Timeframe will depend on the currency, which a trader is going to use. As an example we will review two pairs: EURUSD and GBPUSD. The 30-minute chart is regarded as the most suitable for these pairs.
First, open the panel “Parameters” with the help of CTRL N, then select “MACD” from the list of indicators. Using the left mouse button drag “MACD” on to the chart. In the box “settings” set the parameters as shown in fig1.
Repeat the same procedure with the indicator “Moving Average” three times. In order to receive signals, we need three moving average lines with different settings. All parameters are shown in fig.
Moving Average 1
Moving Average 2
Moving Average 3
The signal to sell is the intersection of the two red moving average lines with the yellow line from top to bottom. Sell signal is also confirmed by MACD indicator if histogram and the signal line have shifted to the negative zone (as shown in fig.)
Take profit can be placed at the level of 15-20 points.
The signal to buy is the intersection of the red moving average lines with the yellow line from below to above. Buy signal is also confirmed by MACD indicator, if the signal line and histogram are both in the positive zone.
Stop loss shall be placed at the level of 15 points.