All you need here is the standard MACD indicator (12/26/9) on a 5mins chart.
Look in the past and test it yourself.
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Just wait for the blue line to cross the red line.
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Buy or sell depending of the direction of the trend.
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Set a Stop Lost 30pips AND a limit target at 30pips of profit.
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Once you have a around 3 or 4 pips or profit CHANGE your Stop Lost to the breakeven price (the price that cover the spread) that way, you just can’t lose.
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Move the SL as far as the price go in your direction to maximise the profit but leave it some room or you could miss some really good trade.
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If the trend change direction while you lose money, FU*** IT! losing is part of trading (you better accept it), change the direction as well.
The worst you can do is lose 30pips.
BUT, take 10 minutes of your life and analyse the MACD movement on the 5mins chart. After, ask yourseft if following this strategy you could make more pips than you lose. If the answer is yes… You know what to do.
You have to know that:
You will lose sometime, BUT, not as much as you will win later.
Following the trade is a logical place to start.
You have to wait the both line cross, otherwise you’re not following the system.
It’s a very lazy strategy.
It very, VERY boring to do.
Looking at the price too often will result by a heart attack for sure. So don’t, just look at the pips and be confident than the average of ALLLLLL the trader out there know what they do, because, all you do here is following them.
Now, open a 5mins chart, open the MACD indicator and do the math.
DON’T TRY THIS ON LIVE TRADING RIGHT NOW.
Demo it for a while, it’s more boring than do it live (it’s sooooo boring live) but you have to be carefull with your money, right?
