Complex trading system #10 (Egudu simple 4 tools trading)
Submitted by User on December 17, 2007 - 13:50.
This Forex strategy was submitted by Egudu.
ok guys, here the strategy:
enter long once the 7EMA crosses 21EMA up and the ADX has passed it's 25 or 20mark and the MACD is trending up. The other way round is for short position. Note, only enter a position once the ADX has passed it's 25mark.
Exit: exit any position once the 7EMA crosses the 21EMA. Also, the MACD should be looked at before entering a trade, when it's consolidating, you should stay away from the trade.
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