Momentum trade strategy
Posted: Tue Nov 23, 2010 3:35 am
Rules for a Long Trade
1) Look for currency pair to be trading below the MA and MACD to be negative
2) Wait for price to cross above the MA, make sure that MACD is either in the process of crossing from negative to positive or have crossed into positive territory no longer than [MACD_Cross_Distance] bars ago
3) Go long [Open_Distance] pips above the MA
Rules for a Short Trade
1) Look for currency pair to be trading above the MA and MACD to be positive
2) Wait for price to cross below the MA, make sure that MACD is either in the process of crossing from positive to negative or have crossed into negative territory no longer than [MACD_Cross_Distance] bars ago
3) Go short [Open_Distance] pips below the MA
For this strategy must be installed indicator Averages (viewtopic.php?f=17&t=2430).
1) Look for currency pair to be trading below the MA and MACD to be negative
2) Wait for price to cross above the MA, make sure that MACD is either in the process of crossing from negative to positive or have crossed into positive territory no longer than [MACD_Cross_Distance] bars ago
3) Go long [Open_Distance] pips above the MA
Rules for a Short Trade
1) Look for currency pair to be trading above the MA and MACD to be positive
2) Wait for price to cross below the MA, make sure that MACD is either in the process of crossing from positive to negative or have crossed into negative territory no longer than [MACD_Cross_Distance] bars ago
3) Go short [Open_Distance] pips below the MA
For this strategy must be installed indicator Averages (viewtopic.php?f=17&t=2430).