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In this Forex video tutorial, we will combine the
iMACD and Demarker Indicator for a simple and easy reversal strategy.
After so many trading tutorials, it almost feels it's the same thing over and over again.
But more importantly, we hope you get the picture now.
Indicators work about the same way with the exception of a few.
But generally, the
way we have shown in the videos is how you combine different indicators and also to test it on your own markets or whatever currency pair you are trading with.
Please know that these
strategies or technique that we have shared with you works in all markets.
You just need to combine the
indicators and then check on patterns.
If you find
patterns that matches the strategy, then you have a winning strategy for the pair you are focused in.
Now, let's get on with the iMACD and
Demarker Indicator reversal strategy.
Firstly, we look for the crossovers of the blue and red line.
Again (we are repeating ourselves), when the blue line crosses on top of the red line, then it's a buy opportunity.
When the red line crosses above the blue line, then we are looking at a sell opportunity.
Once we have a signal from the iMACD, we will seek confirmation from the
Demarker Indicator.
The crucial line for the Demarker
Strategy is the 0.30 level and 0.70 level which respectively indicates oversold and overbought market conditions.
What we want to see is that the line hits the oversold or overbought condition and then penetrating past the 0.50 level before it's a confirm signal.
Ideally, we want to see both iMACD lines crossover and the Demarker line penetrating the 0.50 level at about the same time.
As explained in past videos, we just do not want to be too late in any
trend or trend reversal in this case.
An allowance of 3 trading sessions can be afforded but we
know of traders that only allow one trading sessions before calling off the trade.
The choice is yours to make but make sure you always stick to rule.
Simple strategy like the rest but just using a different indicator.
We hope you have enjoyed this tutorial and we look forward to the next with you.
Stay safe out there...
iMACD and DeMarker Indicator
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