Two MACDs in M1 (Two MACDs in M1) | Forex indicator download - MT4/MT5 resources
Hello everyone!
This is a post for newbies who want to scalp in M1.
index:
- Two Macd_Colohist_Alert
89/144/5
144/377/7
- Two Emmas
233 and 144
set up:
Check out M5 to confirm the trend.
Buy when Ema 144 rises to 233. These Ema prices are up and Macd are all blue.
Sell when Ema 144 falls to 233. Prices are falling, both Emas and Macd are in red.
Take Profit: 10 pips. Stop Loss: The spread increases by 10 pips.
Right: Any low spread and good volatility.
Time: Due to my time zone, I work from 12:00 on my broker's time until I achieve my goal.
It is important to be within the main trend shown by M5 and M15.
The price should not deviate too far from the Emas, as a retracement is always possible.
It is best to open a position when the price starts moving away from Emas.
Pros: The indicator does not redraw and there are alerts. But you have to combine alerts.
The alarm came at the right time.
I'm pretty confident about the settings.
Cons: Waiting for the alarm to combine the other two alarms does take time.
It should be nice to have an EA that can provide suggestions when the settings are suitable.
More experienced traders may come across other setups, using Macd and Emas for more entries, or even catching retracements when price moves back to Emas and the MACD curve returns to zero from overbought or oversold conditions.
So any suggestions would be greatly appreciated.
Recommendation: This strategy seems simple, but it can be useful to see where the price is heading before taking this trade. Observing the main trend of M5 and the increase in the minimum and maximum, this can predict the price crossover from bottom to top and top to bottom after Emas.
Advice: If you receive good advice but the price is quite far away from Ema, you can place a pending order at a price level of 10 pips closer to Ema.
This is a post for newbies who want to scalp in M1.
index:
- Two Macd_Colohist_Alert
89/144/5
144/377/7
- Two Emmas
233 and 144
set up:
Check out M5 to confirm the trend.
Buy when Ema 144 rises to 233. These Ema prices are up and Macd are all blue.
Sell when Ema 144 falls to 233. Prices are falling, both Emas and Macd are in red.
Take Profit: 10 pips. Stop Loss: The spread increases by 10 pips.
Right: Any low spread and good volatility.
Time: Due to my time zone, I work from 12:00 on my broker's time until I achieve my goal.
It is important to be within the main trend shown by M5 and M15.
The price should not deviate too far from the Emas, as a retracement is always possible.
It is best to open a position when the price starts moving away from Emas.
Pros: The indicator does not redraw and there are alerts. But you have to combine alerts.
The alarm came at the right time.
I'm pretty confident about the settings.
Cons: Waiting for the alarm to combine the other two alarms does take time.
It should be nice to have an EA that can provide suggestions when the settings are suitable.
More experienced traders may come across other setups, using Macd and Emas for more entries, or even catching retracements when price moves back to Emas and the MACD curve returns to zero from overbought or oversold conditions.
So any suggestions would be greatly appreciated.
Recommendation: This strategy seems simple, but it can be useful to see where the price is heading before taking this trade. Observing the main trend of M5 and the increase in the minimum and maximum, this can predict the price crossover from bottom to top and top to bottom after Emas.
Advice: If you receive good advice but the price is quite far away from Ema, you can place a pending order at a price level of 10 pips closer to Ema.
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