Momentum scalping trading with MACD - forex trading hours nz

Momentum scalping trading with MACD ~ forex trading hours nz

Momentum scalping trading with MACD is a strategy for intraday trading, the but of this strategy is to capture the small reversal movements of the price.

Time Frame 5 min.

Indicators:

Moving Average 15 period linear weighted,the moving average is used to helps us determine the trend for trading.MACD (Moving Average Convergence Divergence) histogram which helps us for determine the momentum of the price.

MACD Histogram settings is the default, EMA = 12, EMA = 26, Signal EMA = 9, close price.

Tools optional:
Pivot Point levels as exit point or static dynamic resistance and support.

Trading rules

Buy

1) The price to cross above the 15-period LWMA, and the MACD above the zero.

2) Go long when the price retraces to the 15-period LWMA.

3) Place initial stop at swing low on 5 minute chart or place stop 20 pips below 15-period LWMA.

Sell

1) The price to cross below the 15-period LWMA, and the MACD below the zero.

2) Go short when the price retraces to the 15-period LWMA.

3) Place initial stop at swing high on 5 minute chart or place stop 20 pips above 15-period LWMA.

Variant with support and resistance.

Drawing on the chart, lines of support and resistance where the price must have bounced at least 2 times.

Buywith the previous rules only if the pricehas formed a support.

Sellwith the previous rules only if the price has formed a resistance .

Make profit 
1) with two predetermined target profit (after the first TP move stop loss at the breakeven, the advantage of this: is lock in gains and ensures that we never turn a winner into a loser.)
2) At the pivot points levels or midpoint levels.
The advantage of using support and resistance as a starting point of this strategy is to avoid many false signals.

Examples

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CCI Impulse Trading - forex trading hours in london

CCI Impulse Trading ~ forex trading hours in london

CCI Impulse Trading is a trading system of trend-momentum based on the CCI (Commodity Channel Index).

The purpose of this strategy is to capture the first impulse of a movement.

This simple technique may achieve this goal of capturing the first impulse of movement.

This technique is suitable to have a goal of pre-determined price, since the ratio stop loss / profit is> 1, then it can be successfully applied in trading binary options high / low. Expiry time for Binary High/low is 3 candles).

Time Frame: 30 min or higher.

Financial market:any.

Indicators used:

CCI 14 period (close, with levels 0, 80, -80,).

50 EMA, Exponential moving Average, to determine the direction of the trend and trade.

Trading rules CCI Impulse Trading

Trades only in the direction of the trend.

Buy

Price close above EMA 50.

CCI crosses upward zero level.

Sell

Price close below EMA 50.

CCI crosses downward zero level.

Exit position when the CCI come back at 80 level (for buy) /-80 level (for sell) or with predetermined profit target that depends by currency pair, the time frame (example H1 Time Frame 20 pips USD/JPY, EUR/USD, AUD/USD, GBP/USD, NZD/USD ) and volatility of the market.
Initial stop loss 5 pips below/above of the entry bar after n..pips in gain for example H1 16 pips move stop loss at the breakeven.

Time Frame and  Profit for majors:

30 min 15 pips

H1 18-22 pips

H4 25-30 pips

Daily 80-120 pips

In the examples we shows the CCI Impulse Trading applied at the USD/JPY.

In the third example you see this strategy applied at the binary/options high/low.

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