The simple two indicators forex trading strategy consists of two basic indicators: Stochastic Oscillator and MACD and provides entry, exit and stop loss levels.
The strategy was designed to buy dips in up trends and sell rallies in down trends, thus keeping the risk as low as possible for the trader.
Preferred Time Frame: 15 Min
Preferred Currency Pairs: Any currency pair with good volatility
Indicators:
Stochastic Oscillator (5,3,3)
MACD (5,35,5)
Entry Rules:
Buy if MACD >0 and Stochastic Oscillator trades below 20 and crosses back above (buy dips)
Sell if MACD <0 and Stochastic Oscillator trades above 80 and crosses back below (sell rallies)
Stop Loss Rules:
For buy orders: Place stop loss 5 pips below most recent support level
For sell orders: Place stop loss 5 pips above most recent resistance level
Trade Objective: 50 pips or more
Simple Indicators Forex Trading Strategy Example:
The first short signal at 1.3202 reached our 50 pip target at 1.3152. The second short entry was stopped out for a 15 pips loss (+33 max).
FX5 forex trading strategy is a simple and effective trend following method for any major exchange rate. I hope you can adapt this strategy to suit your trading style.
Strategy Description:
An intra day forex trend following trading method.
Indicators:
10 period WMA (Weighted Moving Average)
20 period SMA (Simple Moving Average)
Slow Stochastic (10,6,6)
RSI (28)
MACD (24/52/18)
EUR/USD Buy Trade Example
Forex Trading Rules:
Only take trades between 8AM-12PM EST and/or 2AM-4AM EST.
BUY the exchange rate when the 10 WMA crosses up past the 20 SMA and the Stochastic is signaling up (fast line above the slow line), RSI > 50 and the MACD histogram >0 and MACD averages crossed up.
SELL the exchange rate when the 10 WMA crosses down past the 20 SMA and the Stochastic is signaling down (fast line below slow line), RSI<50 and the MACD histogram <0 and MACD averages crossed down.
Try and take profits at or near key levels: Try and take profits at exchange rates ending with 00, 20, 50, 80 e.g. EUR/USD 1.1980
Stop-Loss Level: discretionary or below/above most recent level of support/resistance.
1 Min forex scalping system can be used on the EUR/USD, GBP/USD, GBP/JPY and AUD/USD. I am trading this system with success averaging 300 pips/month.
Chart Setup
1 Min chart
Trading sessions: London and US Session
Indicators:
MACD with basic settings (12/26/9)
Stoch with setting (8/3/3)
Trading Rules
Long Entry
MACD>0 and Stoch indicator crosses from below 20 back above 20 ===> BUY
Short Entry
MACD>o and Stock indicators crosses from above 80 back below 80 ===> SELL
Stop Loss
Place stop loss below the most recent support or above the most recent resistance level.
Note: Avoid stops >10 pips, just skip the trade and wait a better setup.
Price Objective
Exit the trade for at least 15 pips or more.
1 Min Scalping Trading System Example
The 1 Min EUR/USD chart shows a valid trading setup. MACD>0 and Stoch crosses back above 20. I bought the EUR/USD at 1.3311 with stop loss placed 1 pip below the most recent support at 1.3307 (that’s just 4 pips + 1 pip spread).
The 15 pip target was easily hit 7 minutes later at 1.3326. Risk-to-reward ratio was 1:3.
The Flip and Go forex trading strategy follows the overall trend and is easy to apply. All you need on your charts is the MACD indicator with default settings and the 25-period exponential moving average.
Setup
Time Frame’s: 15 min and above
Recommended Trading Sessions: Euro and US
Pairs: Any
Indicators:
25-period EMA (25 exponential moving average)
MACD (12, 26, 9)
Rules for a Long Trade
Look for a currency pair that crosses and closes above the 25-period EMA from below.
Wait for the MACD to turn positive (above the zero line).
Go long at the candle’s close.
Place stop loss 3 pips below the most recent support low.
Trade objective: risk-to-reward 1:2 or better.
Rules for a Short Trade
Look for a currency pair that crosses and closes below the 25-period EMA from above.
Wait for the MACD to turn negative (below the zero line).
Go short at the candle’s close.
Place stop loss 3 pips above the most recent resistance high.
Trade objective: risk-to-reward 1:2 or better.
Example: GBP/USD 15 Min Chart Flip and Go Forex Strategy
The GBP/USD crosses and closes the EMA25 for below and the MACD turns positive. We open a long trade at 1.5354 with stop loss 3 pips below the most recent level of support at 1.3532.
Total risk on the trade:
22 pips. Trade objective: 22 pips x 2 (or better) = 44 pips.
The long trade was closed successfully about 4 hours later at 1.5398 for 44 pips.
How To Install Metatrader 5 Stochastic MACD indicator
Download and save the “Stochastic MACD indicator” to your desktop or any other folder located on your computer.
Open your Metatrader 5 platform.
Choose “File” then “Open Data Folder” (Ctrl + Shift + D) on your Metatrader 5 platform.
Explore the following folder: MQL5 > Indicators.
Copy and paste the “Stochastic MACD indicator” into this folder. Tip: Create subfolders inside the main MT5 Indicators folder to help keep your indicators better organized.
Restart your Metatrader 5.
MT5 custom indicators are stored by default in the custom indicator folder. To access these indicators, go to Top Menu > Insert > Indicators > Custom
In order to add a custom indicator to any of your Metatrader 5 charts, you will need to select a forex chart with one mouse click, then go to Top Menu > Insert > Indicators > Custom > click the “Stochastic MACD” indicator.
How To Install Metatrader 5 MACD Histogram MC indicator
Download and save the “MACD Histogram MC indicator” to your desktop or any other folder located on your computer.
Open your Metatrader 5 platform.
Choose “File” then “Open Data Folder” (Ctrl + Shift + D) on your Metatrader 5 platform.
Explore the following folder: MQL5 > Indicators.
Copy and paste the “MACD Histogram MC indicator” into this folder. Tip: Create subfolders inside the main MT5 Indicators folder to help keep your indicators better organized.
Restart your Metatrader 5.
MT5 custom indicators are stored by default in the custom indicator folder. To access these indicators, go to Top Menu > Insert > Indicators > Custom
In order to add a custom indicator to any of your Metatrader 5 charts, you will need to select a forex chart with one mouse click, then go to Top Menu > Insert > Indicators > Custom > click the “MACD Histogram MC” indicator.
How to Instal “MACD 3 TF NRP” Indicator for Metatrader 4
Open your Metatrader 4 platform.
Download and save the “MACD 3 TF NRP” indicator to your desktop or any other folder located on your local computer.
Choose “File” then “Open Data Folder” (Ctrl + Shift + D) on your Metatrader 4 platform.
Explore the following folder: MQL4 > Indicators.
Copy and paste the “MACD 3 TF NRP” indicator into this folder.
Restart Metatrader 4.
“MACD 3 TF NRP” indicators are stored by default in the custom indicator folder.
To access these indicators, go to Top Menu > Insert > Indicators > Custom.
In order to add a “MACD 3 TF NRP” indicator to any of your Metatrader 4 charts, you will need to select a forex chart with one mouse click, then go to Top Menu > Insert > Indicators > Custom > click the “MACD 3 TF NRP”.
How to Instal “MACD Tape” Indicator for Metatrader 4
Open your Metatrader 4 platform.
Download and save the “MACD Tape” indicator to your desktop or any other folder located on your local computer.
Choose “File” then “Open Data Folder” (Ctrl + Shift + D) on your Metatrader 4 platform.
Explore the following folder: MQL4 > Indicators.
Copy and paste the “MACD Tape” indicator into this folder.
Restart Metatrader 4.
“MACD Tape” indicators are stored by default in the custom indicator folder.
To access these indicators, go to Top Menu > Insert > Indicators > Custom.
In order to add a “MACD Tape” indicator to any of your Metatrader 4 charts, you will need to select a forex chart with one mouse click, then go to Top Menu > Insert > Indicators > Custom > click the “MACD Tape”.
How to Instal “MACD Bars” Indicator for Metatrader 4
Open your Metatrader 4 platform.
Download and save the “MACD Bars” indicator to your desktop or any other folder located on your local computer.
Choose “File” then “Open Data Folder” (Ctrl + Shift + D) on your Metatrader 4 platform.
Explore the following folder: MQL4 > Indicators.
Copy and paste the “MACD Bars” indicator into this folder.
Restart Metatrader 4.
“MACD Bars” indicators are stored by default in the custom indicator folder.
To access these indicators, go to Top Menu > Insert > Indicators > Custom.
In order to add a “MACD Bars” indicator to any of your Metatrader 4 charts, you will need to select a forex chart with one mouse click, then go to Top Menu > Insert > Indicators > Custom > click the “MACD Bars”.
How to Instal “Digital MACD V2” Indicator for Metatrader 4
Open your Metatrader 4 platform.
Download and save the “Digital MACD V2” indicator to your desktop or any other folder located on your local computer.
Choose “File” then “Open Data Folder” (Ctrl + Shift + D) on your Metatrader 4 platform.
Explore the following folder: MQL4 > Indicators.
Copy and paste the “Digital MACD V2” indicator into this folder.
Restart Metatrader 4.
“Digital MACD V2” indicators are stored by default in the custom indicator folder.
To access these indicators, go to Top Menu > Insert > Indicators > Custom.
In order to add a “Digital MACD V2” indicator to any of your Metatrader 4 charts, you will need to select a forex chart with one mouse click, then go to Top Menu > Insert > Indicators > Custom > click the “Digital MACD V2”.
How to Instal “Cronex T DeMarker GF” Indicator for Metatrader 4
Open your Metatrader 4 platform.
Download and save the “Cronex T DeMarker GF” indicator to your desktop or any other folder located on your local computer.
Choose “File” then “Open Data Folder” (Ctrl + Shift + D) on your Metatrader 4 platform.
Explore the following folder: MQL4 > Indicators.
Copy and paste the “Cronex T DeMarker GF” indicator into this folder.
Restart Metatrader 4.
“Cronex T DeMarker GF” indicators are stored by default in the custom indicator folder.
To access these indicators, go to Top Menu > Insert > Indicators > Custom.
In order to add a “Cronex T DeMarker GF” indicator to any of your Metatrader 4 charts, you will need to select a forex chart with one mouse click, then go to Top Menu > Insert > Indicators > Custom > click the “Cronex T DeMarker GF”.
Download and save the “DSL MACD indicator” to your desktop or any other folder located on your computer.
Open your Metatrader 5 platform.
Choose “File” then “Open Data Folder” (Ctrl + Shift + D) on your Metatrader 5 platform.
Explore the following folder: MQL5 > Indicators.
Copy and paste the “DSL MACD indicator” into this folder. Tip: Create subfolders inside the main MT5 Indicators folder to help keep your indicators better organized.
Restart your Metatrader 5.
MT5 custom indicators are stored by default in the custom indicator folder. To access these indicators, go to Top Menu > Insert > Indicators > Custom
In order to add a custom indicator to any of your Metatrader 5 charts, you will need to select a forex chart with one mouse click, then go to Top Menu > Insert > Indicators > Custom > click the “DSL MACD” indicator.
How to Instal “Impulse MACD” Indicator for Metatrader 4
Open your Metatrader 4 platform.
Download and save the “Impulse MACD” indicator to your desktop or any other folder located on your local computer.
Choose “File” then “Open Data Folder” (Ctrl + Shift + D) on your Metatrader 4 platform.
Explore the following folder: MQL4 > Indicators.
Copy and paste the “Impulse MACD” indicator into this folder.
Restart Metatrader 4.
“Impulse MACD” indicators are stored by default in the custom indicator folder.
To access these indicators, go to Top Menu > Insert > Indicators > Custom.
In order to add a “Impulse MACD” indicator to any of your Metatrader 4 charts, you will need to select a forex chart with one mouse click, then go to Top Menu > Insert > Indicators > Custom > click the “Impulse MACD”.
Download and save the “VEMA MACD indicator” to your desktop or any other folder located on your computer.
Open your Metatrader 5 platform.
Choose “File” then “Open Data Folder” (Ctrl + Shift + D) on your Metatrader 5 platform.
Explore the following folder: MQL5 > Indicators.
Copy and paste the “VEMA MACD indicator” into this folder. Tip: Create subfolders inside the main MT5 Indicators folder to help keep your indicators better organized.
Restart your Metatrader 5.
MT5 custom indicators are stored by default in the custom indicator folder. To access these indicators, go to Top Menu > Insert > Indicators > Custom
In order to add a custom indicator to any of your Metatrader 5 charts, you will need to select a forex chart with one mouse click, then go to Top Menu > Insert > Indicators > Custom > click the “VEMA MACD” indicator.
Download and save the “NonLag MACD indicator” to your desktop or any other folder located on your computer.
Open your Metatrader 5 platform.
Choose “File” then “Open Data Folder” (Ctrl + Shift + D) on your Metatrader 5 platform.
Explore the following folder: MQL5 > Indicators.
Copy and paste the “NonLag MACD indicator” into this folder. Tip: Create subfolders inside the main MT5 Indicators folder to help keep your indicators better organized.
Restart your Metatrader 5.
MT5 custom indicators are stored by default in the custom indicator folder. To access these indicators, go to Top Menu > Insert > Indicators > Custom
In order to add a custom indicator to any of your Metatrader 5 charts, you will need to select a forex chart with one mouse click, then go to Top Menu > Insert > Indicators > Custom > click the “NonLag MACD” indicator.
How To Install Metatrader On Screen MACD indicator
Download and save the “On Screen MACD indicator” to your desktop or any other folder located on your computer.
Open your Metatrader 5 platform.
Choose “File” then “Open Data Folder” (Ctrl + Shift + D) on your Metatrader 5 platform.
Explore the following folder: MQL5 > Indicators.
Copy and paste the “On Screen MACD indicator” into this folder. Tip: Create subfolders inside the main MT5 Indicators folder to help keep your indicators better organized.
Restart your Metatrader 5.
MT5 custom indicators are stored by default in the custom indicator folder. To access these indicators, go to Top Menu > Insert > Indicators > Custom
In order to add a custom indicator to any of your Metatrader 5 charts, you will need to select a forex chart with one mouse click, then go to Top Menu > Insert > Indicators > Custom > click the “On Screen MACD” indicator.
How To Install Metatrader MACD Color Candles indicator
Download and save the “MACD Color Candles indicator” to your desktop or any other folder located on your computer.
Open your Metatrader 5 platform.
Choose “File” then “Open Data Folder” (Ctrl + Shift + D) on your Metatrader 5 platform.
Explore the following folder: MQL5 > Indicators.
Copy and paste the “MACD Color Candles indicator” into this folder. Tip: Create subfolders inside the main MT5 Indicators folder to help keep your indicators better organized.
Restart your Metatrader 5.
MT5 custom indicators are stored by default in the custom indicator folder. To access these indicators, go to Top Menu > Insert > Indicators > Custom
In order to add a custom indicator to any of your Metatrader 5 charts, you will need to select a forex chart with one mouse click, then go to Top Menu > Insert > Indicators > Custom > click the “MACD Color Candles” indicator.
How To Install Metatrader Normalized MACD indicator
Download and save the “Normalized MACD indicator” to your desktop or any other folder located on your computer.
Open your Metatrader 5 platform.
Choose “File” then “Open Data Folder” (Ctrl + Shift + D) on your Metatrader 5 platform.
Explore the following folder: MQL5 > Indicators.
Copy and paste the “Normalized MACD indicator” into this folder. Tip: Create subfolders inside the main MT5 Indicators folder to help keep your indicators better organized.
Restart your Metatrader 5.
MT5 custom indicators are stored by default in the custom indicator folder. To access these indicators, go to Top Menu > Insert > Indicators > Custom
In order to add a custom indicator to any of your Metatrader 5 charts, you will need to select a forex chart with one mouse click, then go to Top Menu > Insert > Indicators > Custom > click the “Normalized MACD” indicator.
How to Instal “COG MACD V2” Indicator for Metatrader 4
Open your Metatrader 4 platform.
Download and save the “COG MACD V2” indicator to your desktop or any other folder located on your local computer.
Choose “File” then “Open Data Folder” (Ctrl + Shift + D) on your Metatrader 4 platform.
Explore the following folder: MQL4 > Indicators.
Copy and paste the “COG MACD V2” indicator into this folder.
Restart Metatrader 4.
“COG MACD V2” indicators are stored by default in the custom indicator folder.
To access these indicators, go to Top Menu > Insert > Indicators > Custom.
In order to add a “COG MACD V2” indicator to any of your Metatrader 4 charts, you will need to select a forex chart with one mouse click, then go to Top Menu > Insert > Indicators > Custom > click the “COG MACD V2”.
How To Install Metatrader 5 ZeroLag MACD indicator
Download and save the “ZeroLag MACD indicator” to your desktop or any other folder located on your computer.
Open your Metatrader 5 platform.
Choose “File” then “Open Data Folder” (Ctrl + Shift + D) on your Metatrader 5 platform.
Explore the following folder: MQL5 > Indicators.
Copy and paste the “ZeroLag MACD indicator” into this folder. Tip: Create subfolders inside the main MT5 Indicators folder to help keep your indicators better organized.
Restart your Metatrader 5.
MT5 custom indicators are stored by default in the custom indicator folder. To access these indicators, go to Top Menu > Insert > Indicators > Custom
In order to add a custom indicator to any of your Metatrader 5 charts, you will need to select a forex chart with one mouse click, then go to Top Menu > Insert > Indicators > Custom > click the “ZeroLag MACD” indicator.
How To Install Metatrader 5 RSI of MACD Double indicator
Download and save the “RSI of MACD Double indicator” to your desktop or any other folder located on your computer.
Open your Metatrader 5 platform.
Choose “File” then “Open Data Folder” (Ctrl + Shift + D) on your Metatrader 5 platform.
Explore the following folder: MQL5 > Indicators.
Copy and paste the “RSI of MACD Double indicator” into this folder. Tip: Create subfolders inside the main MT5 Indicators folder to help keep your indicators better organized.
Restart your Metatrader 5.
MT5 custom indicators are stored by default in the custom indicator folder. To access these indicators, go to Top Menu > Insert > Indicators > Custom
In order to add a custom indicator to any of your Metatrader 5 charts, you will need to select a forex chart with one mouse click, then go to Top Menu > Insert > Indicators > Custom > click the “RSI of MACD Double” indicator.
