MACD and Two Ema Trading System

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MACD and Two Ema Trading SystemMACD and Two Ema Trading System have an best macd signal line with good macd formula. two ema indicator combined this macd indicator strategy and also you can follow macd histogram with best well known suggestion all the world macd settings

Chart setup:
• Moving average set to period = 50.
• Moving average set to period = 100
• MACD

MACD and Two Ema Trading System

Long trades:
1) Wait for the currency to trade above both the 50 EMA and 100 EMA.
2) Once the price has broken above the closest SMA by 10 pips or more, enter long if MACD
crosses to positive within the last five bars, otherwise wait for the next MACD signal.
3) Initial stop set at five-bar low from entry.
4) Exit half of the position at two times risk; move stop to breakeven.
5) Exit second half when price breaks below 50 SMA by 10 pips.
Do not take the trade if the price is simply trading between the 50 EMA and 100 EMA.

Short trades:
1) Wait for the currency to trade below both the 50 EMA and 100 EMA.
2) Once the price has broken below the closest EMA by 10 pips or more, enter short ifMACD
crosses to negative within the last five bars; otherwise, wait for next MACD signal.
3) Initial stop set at five-bar high from entry.
4) Exit half of the position at two times risk, move the stop to breakeven.
5) Exit remaining position when the price breaks back above the 50 EMA by 10 pips.
Do not take the trade if the price is simply trading between the 50 EMA and 100 EMA

MACD and Two Ema Trading System

Rar Forex trading
MACD and Two Ema.tpl
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