|MACD Crossover at||03:00 AM EST|
|Action:||Market Order opened|
|Take Profit:||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 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.
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