hi all....
i am posting a strategy which i have observed very good for intraday only...
idea behind the strategy :
macd is a powerful indicator showing trend of the market.
adx is a strength indicator of the trend.
so combining them can be a powerful strategy .
time frame : 15 mins
macd parameters : 12,26,9.
adx : 7 periods...
buy when macd gives positive crossover and adx value is more than 25. exit when you get a good move of 20-25 points..
same way short when macd gives negative cross over and adx value is above 25.
i dont know how to post charts thru imageshake.
this system can be better by modifying parameters of macd and adx..
please note that test this strategy in purely intraday as gap up gap down trades gives very big loss ... i dont recommend this as positional.
i am posting a strategy which i have observed very good for intraday only...
idea behind the strategy :
macd is a powerful indicator showing trend of the market.
adx is a strength indicator of the trend.
so combining them can be a powerful strategy .
time frame : 15 mins
macd parameters : 12,26,9.
adx : 7 periods...
buy when macd gives positive crossover and adx value is more than 25. exit when you get a good move of 20-25 points..
same way short when macd gives negative cross over and adx value is above 25.
i dont know how to post charts thru imageshake.
this system can be better by modifying parameters of macd and adx..
please note that test this strategy in purely intraday as gap up gap down trades gives very big loss ... i dont recommend this as positional.