508# Hama and MACD with EMA
Hama forex system
Submit by Marco 25/10/2013
Time Frame 30 min or higher
Currency pairs:any.
Forex indicators
Hama (3,13, 3).
Rules for Hama and MACD with EMA
Buy
1. Wait for theHama indicatorindicator to turn Blue in color.
2. Check the MACD for confirmation:
Aggressive Entry: a. Wait for a MACD histogram bar to form above the MACD signal line. Conservative Entry: The MACD histogram must cross above (or be above) the “0” center line ( 0.00020 level).
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When you get confirmation from the two indicators above, place a Buy trade as soon as the signal candle closes (or at the open of the next candle).
Sell
1. Wait for the Hama indicatorindicator to turn Redin color.
2. Check the MACD for confirmation:
Aggressive Entry: a. Wait for a MACD histogram bar to form below the MACD signal line. Conservative Entry: The MACD histogram must cross below (or be below) the “0” center line (- 0.00020 level).
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When you get confirmation from the two indicators below, place a Sell trade as soon as the signal candle closes (or at the open of the next candle).
Set the Stop Loss a few pips below the most recent swing low or under the Forex Profit Boost indicator.
Conservative Entry
Set the Take Profit Level at the same distance as the Stop Loss (1:1 risk-ratio). For example, if the Stop Loss is set at 30 pips then the Take Profit should be set at 30 pips.
Aggressive Entry (Scalping Entry)
Set the Take Profit with fast profit Target:
EUR/USD 12 pips, AUD/USD 11 pips, GBP/USD 14 pips, USD/CHF 10 pips, EUR/CHF 8 pips.
The vantage of this Aggressive Entry (Scalping Entry ) is the higher profitability.
The disavantage is the ratio Loss/Profit less.
In the pictures below Hama and MACD with EMA in action.
Hama and MACD with EMA (Template and indicators)
Hama forex system.
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