|Crossover at||02:00 AM EST|
|Confirmation at||03:00 AM EST|
|Action:||Market Order opened|
|Stop Loss:||50 Pips (5 $)|
|Take Profit:||50 Pips (5 $)|
I use the technical indicator MACD for my trading. 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.
MACD-Crossover and Confirmation:
I wait on the hourly chart for a crossover. After the MACD line crossed the Signal line I need to wait one more hour for confirmation.
For each trade I have a 5 Dollar Stop Loss and a 5 Dollar Take Profit. That means that my strategy is profitable if more than 50 percent of my trades will win.
On my account I risk for each trade LESS THAN ONE PERCENT. That means I need to have at least 500 Dollars on my account for that trade. I am trading only Micro Lots.
I enter at the open of the hourly candle to the market price.
I trade from 3:00 AM EST until 7:00 PM EST.
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