Discuss MACD Divergence Strategy here. MACD Divergence Strategy is a simple Forex trading strategy based on the standard indicator. You can ask any questions about this strategy here.
Thanks for sharing. Divergence is a very good set-up, however it is very suggestive and is hard to identify objectively in real time. It is better to use an indicator to generate the divergence signals (ITIC sells one).
Personally, I also love to trade MACD divergence as I find them pretty consistent.
It will be better if you can add an oscillator like RSI or Stochastic to it as it can improve your entry position.
When you see a divergence, you will check your indicator for sign of overbought or oversold before you enter your trade. This can gives you a better entry.
Divergence has been one of the better strategies for me, knowing when to pull the trigger is the tricky bit, i like to use S+R, pivots and trend channels for confirmation.
4hr charts have given me the best results...find them less choppy.