MACD Crossover at
Market Order opened
50 Pips (5 $)
When the next crossover of the MACD line and the signal line occurs.
(Chart done with FXCM)
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 use the MACD to show me the general trend. We have an uptrend when the histogram is positiv and a downtrend when it is negativ. On the 15 min. Chart I wait for a crossover in direction of the trend.
Risk Management: My stop loss is at the previous low in case of a buy and at the previous high in case of a sell. Money-Management: For each trade I risk LESS THAN ONE PERCENT.
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