Advanced MACD in PFOREX Assist - Trading Signals & Market Analysis

Advanced MACD in PFOREX Assist

0 0 Vote
Instructor

Advanced MACD in PFOREX Assist

Eighty Seventh session - PFOREX Assist Tutorial

Welcome back to Forex professional training.

In this session we will review;

  • The Advanced MACD specifications
  • The Advanced MACD strategy examples in PFOREX Assist

Advanced MACD Strategy

This strategy is developed from well-known MACD indicator. Overbought/Oversold conditions in this strategy is used to confirm the trend direction.

When RSI line passes the Level 30 toward top or Stochastic line passes the Level 20 toward top, then the bullish trend is confirmed.

If RSI line passes the Level 70 toward down or Stochastic line passes the Level 80 toward down, then the bearish trend is confirmed.

The specifications of this strategy are as follows;

  • Market type: Trend & Range market
  • Symbols: Entire symbols
  • Time-frames: All timeframes
  • Entry Price:
    • Buy Order: MACD Line Crosses the Bar toward bottom on negative phase
    • Sell Order: MACD Line Crosses the Bar toward top on positive phase
  • Stop Loss:
    • Buy Order: Below the last candlestick on the reversal spot
    • Sell Order: Over the last candlestick on the reversal spot
  • Take Profit:
    • Buy Order: Double or equal to length of the candlestick, over the entry price
    • Sell Oder: Double or equal to length of the candlestick, below the entry price
  • Confirmations: Hidden Divergence and powerful reversal candlestick pattern

Now let’s check some examples of this strategy.

Advanced MACD in PFOREX Assist - Bullish Analysis & Signals

On the GBPJPY symbol, the price has moved inside a channel (in Range market). Then it decreased until the MACD line crossed the Bars toward bottom while both of them were on the negative phase. Concurrently, RSI line crossed the Level 30 toward top to confirm the generated bullish signal. The hammer candlestick pattern confirmed the upward trend as well.

Advanced MACD in PFOREX Assist - Bearish Analysis & Signals

On the next example, GBPUSD price trend increased after some fluctuations. Then the MACD Line passed the Bars toward top on the positive phase. The RSI line was inside the overbought area and then it crossed the Level 70 toward bottom to confirm the bearish signal. In case that price crosses the Entry price, then this signal would become active.

Notices

This strategy can be applied for Options (Call/Put) trades as well due to its powerful performance.

You can download PFOREX Assist app for iOS and other platforms devices to receive these signals instantly, however I have to insist that all the services provided PFOREX are as information, not as suggestion nor advice.

That concludes this session, until next time and another session, take care.

Linkages & Notices

You can also view the video of this session available on the PFOREX Financial Video tutorials.

You can also find the video of this session on PFOREX YouTube Channel.

PFOREX Assist app provides BEST & FREE trading signals and market analysis. PFOREX Assist is available on App Store (iOS version) & Play Store (Android version).

The PDF file of this session is also available.


PFOREX Educational materials in text and video formats are developed by PFOREX Department of Education to enhance and improve investors’ knowledge and trading skills. Due to high risks and volatile fluctuations in financial markets, traders and investors must develop their trading skills and knowledge. It is strongly recommended to apply Risk and Capital Management when trading in financial market.

Tags

More

Comments

Copyright © 2011-2017 PFOREX.COM | Professional Forex School | Cashback and Rebates