Less is more.
Nice clean chart based on price action and the bb bands.
Looking for pullbacks.
They can be found when after a good run a candle closes outside bb and the next candle closes inside.
TP 20, SP 20
MACD base one is there to spot divergences which means the trend is weakening.
Not necessary for a divergence in order to enter, but can indicate the strength of the pullback, maybe a reversal.
Sample trade - I don't plan on staying in for the full 20 all the time. It is a high probability of success strategy for at least some pips.
The stop is there in case of an emergency.
The bright colorful sideways lines on the bottom show market openings and closings.
The MACD in mt4 is calculated incorrectly. Don't know why they don't fix it.
The training2.mq4 is a simulator expert.
Nice clean chart based on price action and the bb bands.
Looking for pullbacks.
They can be found when after a good run a candle closes outside bb and the next candle closes inside.
TP 20, SP 20
MACD base one is there to spot divergences which means the trend is weakening.
Not necessary for a divergence in order to enter, but can indicate the strength of the pullback, maybe a reversal.
Sample trade - I don't plan on staying in for the full 20 all the time. It is a high probability of success strategy for at least some pips.
The stop is there in case of an emergency.
The bright colorful sideways lines on the bottom show market openings and closings.
The MACD in mt4 is calculated incorrectly. Don't know why they don't fix it.
The training2.mq4 is a simulator expert.
Attached Image
Attached File(s)
Market Hours.mq4
2 KB
|
229 downloads
PipShow.ex4
16 KB
|
204 downloads
Training2.mq4
15 KB
|
213 downloads
bb macd.tpl
2 KB
|
203 downloads
MACD True.mq4
3 KB
|
220 downloads