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Forex trading strategy #4-a (1-2-3, RSI + MACD)

Submitted by Lino

Hi Edward

I have spent a considerable time studying your strategies and i would like to share with everyone what i have taken and now apply to my trading.

Any currency pair can be traded

Indicators: 5,10,20 EMAs - RSI - MACD

Time frame: I use 15min charts (I find bigger time frames to slow and bigger stops)

Entry rules: On an down trend wait for a higher low.
Find a 1-2-3 setup
Enter long just below 2 with stops just under 3
RSI MUST be above 50
MACD must be or just about to cross over.

Exit rules: Once you have reached to same distance as risked close out.

Good system, well done.
Thank you for sharing! I'm glad to publish it here.

Best regards,

What is Platform charting name did you use at those screenshoot ?



I use market scope from FXCM.

Hi Edward,

I would just like to post a short trade example i just finished trading.

123 Forex strategy

123 Forex strategy

Thank you Lino,

Very good examples.
I like the way you initially approached the 123 setup. For me this was something I've never thought about before. I've enjoyed learning about it. Thank you.

Best regards,

This a wonderful system. Thanks for sharing it.
I like trading 123s, and I am starting to look more at the 15 min chart.
So this fits right into what I am doing now.

Just a little question. What part do the MAs play in it?

Thanks again

Hi Jeff

I only take the trade once the EMAs have crossed in the direction of the trade. It helps to filter out bad trades.

I must say that i do also look at bigger time frame and prefer to trade in that direction, the trend is your friend.

Cheers and happy trading.


How about using the crossover of Stochastics lines to help identify 1,2 and 3 ?