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Free 4-Hour MACD Trading Strategy Ebook

November 6, 2012 by

Quite some time has passed since I last added something new to the free ebooks section on EarnForex.com. Today, it is a trading strategy manual written by an unknown but highly experienced and detail-attentive author.

This MACD trading strategy is rather simple, yet it encompasses several aspects of the currency market and the actual trading process. Although it is based on very popular and widely used Moving Average Convergence/Divergence signals, it is also imbued with moving averages and horizontal price levels. Additionally a lot of actual trade examples, recommendations and exercises are included into this ebook. It is composed of the following document files:

  • 4+Hour+MACD+Forex+Strategy.pdf — the actual strategy description document. Read it first.
  • Consolidation+Management.pdf — some notes on money management connected with the possible periods of market consolidation.
  • Excercise+MACD.pdf — a series of chart slides with a new bar added in each, allowing you to forecast the move with the strategy and check your forecast by looking at the following slides.
  • GbpUsd.pdf — an example GBP/USD chart with strategy’s complete markup.
  • No+Filter+Trade+as+you+see+it.pdf — many examples of unfiltered trading signals generated by the strategy.
  • Planning+your+Trade.pdf — some additional recommendations regarding position exits.
  • Presentation1.pdf — a EUR/USD @ H4 chart with all the strategy’s indicators attached but no additional markup or text.
  • Tsunami.pdf — what is the nature of success in FX trading and how the 4-hour MACD strategy should be employed.

While the proposed trading system looks thought out and generated profits during the observed test periods, there is one consideration against its profit-taking method that I would like to express. The strategy promotes taking partial profits at different levels, basically, scaling out of the positions. Even though the method bases the exit levels on indicator values, it is still a potentially weak point of the position management system utilized here. So I would recommend altering this aspect of the exit rules’ implementation. Nevertheless, use the strategy on your own risk and trade responsibly. You can download the full set of files for free:


If you have any questions, comments or suggestions regarding this e-book or about adding more free books to EarnForex.com, please feel free to post them in the comments below.

7 Responses to “Free 4-Hour MACD Trading Strategy Ebook”

  1. Eric D

    Took a quick glance of the e-book and I have to say it is pretty well and thoroughly written, you are right about the non-filtered examples, I am always pretty reluctant to read someone’s else strategy but this one is pretty some like mine, something there resonates so I might read it more carefully, I feel it has the good elements needed in a strategy like the understanding of positive and negative divergence with cycle indicators that revolve around the trending ones, what I did not see is the price action accommodation in all of it that I feel would be certainly a plus, thank you for sharing.

    Reply

    admin Reply:

    Adding some price action analysis would make the system a lot more complex, don’t you think so?

    Reply

    Eric D Reply:

    Yes that’s true,it might be just my way of doing trading analysis getting in the way of it all, I have read more carefully the e-book and found some good advice there, specially the MACD patterns recognition, it kinds of bothers me though, that the results seem a little bit biased over the positive returns, and several negative setups were kind of ignored, but it is really good material above all and got something useful of it of course, I appreciate your efforts.

    Reply

  2. tim lee

    please send ebook.

    Reply

    admin Reply:

    You can download it using the link in this post.

    Reply

  3. Pieter Nel

    Hi everyone, This strategy was written by my father, Phillip Nel

    Reply

  4. Randall Nunez Sancho

    This Strategy owns to Phillip Nel from South Africa

    Reply

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