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Testing new MACD cross strategy. Caution: Newbie!

by Mark H, February 16, 2021

GBP/USD M5 Crossover of MACD and 3 MA's, with a modified fib Details below...

by Mark H February 16, 2021









Analysis Method:

Crossover of MACD and 3 MA’s, with a modified fib Details below…


I asked Saul about this during the Trading Room session on Feb 16, 2020….just before a possible signal. He suggested I take the trade and a screenshot of the results. Luckily, I didn’t get a signal there, but soon after got a signal, but I didn’t take the trade (duh), but I marked up my chart as it played out, as if I had. Lost an opportunity due to my own fears…oh well, there are many more trades ahead! Thank you Saul!

Trade Plan:

1: Look for MACD signal line crossing main line. If crossover appears below histogram, it’s a BUY signal. If it’s below histogram, it’s a SELL.
2: Look for crossover of 6MA and 14MA lines, If 6 crosses 14 below the 26MA line in a steep rise, that’s a BUY signal. If the 6 crosses the 14 in a steep decline and it’s above the 26 line, it’s a SELL signal.
3: Look for where the 26MA line is. If it’s above the 6 and 14 and rising, that confirms a BUY signal. Below the 6 and 14 and falling confirms a SELL..

Risk Management:

Stop loss is set at 10 pips or below the last bar low. Take 1/2 profit at 10 pips and let the other 1/2 run until there is an obviously good reason to close it due to price action.

Things To Watch For:

Fear of taking signals! Especially against a big trend. I am just looking for 10 pips though.


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The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research. Always do your own analysis and research and be aware of the risks involved in trading any financial product.


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