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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


LWMA with MACD Intraday Trading Reviewed by learn forex trading on May 01, 2017 Rating: 5

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