Simple Forex Strategy

Dear Traders. I found another very simple but very powerful system in my

Free Forex Systems library. It�s a free system and available for free on some

free Forex websites in different variations. I like it and I thought you may be

interested to try it.

Description:

Simple Strategy. Using Slow MACD Indicator & Fast Stochastic.

This strategy is very simple and successful but will not get you in at the

beginning of the move or exit at the end but will give a high success rate.

Setup:

Timeframe: Any

Currency:Any

MACD: 21 55 8

Stochastic: 8 3 5

How it works:

When the MACD Line and Signal Line cross, wait for the Stochastic to cross in

the same direction!! (Don`t trade if Stochastic in overbought/oversold

zones)If you are an agressive trader you can enter when the MACD and

Stochastic cross at the same time, otherwise once the MACD has crossed, wait

for the Stochastic to cross before entering. (The MACD must cross first)

Exit the trade when the MACD lines cross back.

 1 � MACD signal line cross 2 - Stoch crossed in the SAME direction 3 �

ENTRY POINT ( long in this case) 4 � Recommended Stop loss 3 pips below

the nearest (in this case) support level

Stop loss: Place a stop loss Recommended Stop loss 3 pips below for LONG

entries or 3 pips above for SHORT entries the nearest support (for LONG) or

resistance (for SHORT) levels

 source  fr Karl Dtm     by : sbudij