Early exit signals

#1
HI, I M NEW TO USE METASTOCK SOFTWARE, I INITIATE TRADE ON THE BASIS OF MACD AND EXIT ON REVERSAL OF MACD BUT IN THIS PROCESS, I AM NOT ABLE TO BOOK PROFITS AT THE PROBABLE TOPS. CAN ANY BODY GUIDE ME WAT ADDITIONAL INDICATORS/EXPERT SIGNALS I CAN ATTACH FOR THE PURPOSE.:confused:
 

bunny

Well-Known Member
#2
Hi Vikas, it would be useful to know what signals to use to enter into a stock. Also, plz let us know what values you use to calculate MACD.

I don't have a desktop software, but I use http://www.icharts.in/charts.html
I use the values "3,10,16" for MACD.
If the red line crosses above the blue line - BUY signal
If the red line crosses below the blue line - SELL signal

but MACD will work only in trending market, not a range-bound trading market. Whether it is trending or trading can be checked by observing BUY and SELL signals in retrospect. MACD will not work as good in trading market.
 
#3
HI, I M NEW TO USE METASTOCK SOFTWARE, I INITIATE TRADE ON THE BASIS OF MACD AND EXIT ON REVERSAL OF MACD BUT IN THIS PROCESS, I AM NOT ABLE TO BOOK PROFITS AT THE PROBABLE TOPS. CAN ANY BODY GUIDE ME WAT ADDITIONAL INDICATORS/EXPERT SIGNALS I CAN ATTACH FOR THE PURPOSE.:confused:
one can't get the tops using macd, use candlesticks and your targets (support/resistance) to get tops.