MACD Double Act M5 Strategy – Part 3 | Trading Highlights

Latest reviews top searched Online Forex Trading, Daily Charts Forex Strategy, and Macd And Stochastic A Double-cross Strategy, MACD Double Act M5 Strategy – Part 3 | Trading Highlights.

STRATEGY
The MACD Double Act strategy gets its name in a very clever fashion. It’s because it utilises two different elements of the MACD to get its results. Thus putting them back together makes them a Double Act, like in the entertainment industry, Vegas, Hollywood, all that.

The first MACD we’re using is the MACD histogram with its default period inputs of 12, 26, and 9. That’s the MACD line calculating a 26 period moving average being subtracted from a 12 period moving average, the signal line plotting a 9 period average of the MACD line, and the histogram printing the difference of those two lines. The histogram has a 0 centre level so for us we’ll be taking buy trades only when the histogram is printing a reading above 0, and we’ll only be taking sell trades when the value is below 0. Seems reasonable.

Then our second MACD strips away a chunk of that and just leaves the MACD line. But we’ll use a MACD line which is twice as fast as its typical settings. That means it will be a 13 period moving average being subtracted from a 6 period. We’ll enter our trade when it closes across the 0 line. So if it moves from under the 0 line to above it and closes there, we’ll enter a buy trade. If it does the opposite, we’ll do the opposite (sell trades).

We better do some money management though so we don’t lose it all and more. We’ll split every trade we take into two sub-trades and then the Average True Range volatility indicator will do the rest. Our sub-trade A will have a stop loss set a 3x ATR value from our entry price, with a take profit at 2x ATR from our entry price. Trying to beat the spread and get more losers than winners with that one. Then for sub-trade B it will again be a stop loss starting at 3x ATR from our entry, but there will also be a trailing stop loss at 2x ATR, so if we get that far into profit then it’ll kick into effect. Each of the sub-trades will have a 0.5% risk for a total of 1% risk per trade, which will measure with the calculator linked below. Let’s go Double Act, win, win, win.

PART 1: https://www.youtube.com/watch?v=gz3fOLVT-PA
PART 2: https://www.youtube.com/watch?v=AZqudHskgqc
PART 3: https://www.youtube.com/watch?v=5tg0dK8-Q20
PART 4: https://www.youtube.com/watch?v=vVRL4OdMKv0

MOVING AVERAGE CONVERGENCE DIVERGENCE

https://www.investopedia.com/terms/m/macd.asp

AVERAGE TRUE RANGE

https://www.investopedia.com/terms/a/atr.asp

POSITION SIZE CALCULATOR
https://www.babypips.com/tools/position-size-calculator

TWITTER
https://twitter.com/ProjectTrade365

All for entertainment purposes only.

Macd And Stochastic A Double-cross Strategy, MACD Double Act M5 Strategy – Part 3 | Trading Highlights.

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MACD Double Act M5 Strategy – Part 3 | Trading Highlights, Play more complete videos about Macd And Stochastic A Double-cross Strategy.

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