I have attached customized MACD indicator for strategy . This is not mine. I downloaded it from forexfactory and thanks for developer of this indicator.
Settings for 5 Min chart ( 1,13,1 )
==small typo in post #1 (5,13,1)
There has never been a statue erected in honor of a critic
MACD 2nd lower curve is small... it should be a little bit big .. You can still get few pips from this trade .. Please post the result of your trade here,
I have attached customized MACD indicator for strategy . This is not mine. I downloaded it from forexfactory and thanks for developer of this indicator. Settings for 5 Min chart ( 1,13,1 ) ==small typo in post #1 (5,13,1)
{quote} MACD 2nd lower curve is small... it should be a little bit big .. You can still get few pips from this trade .. Please post the result of your trade here,
Ignored
For you MACD is small here? I mean how big should it be than?
{quote} I don't understand how you could make 200 pips a day. There can't be more than a few setups in the whole day... Example: http://screencast.com/t/vdNBXl47X Look here, yesterday on gold 2 setups after asia, so 20 pips in London an US session, am I missing something? How to get 200 pips here?
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You can make using your money management and Exit Points . For example if your SL at 15 pips and TP is also on 15 pips. Once Price reaches on target then you should close half Lot and move your SL at BE . Now you are free of fear. You can see many times Gold moves upto 100 pips once it breaks the trendline . It depends on you how you manage it .
first, thanks for sharing this really easy and straight forward way of trading! This trade yesterday during NY open would have gained a really nice profit {image}
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You are welcome
I will add some more filters to avoid bad signals.
{quote}
6 . One medium or big candle should break the trendline. These are very small candles. You can get upto 5 pips or break even . Hope you understand some points ... Soon I will discuss more points .
Trendline and Divergence Both strategies are very simple and profitable. Please practice my both stratgies and then I will combine both strategies to create a very powerful complete system . I want people learn step by step especially beginners.
Please update me about your practice and ask me questions.
isn't this a vaible trade today? purple lines are sl and entrypoint, this would be a easy 1:1 trade right? please comment if i did something wrong {image}
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Yes It is correct but I am little confused about your MACD Settings . Please download my indicator or set MACD for correct Highs and Lows as per your Timeframe .
