Hi Gav, Please find template. You will need to install the macd on one of the earlier posts and also this indicator for it to work. Any problems let me know. Al

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Hi gav, I will post template tomorrow.

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Hi Pipping, The MACD has to be above signal for long and below for short. The histogram will be positive for long and negative for short. I do not take into account if MACD line is above/below the zero line. Hope that answered your question.

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1hr timeframe is to keep the amount of trades down and to keep the "noise" to a minimum. It also allows you to look over the last 4 days so you can get a visual of the overall trend and any s/r that may crop up.

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Just to add to the exit strategy. If you do not get taken out on the low of the indicating candle and MACD histogram makes another low simply move the take profit up to the low o fthe next candle and keeping doing so until it is hit. You may find ...

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Hi guys, This is an exit I have been using. The exit strategy relates to the histogram made by the macd and it's signal line. i.e. difference between the two. When there is a down movement (long) or an up movement (short) in the histogram place your ...

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Billbss, I have used a couple of (what seem to be good) exit strategies using DMI and MACD in the past but do not have time to post them today. Maybe tomorrow. Al

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Hi Billbss, Glad you had some success. I have posted the usd/chf trade that you may have taken. It is worth noting that if you got in at the right time your position should have been up 33 pips (not inc spread). As this pair does not move as much as ...

Directional Movement

Hi guys, These are the cad/jpy trades for this week. 5 trades so far - 2 outright losers. However the other 3 have made some pretty good gains. It is also good to look at basic candlstick formations with this system. This is due to the DMI taking ...

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Hi Steve, You are correct the trade would have been valid two bars earlier. I trade from 7am GMT to around6pm GMT. If I had taken the trade before I would have to have been up at 4am. No thank you!!!! These trades could be covered with those people ...

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Thanks Herty - Well spotted.

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TX. This system also works effectively on other pairs. You just have to adjust your take profit and break even accordingly. Today it would have worked on a lot of others also. I am confident of its winning %.

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Hi guys, Screenshot of trade that I am in from this morning. Currently up 156 pips. I have moved my stop so I get at least a 75 pip profit.

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Hi Jazz, I will get a screenshot of the exits I use over later today. These are discretionary but I do use the indicators to provide a rough idea.

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I prefer to use this on hourly charts. This is due to wanting maybe 1 to 2 trades a day. This strategy also works on lower time frames with the same sort of % success rate but you iwll have to change your take profit/break even part of the strategy. ...

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Hi Pipping, I will get soem screenshots over shortly. DMI works as the indi that gets you in - rising adx shows the net directional movement in one way or the other. The MACD on the other hand shows the overall trend. In conjunction they compliment ...

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I have now exited the gbp/chf trade for a 40 pip profit. Onto tomorrow.

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GBP/CHF so far this week 3 trades. Open trade on close of candles marked with arrows.

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Rules: Sorry people I forgot an important item on entry. MACD is only used as a confirmation indicator. If the MACD is not correct at the time you get a signal of DMI/ADX you should leave the trade alone completely until the next set up on DMI. It ...

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I never cliamed to be the one who discovered it. So many others are crowding their screens with indicators which pretty much tell the same story. All you need are two.

Directional Movement