5 minute MACD system (5 minute MACD system) | Forex indicator download- MT4/MT5 resources

1. I only trade from 7am to 1pm GMT, maximum 2 trades
2. The long-term MACD is used to give us trading direction, for example, when the histogram is positive, long trades are taken and when the histogram is negative, only short trades are taken.
3. Once we find that the trend of the long term MACD is looking for a retracement of the short term MACD, it must be negative on at least one bar on the bar chart, usually going bearish on a few bars, going long 2 lots on the first positive short term bar (waiting for the bar to close). The long-term MACD should still rise.
4. Stop loss below the lowest of the last 3 bars.
5. Once the first profit target is reached, move the stop loss to the break-even point.
6. Profit in second position with 2x risk

I have attached a picture as an example,
[IMG]File:///C:/Users/Simon/AppData/Local/Temp/moz-screenshot.jpg[/IMG]