Forex trading strategy #27 (Arsalan's ADX + MACD)

Submitted by Arsalan, our valued contributor.

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Hi Edward,

I want to share one strategy which is based on macd and adx.
The strategy is as follows:

Time frame - Daily.

Indicators - Macd (3,10,18)
ADX(18) WITH + DI AND - DI LINES

BUY SETUP - MACD SHOULD GIVE BUY SIGNAL.
+DI SHOULD BE ABOVE -DI. IF +DI IS BELOW -DI AND MACD GIVES BUY SIGNAL THEN IGNORE IT AT THAT TIME AND WAIT FOR + DI TO GO ABOVE - DI TO MAKE A LONG ENTRY.

SELL SETUP - MACD SHOULD GIVE SELL SIGNAL.
-DI SHOULD BE ABOVE +DI .IF -DI IS BELOW +DI AND MACD GIVES SELL SIGNAL THEN IGNORE IT AT THAT TIME AND WAIT FOR -DI TO GO ABOVE +DI TO MAKE A SHORT ENTRY.

STOP LOSS - USE IT AS PER YOUR RISK APPETITE.

EXIT - USE TRAILING STOPS TO EXIT BECAUSE IT WILL ALLOW YOU TO CAPTURE MAXIMUM PROFIT.

One thing which is important while using this system is that you should trade with proper money management techniques.