Saturday, June 2, 2012
Dear Traders. I found another very simple but very powerful system in my
Free Forex Systems library. It’s a free system and available for free on some
free Forex websites in different variations. I like it and I thought you may be
interested to try it.
Simple Strategy. Using Slow MACD Indicator & Fast Stochastic.
This strategy is very simple and successful but will not get you in at the
beginning of the move or exit at the end but will give a high success rate.
MACD: 21 55 8
Stochastic: 8 3 5
How it works:
When the MACD Line and Signal Line cross, wait for the Stochastic to cross in
the same direction!! (Don`t trade if Stochastic in overbought/oversold
zones)If you are an agressive trader you can enter when the MACD and
Stochastic cross at the same time, otherwise once the MACD has crossed, wait
for the Stochastic to cross before entering. (The MACD must cross first)
Exit the trade when the MACD lines cross back.
1 – MACD signal line cross 2 - Stoch crossed in the SAME direction 3 –
ENTRY POINT ( long in this case) 4 – Recommended Stop loss 3 pips below
the nearest (in this case) support level
Stop loss: Place a stop loss Recommended Stop loss 3 pips below for LONG
entries or 3 pips above for SHORT entries the nearest support (for LONG) or
resistance (for SHORT) levels
source fr Karl Dtm by : sbudij