Keeping it simple and profitable

[GazFx]

This is a simple and profitable trading strategy suited to newbies and advanced traders alike.

Linear Weighted Moving Averages and MACD track and identify trends and occurrences of convergence-divergence. Williams Percent Range monitors momentum, with crossovers occurring at key turning points in the price trend. Most important is the crystal clear signals for both entry and exit, and ease of interpretation. If you have been struggling with the psychological aspects of trading, simple and effective trade signals like this can help.

I will be posting further information and updates as entry / exit signals occur.

Time Frame	H4 preferred, but you are free to test others.
Currency Pairs	AUDUSD, EURUSD, GBPUSD, USDCAD, USDCHF, and USDJPY preferred, but others can be added subject to suitability.
Technical Tools	5LWMA : 5-Period Linear Weighted Moving Average on Median Price (HL/2) 15LWMA : 15-Period Linear Weighted Moving Average on Median Price (HL/2) MACD : 5, 10, 9 with Exponential MA on Close Price 15WPR : 15-Period WPR (Williams % Range)
Buy Entry / Exit	Open a buy position if: 5LWMA crosses above 15LWMA; MACD crosses above the zero line; and 15WPR crosses above the -50 level. Exit a buy position if: 5LWMA crosses below 15LWMA; or MACD crosses below the zero line; or 15WPR crosses below the -50 level. Whichever occurs first.
Sell Entry / Exit	Open a sell position if: 5LWMA crosses below 15LWMA; MACD crosses below the zero line; and 15WPR crosses below the -50 level. Exit a sell position if: 5LWMA crosses above 15LWMA; or MACD crosses above the zero line; or 15WPR crosses above the -50 level. Whichever occurs first.
Entry Signals

 

[GazFx]

GBPUSD sell signal.

 

[GazFx]

USDCHF sell signal.

 

[GazFx]

USDCAD buy signal.

 

[GazFx]

USDCHF close out. False signal and small loss.

 

[GazFx]

USDCHF divergence.

Looking at the previous USDCHF chart where the sold position was closed-out, there is a triple cross-up indicating a buy signal. Entering a buy position here, however, may be a mistake due to divergence between MACD and price action indicating downside risk. Better to wait for the divergence to resolve before making a trade decision.