19# MACD with ADX Trading System
Trading MACD
Time frame - Daily.
Indicators - Macd (3,9,16)
ADX(16) with + DI and - DI lines
Buy setup - macd should give buy signal.
+di should be above -di. if +di is below -di and macd gives buy signal then ignore it at that time and wait for + di to go above - di to make a long entry.
Sell setup - macd should give sell signal.
- di should be above +di .if -di is below +di and macd gives sell signal then ignore it at that time and wait for -di to go above +di to make a short entry.
Exit - use trailing stops to exit because it will allow you to capture maximum profit.
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Trend following Forex Strategies
Forextradingstrategiesresources (Friday, 18 October 2013 15:46)
daily time frame 40-70 pips, depends by currency pair.
Thanks
admin
azhar (Thursday, 17 October 2013 08:59)
can u give suggest what number for trailing stops.... 60???