Now if I add a very simple indicator called Moving Average Convergence Divergence, which is known as MACD in short and comes with no charge in any charting software. And change the settings to 5-13-x:
Or how about a free indicator called "MACD_Colored_v105 Dark.mq4" that is downloadable online:
Now you may understand why I think it will be much more appropriate if the whole thing is named "How to trade with MACD".
To be fair, Dean Saunders has come up with a very nice system that really makes profit, and deserves credit for creating the system. However, the indicator part can actually come much cheaper. For those who want to learn more about using the MACD, I suggest a book called Trading Chaos by Bill Williams.
Hi Ganglion,
ReplyDeleteThanks for the information and link! It appears to be a robust system. Any idea on what the trend indicator is based off of? (21 sma?) Thanks!
As said above, it is a 5-13-x MACD. The MA is 10-period exponential.
ReplyDeleteHello Ya'll,
ReplyDeleteBelow is a list of the most recommended FOREX brokers:
1. Most Recommended Forex Broker
2. eToro - $50 minimum deposit.
Here is a list of top forex instruments:
1. ForexTrendy - Recommended Probability Software.
2. EA Builder - Custom Strategies Autotrading.
3. Fast FX Profit - Secret Forex Strategy.
Hopefully these lists are benificial to you.
Forex Signals are a system utilized by traders to create important decisions about their trade. Forex Trading signals are made available to help traders in making a profit and make their trading journey easier and successful.buy forex signals is extremely important within the trade, it doesn't matter whether you're a beginner otherwise you are an expert trader, you would like these signals for your forex trading unless you would like to lose. They're an excellent tool for you to trade an expert manner and also assist you to enhance your skills and trading strategies.
ReplyDelete