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In this strategy, I'm using 2 indicators: MACD(9,12,26) and SMA(26).
The strategy trade GBP/USD on 10 minutes time frame with amount trade
3M, slippage 3 pips, stop loss 169 pips, take profit 12 pips.
For SMA, I'm using period = 26 in a 10 minutes time period to know if
the instrument is bullish or bearish.
For MACD, I’m using shift 0 and 1 for current and previous MACD to
see movement of the trend in 10 minutes.
Opens sell positions if MACD histogram move from above zeroline
(previous MACD) down to below zeroline (current MACD) and last bid
candle close below SMA.
Open buy positions if MACD histogram move from below zeroline
(previous MACD) up to above zeroline (current MACD) and last bid
candle close above SMA
The strategy trade GBP/USD on 10 minutes time frame with amount trade
3M, slippage 3 pips, stop loss 169 pips, take profit 12 pips.
For SMA, I'm using period = 26 in a 10 minutes time period to know if
the instrument is bullish or bearish.
For MACD, I’m using shift 0 and 1 for current and previous MACD to
see movement of the trend in 10 minutes.
Opens sell positions if MACD histogram move from above zeroline
(previous MACD) down to below zeroline (current MACD) and last bid
candle close below SMA.
Open buy positions if MACD histogram move from below zeroline
(previous MACD) up to above zeroline (current MACD) and last bid
candle close above SMA