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:
any currency
1hr,
7EMA(blue)
21EMA(red)
ADX(14)
MACD(12,26,9)
Read entire post >>>
wrong
may i know more about MACD please, thankxxx...
Indicator explained: MACD
Oh my God i love this strategy!
the Crossing MA's eliminate false signal on MACD, vice versa. Great Job!!
-wolf-
Sorry, i mean the adx eliminate false signal. hehe.. happy trading!
Initial trading was very profitable but has been experiencing quite a few false signals recently. Noticed that after entry upon the EMA cross, the EMA uncross again resutling in losses and most of the time, ADX was in the 30s and trending down. Wondering if ADX has to be trending up all the time to signal strength of trending market?
Ideally, ADX should be trending up, but ADX signals most of the time will lag.
Have tried trading with ADX trending up but got stopped out by false signals. I like this strategy very much and would like to refine it further. Would appreciate if others trading this strategy can advise on other indicators to look out for?
Post new comment