To use this Forex Trading Strategy. First MACD line must cross over signal line, and be well below 0. Second share price should be above 200 Exponential moving average indicator. Last set Stop loss and Stop profit at a ratio of 1:1.5.
Forex Trading Strategy steps
1. MACD line must crossover signal line and be well below 0.
2. Share price must be above 200 day exponential moving average.
3. Set Stop loss, Stop profit at a ratio of 1:1.5.
Use this trading indicator strategy for day trading of forex. Do not hold positions overnight!
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