Tuesday, February 7, 2012

[forex stuff] ADX and MACD Strategy

BUY SETUP
+DI must cross above –DI and MACD cross from negative to positive. If +DI is below –DI and MACD gives buy signal, ignore it and wait for indicators to align.

As can be seen from this chart above, a trade opportunity can present itself several times within a period of a few weeks to months.



SELL SETUP
-DI must cross above +DI and MACD should cross from positive to negative). If –DI is below +DI and MACD gives sell signal, ignore it until indicators align themselves for a short entry.

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