Indicators which are used:
- 50 SMA (GREEN)
- 100 SMA (RED)
- MACD (default) or MACD Traditional
Timeframe:
- 5 Min
Setup:
- Add the indicators as described above
- The market is bearish if the Red sma is above the Green sma
- The market is bullish if the Green sms is above the Red sma
- If the Market is bearish as said above, open a sell-order when MACD is over bought and crossed
- If the Market is bullish as said above, open a buy-order when MACD is over sold and crossed
- At your entry point the most recent swing high is good for your SL (few pips away from it for a short-order)
- At your entry point the most recent swing low is good for your SL (few pips away from it for a long trade trade)
- With an instant entry 20-30 pips should be your TP (1 or 2 trades per day)