This system consists of 3 indicators: moving
average, Fiborock MACD Histogram and the engulfing bullish and
bearish indicator.
Look at this example.
The green bullish engulfing candles will tell us to
look for a long position.
The red bearish engulfing candles will indicate
short positions in the market. The moving average shows an upward
gradient. As long as the market is trading above the moving average
you will look for a long position.
As long as the histogram shows green bars you will
look for long transactions. When all three indicators show that
there is a good trading opportunity. Enter the next candle after the
bullish engulfing candle.
For more detail on this system contact your local
MTI office.
To remove a system, right click on the system name
on the top right side of the chart and then click “delete system”,
from the options menu.
