Gold (XAU/USD): MACD Crossover Signal

MACD Crossover at
03:00 AM EST

Signal:
Sell

Action:
Market Order opened

Stop Loss:
1644.80

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

(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 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.

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. 

Exit: I exit the trade when I get a signal in the opposite direction.

Disclaimer:

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