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Infoboard Indicator for MT4 December 17, Forex Trading Strategies Explained. Recommended Top Forex Brokers. Is FBS a Safe January 7, Tickmill Broker Review — Must Read! Is Tickmill a Safe April 8, Is FXOpen a Safe November 9, Is XM a Safe Recent Posts. Coral MT5 Indicator April 3, Open positions can also be closed when the reverse signal appears i.
Finally, at 21h20, the time filter will close any open position at the market price. This example shows a day with two buy signals.
Below the main chart are the three MACDs. The green background in the chart indicates that both the 1-hour and 4-hour MACDs are bullish.
Only buy signals will be accepted. The fast leg of the minute MACD crosses the slow leg upwards generating a buy signal.
The stop red line and profit target green line appear automatically when the position is opened. In both cases the open position is closed with a profit when the minute MACD crosses back in the opposite direction.
This example shows a short sell signal. The red background in the chart indicates that both the 1-hour and 4-hour MACDs are bearish. Only short sell signals will be accepted.
The fast leg of the minute MACD crosses the slow leg downwards generating a short sell signal. The market price nearly reaches the profit target around 14h The open position is closed a bit later when the minute MACD crosses back in the opposite direction. This example shows a day with two short sell signals. In both cases the open position is closed when the minute MACD crosses back in the opposite direction.
These screenshots show back-tests over a 7-year horizon for a number of market indices and commodities. The strategy can be applied to all instruments so you can back-test and optimize whatever you are interested in. Combining multiple time frames usually seems to yield good results in trading. Traders should look into such strategies.
The strategy is a day trading strategy but days without signals are not uncommon. Free trading newsletter Register. When to open a position? When to close a position?