LWMA with MACD Intraday Trading

LWMA with MACD Intraday Trading is an excellent trading scalping strategy that makes at least 30 -50 pips per day.However, there are the difference between currency pairs t and doesn’t work equally well for all currency pairs.
Trading session: London and New York.
Currency Pairs: EUR/USD, USD/JPY, GBP/USD, AUDJPY, NZDUSD, EUR/GBP, USD/CAD, USD/CHF, EUR/CHF.
Time Frame 30 min, 60 min.

Indicators
85 linear weighted moving average (LWMA) applied low.
75 linear weighted moving average (LWMA) applied low.
Exponential moving average 5 period applied close.
MACD oscillator 15, 26,2.

Trading rules LWMA with MACD Intraday Trading
Buy
5 Ema crossed upward the other two moving averages.
MACD close above zero line.

Sell
5 Ema crossed downward the other two moving averages.
MACD close below zero line.

Profit target for currency pairs and time frame 30 min and 60 min:
AUDJPY - M30 - 15 pips, AUDJPY - H1 - 25 pips
NZDUSD - 1H - 25 pips
USDCAD - H1 - 20 pips
EURGBP - H1 - 10 pips
USDJPY - M30 - 15 pips, USDJPY - H1 - 25 pips
GBPUSD - М30 - 20 pips, GBPUSD - H1 - 30 pips
USDCHF - M30 - 10 pips, USDCHF - H1- 18 pips
EURCHF - H1 - 15 pips
AUDUSD - M30 - 10 pips, AUDUSD – H1- 15 pips
EURJPY - M30 - 15 pips, EURJPY – H1 - 25 pips
CHFJPY - 1H - 15 pips
CADJPY - M30 - 20 pips, CADJPY - H1 – 25 pips
EURUSD - M30 - 15 pips, EURUSD - H1 - 25 pips.

Place initial stop loss 10 pips below/above the 85 LWMA. This system in sideways market can generates false signals. I recommend choosing trending currencies.
Decreasing the profit target of 5 pips this strategy has an higher profitability.
LWMA with MACD Intraday Trading
LWMA with MACD Intraday Trading


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