Day Trading with 18 Moving Average Smoothed and MACD

Day Trading with 18 Moving Average Smoothed and MACD is a simple and effective day trading strategy. These indicators help to find the direction of the market.

Time frame 5 min, 10 min, 15 min, 30 min.

Currency pairs:EUR/USD, USD/JPY, GBP/USD, GBP/JPY, USD/CHF.

Indicators setting:

Pivot point (draw pivots on the chart or use an precompiled indicator;

MACD (18, 36, 1);

Moving averages 18 smoothed;

Fractals for high/low.

Trading Rules Day Trading with 18 Moving Average Smoothed and MACD

Buy

Price action crosses above the 18 Moving Average smoothed

MACD above zero level.

Stop loss 15-25 pips.

Profit Target 20-50 pips or at the pivot points level.

Sell

Price action crosses above the 18 Moving Average smoothed

MACD above zero level.

Stop loss 15-25 pips.

Profit Target 20-50 pips or at the pivot points level.

Add a new rule

Buy with the previous rule but when the price break the last high.

Sell with the previous rule but when the price break the last low.

This last rule help to filter the best entries.

Below the link for download MT4 template of Day Trading with 18 M A Smoothed with MACD

https://drive.google.com/file/d/0Bwjv2Pbf48itVmdTTDFuaS1FYTg/view?usp=sharing