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MACD signal filtered SMA trend
EUR/USD, GBP/USD, USD/CHF, USD/JPY, GBP/JPY
and all Majors Pairs
M30 and higher
The MACD indicator is one of the most widely used indicators for Forex trading.
MACD is an abbreviation for Moving Average Convergence Divergence.
It is calculated using Moving Averages, which makes it a lagging indicator.
The main function of the MACD is to discover new trends and to help find the end of present trends.
This MACD Strategy, creates for newbies base on simply, easy
To place your stop loss order effectively, you should refer to the chart for previous price action swing points.
If you are opening a long trade, you could place your stop loss below a previous bottom on the chart.
If you trade short, then you could place your stop loss order above a previous top.
If the price action creates a lower low on a long trade, or higher high on a short trade, your position will be closed automatically.
Taking Profit on MACD Trades
One way to exit a MACD trade is to hold until you receive an opposite signal. So a contrary MACD signal would be your signal to close out your trade. However, there are many other ways to manage your trade based on your personal preferences.