After going through lot of complex trading systems and indicators..

I have now u
sing system which is very simple and seems to work well.
so I am sharing the system here with everyone. Please provide your view point an
d maybe someone can help me automate this system.
It uses only 1 indicator 3ColorMACD.
3 setting for the indicator on 4 hour chart
1) 12,26,9
2) 72,156,54
3) 360,780,270
3 setting for the indicator on Daily chart
1) 12,26,9
2) 60,130,45
3) 240,520,180
I trade it on 4 hours chart only.
Buy when all 3 setting of 3colorMACD turns Green. Buy stop order on top of the t
rigger candle with stop at the other end of the candle. Target is same distance
as Stop. so it's always 1:1 R:R. Stop move to breakeven when price moves half wa
y to the target.
on 4 hours chart, the MA is mapped to daily 200 MA position. so if that MA is wi
thin the RANGE (between Stoploss and profit target) of trade setup, skip the tra
de.
Also if the trade profit traget is less than 25 pips, skip the trade.