1-2-3 pattern with MACD Oscillator

1-2-3 pattern with MACD oscillator is a trend following strategy for day trading.

This strategy is very simple and with good profit.

Time Frame 5 min, 15 min or 30 min.

Currency pairs: EUR/USD, GBP/USD, EUR/JPY, GBP/JPY, EUR/NZD, USD/CAD, USD/JPY also Indices as S&P 500, DAX.

Forex Indicators

1-2-3 pattern v.6: setting 1-2-3 pattern 5 min time frame (12, 0.4, 0.4), 15 min and 30 time frame setting ((9, 0.4, 0.4)

MACD oscillator (12, 26, 9).

Trading rules

Buy

Buy arrow of 1-2-3 pattern confirmed by MACD Histogram above zero line.

Sell

Sell arrow of 1-2-3 pattern confirmed by MACD Histogram below zero line.

Exit

5 min time frame profit 5-8 pips.

15 min time frame 9-20 pips.

30 min time frame 15, 30 pips.

Initial stop loss at the previous swing High/Low.

In the charts examples.

Below the link for download 1-2-3 pattern Metatrader 4 Indicator:

https://drive.google.com/file/d/0Bwjv2Pbf48itQXJGdGY2S1llX28/view?usp=sharing