Best MACD Setting and System for Short Term Trading

High accuracy MACD Setting and System for Short-Term Trading – Trading with MACD and RSI Indicator is perhaps one of the best ways to maximize on profitable moves in the Forex.

• Best Time Frame: H1 or higher
• Recommended Currency pairs: EURUSD, GBPUSD, and USDJPY

 

•  MACD with EMA (10, 20,6, 7)
• RSI (8)
• William’s Percent Range(8)
• EMA 50
• Gann HiLo Activator

 

• Price above the MA line and Gann HiLo Activator line
• 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 (8) line upward and above the level 60
• William’s Percent Range line upward and above  the level -40
• 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).

 

• Price below the MA line and Gann HiLo Activator line
• 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 (8) line down below the level 40
• William’s Percent Range line down below the level  -60 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).

• 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)