50 +/- MACD 4 hours (50 +/- MACD 4hour) - MT4/MT5 Resources

My trading plan 50+/-

This is where I create my trading plan.

about

Hi everyone, my name is Dean and I have been studying currency markets for 4 years when I was an IT student.
I have now completed my degree and am looking for an IT job.
I plan to trade part time outside of work and have developed a strategy where I will look for entry opportunities at 0800, 1200, 1600 and 2000 points.

Since I plan to cover my living expenses through my day job while making profits from my trading activities for at least a year, I need to make quick decisions based on predetermined rules and trade based on those rules. Any position I enter should not be changed in any way other than being stopped by hitting the stop loss level.

My transaction will be completed between 8am and 8pm GMT (British Standard Time)

I will initially only trade GBP/USD until I am successful and confident in trading other pairs.

I will be trading GBP as it is highly volatile and my backtesting shows that my strategy has been profitable in the past.

Chart settings

I will get the four hour chart of GBP/USD

1. Smoothed Moving Average Convergence and Divergence (5,13,1)

Entries

Check the chart for 5 -10 minutes before 0800, 1200, 1600 and 2000 points and prepare to open a position.

Entry 0
The basic entry for this system is when the difference between the first 3 MACD signals is +50 (long) or -50 (short)

Interpretation of the first 3 Macd signals.
Example: The time is 08:00 and a new MACD signal has been formed. Now get the MACD number from 20:00 and go long/short at 08:00 if there is a +/-50 difference from the 04:00 signal.

exit strategy

Position 1 Set TP to 30 Set sl to 30
Position 2 sets TP to 45 sl and 30 (move stop loss to +30 to break even)