Simple 5m GBPUSD trade system
Hello fellow traders!
I would like to propose a simple strategy based on the MACD and EMA cross indicators.
For trading, I use GBPUSD on the 5 million time frame.
In this way we need to install the MACD histogram (21,34,1) and the EMA cross chart (21,34). The template is attached to this article.
entry:
Enter the market when the MACD crosses the zero line or the EMA crossover image pointer applies.
Stop loss and take profit:
Stop loss: 15 points Take profit: 30 points
Trading hours:
I recommend trading during active market times (Frankfurt open, London open, New York open).
I recommend using standard tools (TL, MACD Divergence) to identify better entry points.
I would like to propose a simple strategy based on the MACD and EMA cross indicators.
For trading, I use GBPUSD on the 5 million time frame.
In this way we need to install the MACD histogram (21,34,1) and the EMA cross chart (21,34). The template is attached to this article.
entry:
Enter the market when the MACD crosses the zero line or the EMA crossover image pointer applies.
Stop loss and take profit:
Stop loss: 15 points Take profit: 30 points
Trading hours:
I recommend trading during active market times (Frankfurt open, London open, New York open).
I recommend using standard tools (TL, MACD Divergence) to identify better entry points.
Attachment to original post (2)
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