MACD Trading with 15 & 200 LWMA

MACD and exoponential moving average crossover is one the best profitable method for trading

I apply this combination of indicators for day trading.

Time Frame 5 min or 15 min.

Currency pairs: EUR/US, GBP/USD, USD/JPY, AUD/USD, USD/CHF, NZD/USD, AUD/GPY, GBP/JPY, EUR/AUD.

Indicators.

MACD: fast ma 48, slow 72, signal line 9.

Linear weighted moving average 15 period (close).

Linear weighted moving average 200 period (close).

Rules MACD Trading with 15 & 200 LWMA

Buy

MACD going up or is above zero level.

Linear weighted moving average 15 crosses above 200 LWMA.

Set stop loss below 200 LWMA or below a imporant support line.

Set profit target with ratio 1:5 stop loss or 5 min 10 -20 pips, 15 min 25-40 pips.

Sell

MACD going down or is below zero level.

Linear weighted moving average 15 crosses below 200 LWMA.

Set stop loss above 200 LWMA or above a important resistance line.

Set profit target with ratio 1:5 stop loss or 5 min 10 -20 pips, 15 min 25-40 pips.

Below the link for MT4 Template: MACD Trading with 15 & 200 LWMA with grid buider MT4 indicator as Support and Resistance

https://drive.google.com/file/d/0Bwjv2Pbf48itVTVmaHRlM0xzTjQ/view?usp=sharing