#12 Multiple indicators analysis
Submitted by User on August 7, 2010 - 12:38.
Submitted by Stoyan
Hi, this is Stoyan. I look at this marvelous site from time to time and may be this is the right moment to express my great gratitude to Edward and the other guys, sharing such information with fellow traders. Nice work guys, keep on..
So, I am about to reveal a quite simple, yet efficient strategy, not only for those of us who enjoy scalping, but for swing traders, as well. I am quite confident you will find it quite accurate and beneficial.
Well, let's get straight to the point:
Currency pair: ANY
Timeframe: M15, M30 for scalpers
H4 for swing traders
Indicators: TOR 1.02
TA_1.14c (attached below)
OK, in general, those indicators represent an improved version of the well-known MT4 indicators - namely ADMI, RSI, CCI and Stochastic Oscillator.
Rule for Entry:
Enter a trade when at least 90% of the arrows at the various timeframes go for BUY or SELL (green or red, respectively).
When scalping, shoot for 15-25 pips per trade. For the swing traders - pay special attention to the higher timeframes (H4, D and W) - in case of change of direction - close your trade.
I will be glad to know your results and comment on this one.
Happy and profitable trading fellows!!!