Forex trading strategy #11 (Arsalan's ADX+EMAs cross system)
Submitted by User on August 24, 2008 - 15:50.
Hello everyone my name is Arsalan and before i proceed i want to thank Edward Revy and all the other people who have shared their amazing trading systems over here.
I have learnt many trading systems at this website which i use in my trading and they work very well for me. I have been using a strategy which gives me consistent profit so i would like to share that strategy with everyone over here.
The strategy is as follows:
Time frame: Daily.
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Hi Edward,
Thank you very much for making screen shots for all these strategies.
Happy Trading,
Regards,
Arsalan.
Hi Arsalan. Do we need to wait for ADX strength to reach above 20, or just track +DI and -DI only?
Hi,
Q.Do we need to wait for ADX strength to reach above 20, or just track +DI and -DI only?
Yes.This is a trending system so ADX should be atleast above 20.
For more information please refer my system selection technique.
It will help you to use a right system at a right time.
Happy Trading,
Regards,
Arsalan
Hi Arsalan, i'm Lino, i just wanted to thank so much for sharing ur wonderful trading secrets; i wish we had alot of people like in the world,who things freely. I have been trying out ur strategies and getting profitable returns, pls the strategy on a 4hr chart
In the last example you ignored the previous buy which would have stopped you out. Seems to me that ADX and EMAs are telling you that same thing. Either way this system will take back all of you profits when price starts ranging
Hi
Can this work on other time frames or just 1 hour charts?
Thanks, Mat
I don't see why not. Both ADX and Moving averages are widely used across all time frames.
Thomas
excuse me, what is +DI and -DI ?
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