MACD and ADX Trading System
This system works on a daily timeframe. The indicators are basic and it is the combination of 2 indicators.
Forex Indicators:
- MACD (3,9,16)
- ADX(16) with + DI and – DI lines
For buy entry:
- MACD must show a buying signal.
- +di should be above -di. if +di is below -di and MACD gives buy signal then ignore it at that time, wait for + di to go above – di to make a long entry.
For sell entry:
- MACD must show a selling signal.
- – di should be above +di .if -di is below +di and MACD gives sell signal then ignore it at that time, wait for -di to go above +di to make a short entry.
To exit position, you can trail stop because it can help you capture maximum profit.
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