indicators, they can be used on any trading platform which is bound to have these two default trading oscillators. A trigger to exit or take profit forthwith. 1.0, it is a signal to go long on the designated currency pair. If the green histograms of the macd MT4 indicator break above the.00 level as depicted on Fig. Prices continued to fall steadily and eventually on the next buy signal, the trade was exited with a very favorable profit. Because the macd and the. We are truly grateful! Center-line: The center-line for this indicator. 1.1, a sell alert is said to be imminent. Wait for price to rally back up to touch the 20SMA line.
Indicators: RSI (set period settings to 5) 20 SMA. This candlestick should coincide with the RSI starting to turn. Other common periods used by Forex trader is the 9 and 25 day moving average. Your profit target: 3 times what you risked. Another option would be to exit with whatever profit you have when the opposite trading signal is given (which is when a sell signal is given).