| Summary: | The major purposes of this study are to compare profit generated by Moving
Average Convergence Divergence (MACD) indicator with Full Stochastic Oscillator
(FSO) indicator if used as a single indicator in forex day trading and also to
compare profit generated by MACD single indicator and FSO single indicator with
MACD and FSO combined indicators in forex day trading.
The data used in this study are profit that were calculated based on buy and
sell signal from MACD indicator, FSO indicator and combined indicators MACD
and FSO in 5 minutes, 15 minutes, 30 minutes and 60 minutes time frames. Profit
that was calculated based on price provided by FBS broker used Metatrader4
program. Currency pairs that used are EURO/USD, USD/JPY and GBP/USD.
This study shows for day trading FSO is more optimal in generating profit than
MACD as a single indicator and combined indicators MACD and FSO are more
optimal in generating profit than MACD single indicator and FSO single indicator.
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