@nicole Depends. For me, yes it is. I trade with a peace of mind that if there are any complexities, I can work around them with the trend following and momentum forecast features.
Yeah this strategy is perfect to apply on the daily, weekly, or even monthly price charts but ain’t good for intraday trading.
Know that there isn’t any technical tool that can forecast the market with certainty. I’ve been trading for decades now with fxview and xm, and even though I’ve been trading successfully with their technical tools and instruments, no trading system could guarantee a profit or eliminate any risk.
MACD I think relies on the underlying price points. Overbought and oversold signals aren’t as effective as a pure volume-based oscillator.
I’m a new day trader and MACD has been looking pretty interesting. Please suggest whether I need to download the indicator separately?
Long term? All this while, I’ve been thinking it to be a short-term profit investment because of the high liquidity.
Bitcoin I believe is accepted by only a few brokers. Most don’t even recognize it as a legitimate exchange. I don’t think it’s a safe bet.