Forex Trading Strategies

MACD Crossover Forex Trading Strategy|macd histogram simple forex trading strategies

MACD Crossover Forex Trading Strategy|macd histogram simple forex trading strategies
The indicator consists of two lines on an area and a histogram. Above you see a zoom-in image of the MACD Forex indicator that shows the way it will look like at the bottom of your chart. The MACD indicator trading strategy involves making trading decisions based on signals that come from the indicator.
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MACD is one of the most used technical indicators in Forex.
MACD stays for Moving Average Convergence Divergence.
The indicator consists of two lines and a histogram.
It falls into the category of the leading indicators and has trend confirming character.
The Moving Average Convergence Divergence formula concerns three components:
MACD Line = 12 EMA – 26 EMA
Signal Line = 9 EMA of the MACD Line
MACD Histogram = MACD Line – Signal Line
There are three basic signal types related to the MACD Forex indicator:
MACD Crossovers: Bullish and Bearish MACD Cross
MACD Divergence: Bullish and Bearish MACD Divergence
Overbought and Oversold MACD Signals
MACD Crossover Strategy:
Open trades on crosses of the MACD lines.
Enter in the direction of the crossover.
Stay until you see opposite MACD cross.
MACD Divergence Strategy
Buy on the second cross when the MACD bottoms are increasing, and the price bottoms are decreasing.
Exit when you see opposite MACD crossover.
Sell on the second cross when the MACD tops are decreasing, and the price tops are increasing.
Exit when you see opposite MACD crossover.
MACD Histogram Strategy
Open when you see a histogram bar that is opposite to the general histogram trend.
Stay in the trade until you see the exactly opposite event.
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