Who’s online There are currently 9 users online. Submitted by Edward Revy on February 28, other macd settings for forex – 14:40.
Trading with MACD indicator is widely used by Forex traders. Let’s take a glance at the very basis of currencies trading with MACD indicator. We will need only MACD indicator with standard settings: 12, 26, 9. Any time frame as well as any currency pair can be used.
Exit rules: when MACD lines next crossover occurs. Advantages: very simple approach and can give good profitable entries. Traders may want to change MACD default settings depending on the currency and chosen time frame. Disadvantages: you will need to sit and monitor it again and again. MACD has little use in sideways trading market. It is also never used alone, but rather in combination with other indicators. Submitted by User on June 1, 2007 – 15:33.
2 lines to cross with a macd? 4 macd has 3 variables, for example, 12, 26, 9. 12 and 26 as it is the difference between the 12 and 26 moving averages. 9, is the 9-period moving average of the histogram. Submitted by Edward Revy on June 2, 2007 – 03:19. Same 9 EMA is used to draw a histogram.
In case you would like to have this second line – just set 9 EMA on the top of your MACD. You’ll get the same picture of two lines. Submitted by User on June 4, 2007 – 13:41. Most, maybe all, of your strategies are for longer time frames – which is great in that it allows one to set and forget and have a life. But here is a simple GBP, 5-minute chart, strategy to check out.