Traditional MACD filtered with RSI

Traditional MACD with RSI is a simpe and effective trend momentum trading System. This system is based on The MACD oscillator is have created by Gerald Appel . The MACD line is the difference between a "fast" EMA and a "slow" EMA. The Signal line is an EMA of the MACD line. In this strategy we have also the RSI for to filter the crossover signals of MACD.

Markets: Forex Majors and Index.

Time Frame 30 min, 15 min.

Indicators:

Traditional MACD: (34, 48, 30).

RSI (14, close) with level 55 and 45.

Trading rules Traditional MACD with RSI

Buy

When MACD crossing upward and RSI is > 55.

Sell

When MACD crossing Downward and RSI is < 45.

Exit with profit target od 20-25 pips depends by currency pairs.

Initial stop loss on the previous swing.

Vantages: This trading system is very simple and profitable ad you can use all platforms for trading.

Disavantages: In sidewais market It can generates false signals.

Traditional MACD filtered with RSI

Traditional MACD filtered with RSI