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Simple MA MACD trading

Simple MA MACD trading is a trend following strategy based on two indicators. Simple Moving average and MACD.
Time Frame 15 min or higher.
Currency pairs: majors.
Forex Indicators:
Simple moving average 13 period, close.
MACD oscillator (13, 21, 8).
Trading Rules
Buy
Price close candle is above the SMA (13) and MACD histogram is above of zero level.
Exit when close price is below MA and MACD Histogram below zero.
See the picture below.
Sell
Price close candle is below the SMA (13) and MACD histogram is belw of zero level.
Exit when close price is above MA and MACD Histogram above zero.
See the picture below.
Exit option
Initial stop loss on the previous swing High/low.
Profit Target ratio stop loss 1:1.2. If stop loss is 20 pips profit Target is 24 pips.
Simple MA MACD trading Reviewed by learn forex trading on June 10, 2017 Rating: 5

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