Currency pair: All.
Time frame: All.
Indicator: MACD default settings: 12, 26, 9.
Entry rules: when MACD crossover (for confirmation signal can wait close of the current bar).
Exit rules: at the next MACD crossover.
Advantages: easy to implement a strategy that can give good signals very lucrative inputs.
Disadvantages: must be monitored periodically, the strategy is not applicable for market consolidation. Also not used alone but in combination with other indicators and signals.
Note: Trade with MACD indicator is widely used by currency traders. MACD settings can be changed by default, depending on the currency pair and the selected schedule. You can test EUR / USD MACD (02, 03, 20), GBP / USD MACD (02, 03, 04), USD / CHF MACD (04, 07, 16) at different time charts.