MACD Forex Trend Following Strategy
This system is a trend following system based on the MACD and the EMA channel. This is applicable to any currency pairs and any timeframes.
Long Entry:
- We only BUY when the MACD Bars are GREEN.
Or - BUY when the 15-EMA is ABOVE the 50-EMA Channel.
Sell Entry:
- We only SELL when the MACD Bars are RED.
Or - SELL when the 15-EMA is BELOW the 50-EMA Channel.
When MACD crossed the 0 line, then it’s the best time to look for a signal. It’s best to sell when the MACD bars changes from green to red and buy when MACD changes from red to green. Signals and rules may not happen all the time but the best thing to do is wait.
Place stop loss behind the recent low or high made before the arrow occurred.
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