MACD Crossover at: 03:00 AM EST
Action: Market Order opened
Stop Loss: 1.24723
Take Profit: When the next crossover of the MACD line and the signal line occurs.
The MACD line is nothing else than the difference between the 26 EMA and the 12 EMA. The Signal line is the 9 EMA of the MACD line. The Histogram shows the difference between the Signal line and the MACD line.
On the hourly chart I check after each hour the MACD. We have a signal when the MACD Line crossed the Signal Line. I open a market order in the direction of the signal and stay in the trade until I get a signal in the opposite direction.
My stop loss is at the previous low in case of a buy and at the previous high in case of a sell.
For each trade I risk LESS THAN ONE PERCENT.
I exit the trade when I get a signal in the opposite direction.
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