Learn Forex: 2 MACDs Can Help Your Trade Exit Timing | DailyFX: "Many traders work too hard on their entry and not spend very little time focusing on their exit. Unfortunately, it is your exit that will determine how much you ultimately take from the market or how much of your equity you give to the market testing out an idea. One tool that we can turn to fine tune our exits is the Moving Average Convergence-Divergence or MACD.
The MACD was created in the late 1970s by Gerald Appel who named MACD as an “indicator for all seasons”. Because the indicator can help traders’ time entry and exits as well as work on all time frames, it quickly became a favorite to many. However, a method was introduced by Appel in the creation of MACD to help traders stay in the right trade longer that we’ll explore in this article."
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