87# Stochastic and Macd, Trading System
Trend Momentum Forex Strategy
Submit by Joy22 16/03/2009
Time Frame H1 or hgher,
Indicator 1 (line green and red );
The Stochastic touches or is in oversold area and cross upward;
MACD Histogram >red line;
These conditions are verified if the price is below of the red line of the indicator 1;
The Stochastic touches or is in overbought area and cross downward;
MACD Histogram <red line;
These conditions are verified if the price is above of the green line of the indicator 1.
Exit Position is discretionary.
H1 Profit Target 12-16 pips dedendes by Currency pairs;
H4 Profit Target 18-25 pips depends by Currency pairs;
Make the profit or when price touches the middle line or if is in buy when the price touches the red line, or if is in sell when the price touches the red line.
Happy Trading and Good Look!!!
In the pictures below Stochastic and Macd, Trading System in action.
Stochastic and MACD Trading System Indicator and Template
Stochastic Trading System
MACD Forex Strategies