Complex trading system #7 (Mohammed Munzer Forex system)
Submitted by User on October 21, 2007 - 18:39.
Current Forex system was submitted by Mohammed Munzer - our valued contributor.
hello all
timeframe: daily
EMA(34)
SMA(150)
Double CCI (CCI=50 and CCI=14)
Full stochastics (5,3,3)
- When price is between EMA(34) and SMA(150) Do not trade
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"Trade Long" means Buying a currency pair.
"Trade Short" means Selling.
Regards,
Edward
very proitable system i have used it for 40 days ago and have more than 780 pips
ayman-jordan
can somebody tell me where i can get the doulbe cci thank you !!!!
I have back-tested the strategy for Euro USD from 2006 till now which is 17.5.2011..
I have risked 1% per trade on an 10k account..here are the Results....
2006 + 56 USD
2007 - 60 USD
2008 + 489 USD
2009 - 117 USD
2010 + 240 USD
2011 + 440 so far
Please note that i might be wrong in back testing this strategy and maybe understood something wrong.. so please back test always for your self..
I think there are good points in this strategy that there are no big draw down ..i never lost more than 1% in a months .. but i think the problem with this strategy is first of all that we dont enter in oversold or overbought conditions which has no meaning often times the party just begins when its nailed there in the oversold - bought zone...the second problem is that the exit is to tight we need a better exit maybe the 9 EMA (from Edward) or maybe the RSI(21) 50 line .. or the cci middle line.. All in all it has a quite good entry point....but that's just my opinion and maybe i understood something wrong and made the back-test not in the right way...
If anybody is interested in back-testing strategy's in groups to help each other to get the job quicker done please contact me at chopsena@yahoo.com
Sincerely
Winny
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