FX PIRATE V1

Buy Rule:

  1. Buy when the lower MACD (12,26,9 settings) is above the 0.0 line.
  2. Wait for the upper MACD (3,5,3 settings) to cross below and then above the 0.0 line.
  3. Only execute a buy trade if the close is in the upper quarter of the candle.
  4. Place a stop-loss a few pips below the low of the buy candle.

Sell Rule:

  1. Sell when the lower MACD is below the 0.0 line.
  2. Wait for the upper MACD to cross above and then below the 0.0 line.
  3. Only execute a sell trade if the close is in the lower quarter of the candle.
  4. Place a stop-loss a few pips above the high of the sell candle.

Take-profit depends on the trader's risk tolerance, typically aiming for 1:1, 2:1, or 3:1 ratios relative to the stop-loss.