It has been quite a while since I last posted in babypips. When I have time, about 2-3 hours to be infront of computers, I have always ‘scalp’, first based on my KAS_37 Trading System (and few others that I have created) and just recently I found something that is worth to share to newbies.
It is called KAS_DB_MACD. It is simple.
Look at the recent trade that I have done. The first chart, at the Red Arrow is where I entered the BUY and the second chart where it hits my profit target of 20 pips. I put SL -30 and I like to scalp in GBPJPY 5m chart - as always.
The Rule :
BUY when the both MACD (6,13,5) lines (light blue, dark blue) crosses over both MACD (12, 26, 9) lines (orange, red). Vice-versa for SELL.
My very first post in this great forum. Am a Noob myself in this, and am enjoying the tons of info here…and the amazingly knowledgeable people!
First, you set up the MACD described as follows:
In your trading s’ware, click on: insert/indicators/oscillators/MACD
Under the Parameters tab enter the value 12 for Fast EMA, the value 26 for Slow EMA, and the value 9 for the MACD SMA.
Select the colours you’d prefer for the two lines.
Repeat step 1 for the second MACD and fill in values 12, 26 and 9, respectively.
Now I need some help in return: In my trading software (Windsor Direct 4), these two MACDs appear in separate boxes below the main chart window, and so naturally they do not ‘cross over’ each other…could anyone help by explaining how they could be made to sit together, in one window or box?
Would be much appreciated!
Ranjit.
PS: Have attached a pic of what it looks like on my machine.
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