Any Ideas?
Submitted by reza ghafoorpoor on October 10, 2007 - 12:13.
Is there anybody have tried #9 simple strategies?
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Submitted by reza ghafoorpoor on October 10, 2007 - 12:13. |
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I've been using similar strategy for about 1 year now, but I wasn't using RSI, only standard Stochastic of 14. Form my experience it is a very stable strategy, and it requires great patience to be able to wait for both EMA and Stoch crosses to be in place.
The idea to add RSI to support entry decisions should provide higher percentage of wins. Highly recommend this system.
TrJohn
Hi TrJohn.
Thanks for your good reply.
Are you trading real? I'm going to open one.do you think I can make profit through it?
maney traders say that one should make his own system.What is wrong whit these systems we are working with?
Bye now.
Reza
Hi Reza,
Yes I do. You should also be able to profit with it why not.
:) There is absolutely nothing wrong with these systems. When they say you have to make your own system, they usually mean: "Take those rules and integrate them into your trading style, adjust to your trading needs".
Besides the rules there are lots of other aspects you would need to add to start trading such as the size of your orders, may be specific hours you want to trade etc-etc. If you discover something new while trading, you may add it to the rules as well why not. Altogether it grows into your own trading system.
It is that simple.
TrJohn
Hi TrJohn,
I realize that the best exit is when RSI crosses the line 50 in the opposite direction that have been crossed in entry points. and second: usually if the movement is strong enogh at first the trade target ( mine is often 60 pips and my stop is often 20 pips)will soon achived.
hear you soon
Reza.
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