You are very right.From my experience I have discovered that trading can be easier when the $hr and Daily are in agreement(i.e the same signal or direction).I have been using MACD for a long time and I can nearly take it to be the best indicator that I know.
Thanks a lot for the download link that you have provided here. As we all know MACD is one of the best indicators in Forex market. I believe this indicator will give us some more indication.
Well, I think this indicator not for newbie trader. Seem like very complicate for they. Can you explain more simple, so we can learn be better!? Thanks.
in some of Moen's very important to know when to sell when buy but we also need to be sure to end if you can not experience loss
you mean you just use MACD analysis? O.O
The 4 hour MACD works fine but what is the actual stop loss and take profit for the strategy? Where do we place the stop loss and take profit cause I am thinking of money mgt before I place any trade, Money mgt is key to long term success in forex so I care about the capital, even when the strategy seems nice
I use almost the same strategy with MACD in 4 hours and daily chart
but I add certain value in the indicator levels for some pairs, to make
easily to find the right signals, I would open trade when MACD like is
cross above or below those levels