551# Slow MACD Trading System

MACD Strategy

 

Submit by Timmy 13/03/2014

 

Slow MACD trading system is an trend following strategy.

1) The basic rule is that all i n d i c a t o r s must point in the same direction (same colour red dor sell and blue for buy.

The trading time (european-usa session) time frame

note:

 

you can also trade the asia session, but count that this session is slow

and good moves happends not so often.

2) check maintrend from the 4 hour chart. trade with the maintrend.

3) check the economic calender. dont enter a trade before major news

comes out. (gdp, nfp etc.)

4) dont trade holiday sessions.

basicrules for placing the protective stoploss:

1) place the stoploss near the last importend

support/resistance level. (25—70 pips)

2) always place the stop with the initial

order.

3) dont use mental stops

4) never use a stop greater then 100 pips

note: if you feel not comfortable with

support and resitance levels, you can use

alternative fibs, pivots as potential

stoploss levels.

 

Slow MACD trading system exit

Basic rules for exit:

1 ) exit takeprofit: 20 -50 pips

2 ) exit the trade when the signal change

3 ) exit the trade when strong news comes out and you have not one idea

what will be the direction after the release

5) exit trade on the pivots levels.

recommandation: trade the strategy 1-4 weeks on demo before you

start to trade live with the strategy.

 

Slow MACD trading system how to filter

filter out tight ranges when the market is

in a tight range ignore upcoming entry signals as long the price is in

the range. enter the trade in the direction from the signal after a clear break of the

range.

choose the best stop loss level look to support/resistance, fibs and pivots. choose the strongest resistance or supportlevel for the stoploss. use trend corrections

the basic rule says. trade with the trend. however, advanced traders

can use countertrends and corrections to make some extraprofits.

for this you have to determine the trend and look for possible turing

points in the trend. (trendlines, fibs, pivots)

enter the trade when a possible turning point is coming up and you have

a signal from the strategy. use a target from 20-50 pips.

general:

write a trade diary and analyse your trades.

dont sit the whole day in front of your screens—it is more then enough

when you check your charts every few hours.

trade at fixed times. share your riks trading multiple pairs.

when the market is in a tight range

ignore upcoming entry signals as long the price is in the range.

enter the trade in the direction from the signal after a clear break of the range.

Slow MACD Trading System
Slow MACD Trading System :indicators and template
Slow MACD Trading System.rar
compressed file archive 81.2 KB
Slow MACD Trading System
Slow MACD Trading System

Write a comment

Comments: 2
  • #1

    hans (Tuesday, 18 March 2014 20:23)

    Good strategy., but what is main TimeFrame ?
    Thank's.

  • #2

    frank (Monday, 24 March 2014 11:16)

    Hi Timmy, excellent system , thank's !
    Can you explain how work the "MA of signal per " of QQF-MACD indicator ? And also , how work the lawnGreen MA of ProFx05 indicator ? What signals ( buy or sell ) they provide ?
    Thank you very much.