Macd+ac+ao System (Macd+ac+ao System) | Foreign exchange indicator download- MT4/MT5 resources

Hello, I am posting this system here which is based on a system published by Tkimble called 12-100-9

First of all please excuse my English, it is not my native language.

I use three indicators; MACD, AC, AO

set up

1° Set MACD to 12, 100 and 9
2° place AC
3° Place AO

Entry rules

1° MACD indicator

· Find the intersection between MACD and signal

· If MACD > signal and previous bar signal < MACD, this is the first signal to buy

· If MACD <signal and previous bar signal> MACD this is the first signal to sell

2° Find AC and AO

· With the first signal we see AC and AO

. if AC & AO is green , then place the buy order

· if AC & AO is , then place the sell order


Take Profit and Stop Loss

· Use an initial 50 pip stop loss.
· Use a 20 pip trailing stop.
· When you have +20 pips, close 80% of the lot size and move stop loss to BE. Let the rest run. The other 20% will be closed at the stop loss.