112# ADX indicator with slow MACD Trading System
Trading with ADX and MACD
Submit by Yves 17/10/2013
“The ’’ADX indicator with slow MACD Trading system, is mainly designed for day
trading the 1 Hour chart. But it could also be used for swing –
weekly – trading the 4 hour chart.
It works with all currency pairs and in all – normal – market
conditions. We all know that price moves in Trends or
Sideways.
We are going to trade in the direction of the trend and stay out
of the market when it’s moving in sideways.
To do that, we are going to use 2 indicators.
A – MACD indicator :
Fast EMA : 25
Slow EMA : 99
MACD SMA : 45
B – ADX indicator :
Period 18.
Levels : 20 – 25 – 40.
System Rules
Sell Signal :
A - On 4 Hour Chart AND 1 Hour Chart
1 - MACD bars below 0 line.
2 - Main ADX line above 25 line.
3 - Red ADX line is above Blue ADX line.
B – On 1 Hour Chart
Wait until the ADX blue line becomes above red line. Once that
happens you can close the sell trade.
Stoploss : Last Resistance level or 70 pips.
Target : Opposite Signal ( Buy signal )
You can use any other indicators for stoploss and targets if you
don’t like to wait for a trade too long until an ADX cross
happens.
Buy Signal:
A - On 4 Hour Chart AND 1 Hour Chart
1 - MACD bars above 0 line.
2 - Main ADX line above 25 line.
3 - Blue ADX line is above Red ADX line.
B – On 1 Hour Chart
Wait until the ADX red line becomes above blue line. Once that
happens you can close the buy trade.
Please note that to enter the trade, the two time frames – 1H
and 4H – must agree on one signal.
But to Exist the trade, all you need to see is an ADX cross on 1
Hour chart.
Example
GBP/USD
Signal : Buy 1.5267
Stoploss 1.5117
Exit 1.5840
Profit = 573 Pips
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