Trading with MACD and Bollinger Band This method uses the Daily MACD to identify the dominant

trend. Trades are executed on the hourly time frame using signals generated from the hourly MACD and the Bollinger Band. Indicators: 1. Colored MACD (12,26,1) and 2. Bollinger Bands (standard settings) 3. Bull candles green, bear candle red

Currency Pairs: EURUSD, GBPUSD, AUDUSD, USDCHF, USDCAD Time Frames: Daily and Hourly Uptrend: Daily MACD above zero line Downtrend: Daily MACD below zero line Long Setup: 1. Daily MACD above zero 2. Hourly MACD crosses below the zero line. 3. Hourly candles must at least be touching the lower Bollinger band but it is better if the candles are riding the lower Bollinger band. 4. Wait for hourly candle/s to come off the lower Bollinger band. 5. Wait for hourly MACD histogram bar to turn from red to green. 6. When hourly candle turns green and MACD histogram bar turns green you are ready to enter. Short Setup: Exactly opposite long setup. Entry: 1. Above described setup exists 2. Place 2 to 3 pending orders 5-10 pips above the high of the closed hourly candle that turned green in correspondence with the green MACD. 3. Set SL 10-20 pips below the most recent swing low. Profit: 1. 2. 3. 4.

First entry take profit 30-50 pips Once you take profit on the first move other entries to break even. Decide on your own when to take profit on 2nd entry. Once take profit on 2nd entry keep moving SL on 3rd entry to swing lows until the market takes it out.