245# 2MA Combo Trading System

 

Submit by Janus Trader (written by Steve Hopwood inspired by Boris Sholossemberg)

 

Time Frame 15 min or higher

Currency pairs: all

Chart setup:

Indicators

• Moving average set to period = 50.

• Moving average set to period = 100

• MACD – you need the 'MACD True from Swingman' indicator in your platform's

 

• Use the 2 sma macd template from the templates zip to do the setting up for you.

Here is the system:

Long trades:

1) Wait for the currency to trade above both the 50 SMA and 100 SMA.

2) Once the price has broken above the closest SMA by 10 pips or more, enter long if MACD

crosses to positive within the last five bars, otherwise wait for the next MACD signal.

3) Initial stop set at five-bar low from entry.

 


4)Exit half of the position at two times risk; move stop to breakeven.

5)Exit second half when price breaks below 50 SMA by 10 pips.

Do not take the trade if the price is simply trading between the 50 SMA and 100 SMA

Short trades:

1) Wait for the currency to trade below both the 50 SMA and 100 SMA.

2) Once the price has broken below the closest SMA by 10 pips or more, enter short if MACD

crosses to negative within the last five bars; otherwise, wait for next MACD signal.

3) Initial stop set at five-bar high from entry.

4) Exit half of the position at two times risk, move the stop to breakeven.

5) Exit remaining position when the price breaks back above the 50 SMA by 10 pips.

Do not take the trade if the price is simply trading between the 50 SMA and 100 SMA

 


In the picture 2MA Combo forex system in action.

MACD True SwingMan Trading System

MACD True from SwingMan
Forex Trading System
MACD True from SwingMan.rar
compressed file archive 1.2 KB
Templete
Trading System
2 sma macd.rar
compressed file archive 586 Bytes

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