Advanced system #3 (Neat entry: RSI + Full Stochastic)

Hi,Edward

First of all, I'd like to thank you and the excellent web site.
I tested the strategy and found that it gave a good result in GBP/JPY and 4-hour time frame.

Thank you for your feedback.
I'm glad you like the strategy.

Happy trading!

Edward

Hi, I study forex since 6 months and your website helped me a lot !
I still trade with a demo account but I think I will open a real one soon.

Thanks Edward and all the contributors of this website.

Hi Edward
First of all, theres lot of useful staff in webpage. Thak you for your effort.

Few moths ago i started testin "Forex trading strategy #28 (RSI trend - Bollinger dips and rallies" it worked and i made nice profit, but now for two weeks i cant find any entry points. I loaded all 12 common pairs on my fxcm marketscope and still no entrys.
Now i'm tryng Advanced system #3 (Neat entry: RSI + Full Stochastic)third day todey and same thing, no entrys on eny 12 common pairs.

Question is - is it possible or is it just me who needs to study or change something? All trading indicators and time frames are like you suggested in topic.

Qreeting from Estonia
Herkko

Thank you, Herkko

The strategies you've mentioned produce very few signals. That's the way they work - they won't allow you to enter until there is a really good opportunity, and such opportunities don't come at every corner.

I'd suggest keeping those strategies, and checking them once is a while to see if there is a setup forming. In the meantime, you can work with your other favorite strategies which will give you more frequent signals to trade on a daily basis.

Happy trading!

Edward

Hi Edward,

Great strategy and very simple. One question and maybe someone else asked it before. If so, sorry! Why are you using SMA150 and not for instance SMA100 or SMA200? Is this SMA especially for GBD/USD?

Greetz from Holland
Jilles

Does anyone know of an EA for the above strategy ?

Hi Jilles,

I tried 100 and 200, but ended up with a golden middle position - 150 SMA.
It's just my choice after the testing various combinations, nothing more.

@ User: a trader has sent me an EA for this system.
Neat_Entry_ea2.mq4
(Test it, because I trade the system manually, no EAs).

Best regards,
Edward