I use MT4 for charting.
This is what works for me.
10 and 20 MA crosses to get in. Got from an x banker.
I use 5 34 5 MACD on the 1 hour only to conferm entry. (works perfectallly)
got it from Constance Brown beginner book.
TO EXIT I use the zig-zag you find on MT4 - this is what gives me the courage to hold on to my position. When that snaps into place - jump.
If you are in a trend it means that the next few bars will end up going back to and closing inside the 10 and 20. This is where you watch the MACD again. It will show you when to get in again even in a trend.
I use Oanda so that I can compound each time.
Sounds simple but it took me 18 months of studying and experimenting with everything to find my personal system.
This is what works for me.
10 and 20 MA crosses to get in. Got from an x banker.
I use 5 34 5 MACD on the 1 hour only to conferm entry. (works perfectallly)
got it from Constance Brown beginner book.
TO EXIT I use the zig-zag you find on MT4 - this is what gives me the courage to hold on to my position. When that snaps into place - jump.
If you are in a trend it means that the next few bars will end up going back to and closing inside the 10 and 20. This is where you watch the MACD again. It will show you when to get in again even in a trend.
I use Oanda so that I can compound each time.
Sounds simple but it took me 18 months of studying and experimenting with everything to find my personal system.