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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You'll find an answer here: ADX +DI -DI
Best,
Tomas
Hi Arsalan,
May I know if you've tried this together with fundamentals?
Regards,
Raymond
Hi Arsalan,
I have not quite been trading for a year yet so I don't feel I know enough about trading to be giving out strategies to anyone, this is just an idea I had and would love to know if it can be any use to anyone else as it has been quite useful for me.
I love how simple and easy your strategy is, it has been quite profitable for me so far but I have been trading some false signals and been losing some money or have been stopped out at break even so I came up with a nice way to complement your strategy in case you trade a false breakout and still make a small profit or offset a small loss.
Quite simply I put 2 trades on, 1 to run until I get a sell signal and a second with a profit target of around 80-100 pips, looking back at the charts there is on average around an 80-100 pip movement before it reverses. I have noticed sometimes it is only 50-60 pips so when I get around 50% of the way to my profit target I move my stop loss to break even so if I do get stopped out on my first trade then my second one is free.
I have not had chance to test this extensively on the day time frame but have used it quite a lot on the 1 hour in my demo account for the last month (just changed my profit target to somewhere around the average true range of the last bar) and I have turned a good few unprofitable trades into profitable trades.
I know a lot of people wont like the extra risk involved but it has worked very well for me (so far), please give it a shot in your demo account I would love to hear feedback and any ideas/improvements.
Kind Regards,
Robert
what is a 3 day EMA, similar to ema in ADX or not?..
Great post, Robert
I use the similar approach, which helps to balance my trading.
To User: 3 day EMA is your regular EMA indicator placed on daily charts with the period set to "3".
Cheers,
Thomas
Hi...I love this strategy!!!! thank oyu so much for sharing it...
my question is what MAs should I use if I trade intraday on a 5 min chart???
again Thank you
thank you thank you!!!!!!
Arsalan. A really good and simple to use system. I would add an extra rule: only enter trade when ADX is +ve slope and had crossed above 22.
salam agha arsalan mishe id bedid man ye kam bahatoon harf bezanam ya be id man pm bedin roozbeh_m58 :id roozbeh_m58(at)yahoo.com :email
mer30
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