Developing a system #10 (GBPJPY hourly trading)
Submitted by Edward Revy on December 5, 2008 - 17:10.
Submitted by Blackanddecker
GBP/JPY pair hourly only.
Seems to me that the GBP/JPY pair is moving wildest - lots of profits and losses are easy. What does anybody think about Full Stochastic 5/3/3 with SMA 5 and EMA 5.
When the EMA 5 moves above the SMA 5, buy. When it moves below, sell. Use the Stochastic 5/3/3 as confirmation.
Close on the reverse of the SMA-EMA. Or set limits at 50.
I find that a 15 minute chart with Stochastic 20/12/12, SMA 20 and EMA 20 works better.
I have been only doing histories so far.