Sale Page :https://tradingstrategyguides.com
Before I introduce you to this trading strategy, let’s see what tools we need for the job.
This strategy uses three indicators which are the following:
1. MACD- The inputs for this indicator are: Fast Length= 12 (represents the previous 12 bars of
the faster moving average), Slow Length= 26 (Represents the previous 26 bars of the slower
moving average), and Signal Smoothing= 9 ( represents the previous 9 bars of the difference
between the two moving averages. This is plotted by vertical lines called a histogram).
2. Simple Moving Average- The inputs for this indicator are: Length 8, Offset 0. (Red line)
3. Exponential Moving Average-The inputs for this indicator are: Length 20, Offset 0. (Blue line)
This strategy also uses three different time frames. They are the 4 hour, the 1 hour, and 15 minute
time frames. This top down approach uses these time frames to identify a trend, find a break out
point, determine an entry point, and execute the trade.