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

 

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

 

BUY Rules

  • 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
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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).


Recommended Article:  Forex GANN Trading Strategy for Maximum Profitability Based on Volatility and TRIX Moving Average

 

SELL Rules

  • 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).

Trading NOTES
  • 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)

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