MACD and ADX Forex Trend Following Strategy

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MACD and ADX Trading System

This system works on a daily timeframe. The indicators are basic and it is the combination of 2 indicators.

Forex Indicators:

  • MACD (3,9,16)
  • ADX(16) with + DI and – DI lines

For buy entry:

  • MACD must show a buying signal.
  • +di should be above -di. if +di is below -di and MACD gives buy signal then ignore it at that time, wait for + di to go above – di to make a long entry.

For sell entry:

  • MACD must show a selling signal.
  • – di should be above +di .if -di is below +di and MACD gives sell signal then ignore it at that time, wait for -di to go above +di to make a short entry.

To exit position, you can trail stop because it can help you capture maximum profit.

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