The Ultimate Aggressive Forex Trading Strategy that actually works – ForexWOT Aggressive Trading System and Strategy With MACD and RSI Indicator. Trading with MACD and RSI Indicator is perhaps one of the best ways to maximize on profitable moves in the Forex.
The Moving Average Convergence/Divergence indicator, often called just ‘MACD,’ is usually one of the first learned by new traders, and in many cases – this is one of the first oscillators that traders will apply to their chart.
As we saw above, MACD can be helpful for noticing potential trend changes at the very early stages of a currency pair’s move.
However, if we wait for a ‘0 line crossover (MACD to cross the ‘0’ line), we are essentially trading a Moving Average Crossover – which is inherently lagging the market and may not be the optimal point of entry.
But MACD and RSI Indicator is the best combination to maximize your profits.
Forex AGRESIVE MACD and RSI Trading System
- Best Time Frame : 30 min or higher
- Recommended Currency pairs :EURUSD, GBPUSD, and USDJPY
MetaTrader indicators
- MACD with EMA (10, 20,6, 7)
- RSI (14)
- William’s Percent Range(14)
- Hama (3,13, 3).
- JMA Slope
- EMA 20
- Tenkan-sen Kijun-en Ichimoku
BUY Rules
- Price above EMA and Tenkan-Sen Kinjun-Sen
- Check the MACD for confirmation
- Aggressive Entry: Wait for the MACD histogram bar to form above the MACD signal line.
- Conservative Entry: The MACD histogram must cross above (or be above) the “0” center line ( 0.00020 level).
- RSI (14) line upward above 50 level
- William’s Percent Range line upward above -50 level
- Signal Trend green bars
When you get confirmation from the indicators above, place a Buy trade as soon as the signal candle closes (or at the open of the next candle).
SELL Rules
- Price belowo EMA and Tenkan-sen Kinjun-Sen
- Check the MACD for confirmation
- Aggressive Entry: Wait for the MACD histogram bar to form below the MACD signal line.
- Conservative Entry: The MACD histogram must cross below (or be below) the “0” center line ( 0.00020 level).
- RSI (14) line downward below 50 level
- William’s Percent Range line downward below -50 level
- Signal Trend red bars
When you get confirmation from the indicators above, place a Sell trade as soon as the signal candle closes (or at the open of the next candle).
EXIT Rules
- Set the Stop Loss a few pips below the most recent swing low (for BUY)
- Set the Stop Loss a few pips above the most recent swing high (for SELL)
- Set the Take Profit Level at the same distance as the Stop Loss (1:2 or 1:3 risk-ratio)
I have loaded this system to two of my MT4 accounts and it has bogged down the system. Is there something wrong with the coding?
Hi Ivan Plyler, i have loaded the system and no problemo… 🙂
Thanks forexwot! another great trading system..