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
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 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)