Gold (XAU/USD): MACD Crossover Signal

on March 26 2012 4:52 AM
Gold (XAU/USD) Free Signal MACD Crossover

  

Date:
3/26/2012

MACD Crossover at
04:00 EST

Signal:
Sell

Action:
Market Order opened

Stop Loss:
50 Pips (5 $)

Take Profit:
When the next crossover of the MACD line and the signal line occurs.

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(Chart done with FXCM)

MACD-Indicator:

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:

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. 

Disclaimer:

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