Traditional MACD filtered with RSI ~ forex trading hours etoro
Traditional MACD with RSI is a simpe and effective trend momentum trading System. This system is based on The MACD oscillator is have created by Gerald Appel . The MACD line is the difference between a "fast" EMA and a "slow" EMA. The Signal line is an EMA of the MACD line. In this strategy we have also the RSI for to filter the crossover signals of MACD.
Markets: Forex Majors and Index.
Time Frame 30 min, 15 min.
Indicators:
Traditional MACD: (34, 48, 30).
RSI (14, close) with level 55 and 45.
Trading rules Traditional MACD with RSI
Buy
When MACD crossing upward and RSI is > 55.
Sell
When MACD crossing Downward and RSI is < 45.
Exit with profit target od 20-25 pips depends by currency pairs.
Initial stop loss on the previous swing.
Vantages:This trading system is very simple and profitable ad you can use all platforms for trading.
Disavantages: In sidewais market It can generates false signals.
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| Traditional MACD filtered with RSI |
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| Traditional MACD filtered with RSI |
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