High accuracy GoldBands MACD Trading System – The Moving Average Convergence Divergence indicator is a momentum oscillator primarily used to trade trends. Although it is an oscillator, it is not typically used to identify overbought or oversold conditions.
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- Use a demo account or a small live account first to practice this trading system
This “GoldBands MACD” is a very simple and easy trading system.
- Time Frame: M30 or higher
- Currency Pairs: Any
- GoldBands
- MACD
- BBands Stop
- GoldBands: Blue lines
- MACD:
- Blue histogram
- The Histogram > MA line
- BBands Stop: Blue line
- GoldBands: Red lines
- MACD:
- Red histogram
- The Histogram < MA line
- BBands Stop: Red line
Traders should be aware that the MACD acts as a trend-following signal and as such, it may not foretell large, quick moves in security.