High/low 11,12,11 macd histogram trade

JoeSmoe32

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Hello fellow traders,

I have another set up I love to use. This one is very easy to see, easy to trade and you don't have to be glued to your computer as much. It also will satisfy the trader who wants multiple trades a day and does not want to be as patient and feels he has to make alot of trades each day.

1- Put up every single pair that your broker will allow on your MT4 Platform
This allows you to have lots of choices

2- Set everyone to 1HR time frame.


3- Drag TRO 3_Level_ZZ_Semafor onto each pair.


4- Put MAC D onto each Pair set at 11,12,11


5-Drag TRO support and Resistance onto each pair

See Picture below for example.


Rules

1- Wait for Number three to show up on the pair.
2- Wait tell the Histogram peaks and retraces back the other direction.
3- It's better to see a High peak on the Mac D Histogram

The reason why this works so well is it allows you to trade often because you are looking at so many pairs. You start to not take junk trades because you know there are more pairs to look at and it allows you to not force a bad trade just for the sake of trading.

This also works because the 1hr time frame will have a pullback or reversal and it does not have to be much to make a great number of pips. Going to the lower time frames would work as well but your risk of how much it will move is the key. This will also take you out of lower time frame wip saw.

JOE SMOE
 

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  • 3_Level_ZZ_Semafor_Signal.ex4
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  • Support and Resistance.ex4
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  • Set Up Example High Low.jpg
    Set Up Example High Low.jpg
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2/06/2009 Trades

Here is a picture of the exact trades I took and how well I did with this set up today.

I also have one still open at 43 pip profit has not hit target yet.

Let me know how well you do with this set up would love to hear your success.

JS
 

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  • 2 6 2009 Results.jpg
    2 6 2009 Results.jpg
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