Hi,
I'm sure most people on here are familiar with this indicator.
However, when I tried applying this strategy in the FXCM demo, my few dozen trades resulted in my account being at a loss of about 30 pips. It's not enough trades to have any complete certainty but it demonstrates the point.
It obviously raises lots of points about how to use stops and where exactly to exit the trades.
With FXCM I believe the minimum stop is 10 pips. Can this be moved tighter once the position is opened so as to protect a position?
Obviously the MACD can be applied to any time frame; let's suppose trading the 5 min chart..watching the 1 min chart will assist in judging when to exit.
I'm sure most people on here are familiar with this indicator.
However, when I tried applying this strategy in the FXCM demo, my few dozen trades resulted in my account being at a loss of about 30 pips. It's not enough trades to have any complete certainty but it demonstrates the point.
It obviously raises lots of points about how to use stops and where exactly to exit the trades.
With FXCM I believe the minimum stop is 10 pips. Can this be moved tighter once the position is opened so as to protect a position?
Obviously the MACD can be applied to any time frame; let's suppose trading the 5 min chart..watching the 1 min chart will assist in judging when to exit.
MACD strategy
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