The strategy taught in this program can be used to day-trade any of the
currencies. It can also be used on any time-frame from 5, 15, 30, 60 minute
to 4 hour bars. You can also use it on tick charts.
NOTE: Even though it will work on the faster time frames like 5 and 15
minute charts, I would recommend using the 30, 60, 90 or 120 minute charts.
Despite the fact that the currencies are known to trend, on an intraday basis
they have a lot of “noise” and choppiness. This can cause over trading and
get you stopped out more.
To start you will need to set your charts up as follows in the diagram below.
The program uses an ultra-simple and yet highly profitable setup. The top
part of the chart uses “Candlestick Bars” and the lower part has a “MACD”
Indicator. The MACD has the following settings: (12, 26, 9)
THAT’S IT!!! Nothing more is needed.
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Forex Profits
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