting ((9, 0.4, 0.4)
MACD oscillator (12, 26, 9).
Trading rules
Buy
Buy arrow of 1-2-3 pattern confirmed by MACD Histogram above zero line.
Sell
Sell arrow of 1-2-3 pattern confirmed by MACD Histogram below zero line.
Exit
5 min time frame profit 5-8 pips.
15 min time frame 9-20 pips.
30 min time frame 15, 30 pips.
Initial stop loss at the previous swing High/Low.
In the charts examples.
1-2-3 pattern with MACD Oscillator

1-2-3 pattern with MACD Oscillator
Below the link for download 1-2-3 pattern Metatrader 4 Indicator:
https://drive.google.com/file/d/0Bwjv2Pbf48itQXJGdGY2S1llX28/view?usp=sharing

Related

Pattern Trading 9066012701192143121

Post a Comment

emo-but-icon

item