strategy that can be used to trade the forex market for profits,it called scalping.Below is the strategy.you should modify the macd indicator and input the parameters (10,24,7)on the 15 minutes chart.you should also insert the exponential moving average (EMA 4) and the linear weighted moving average (LMA 10)on the 15 minutes chart.But i must say you should be very disciplined using this strategy,as it is not meant for greedy,gluttonous and non disciplined traders,if you know your emotions cannot with stand the volatility of the forex market dont trade this strategy.
HOW TO INTERPRETE THE INDICATORS:
Exponential moving average (EMA 4) and linear weighted moving average (LMA 10) is used to identify the trend,and the macd indicator as a confirming indicator.
BASIC SYSTEM RULES:
BUY SIGNAL
When EMA 4 crosses or punches through the LMA 10 going up,and confirmed with the macd indicator that is the histogram starts appearing above the zero line .
SELL SIGNAL
When the EMA 4 punches through the LMA 10 going down,likewise confirmed by the macd histogram being below the zero line.
Get the trend as early as you can and follow the trend to maximize your profit.using this system on the 15 minutes chart is 15-25 pips is a realistic initial profit target expecaily if you are trading the gbp/usd usd/jpy eur/usd pairs.
HIDDEN SECRET:
An additional advantage for traders technical is when there are no major news affecting the market,there will always be a clear trend for the day trading.know when the news is coming out and close any of your trades 10-15 minutes before news is released.
CLICK HERE FOR REGISTERS