Trading with the MACD indicator used by many Forex traders.
We just need the MACD indicator with the standard settings: 12, 26, 9.
Time Frame (TF), regardless of any pair also can be used.
Entry rules: When the MACD line crossover 'appear - enter (or wait for prices to close the bar and then hit enter).
Exit rules: when the MACD line crossover happens next
Hey Ya'll,
ReplyDelete"Which Forex pair and time frame is best to trade" is the frequently asked question and I want do give you the EXACT ANSWER in this comment.
Are you expecting that I am going to say something like EUR/CHF on 15-minute time frame or GBP/USD on daily...? No, it is not so simple, but SIMPLE ENOUGH we can figure it out!
The "DIFFICULTY" is that markets change over time. If EUR/USD was a well trending currency pair a few years ago, today it is another one.
I actually want to let you know about a SPECIAL INSTRUMENT that I use to find the BEST TRENDING PAIRS among all the Forex pairs.
CHECK IT OUT: ForexTrendy
The software inspects 34 Forex pairs on all time frames from minute to monthly. This way you pick the best trending pair and time frame at the current time.
GET IT HERE: ForexTrendy