FREE FOREX STRATEGIES

Forex trading strategy #32-a (4hr MA Trends)


Submitted by Egudu

This is Egudu, I want to give you guys a cool system and it's simple.

Indicators: 5 SMA applied to close, 14 SMA applied to close and EMA of 144 and 169 applied to close.

Pairs: any

Time Frame: 4hrs only

Explanation:

The 144 and 169 gives the direction of trend, I mean when 144 above 169 it's an uptrend and if below it's a downtrend.

You use the 5sma to enter the market in the direction of trend while you use the 14sma to enter against the trend.

In the direction of the trend given by the two ema, when a candle closes below the 5sma for a sell and above it for a buy, while if against the trend as given by the ema, when a candle closes below the 14sma you enter a sell and above it for a buy.

Stoploss is always the high of the signal candle or low.
Now this system is pretty cool and wonderful, suggestions and questions are welcome. Thanks.

I have attached charts for visuals:







Edward Revy,
http://forex-strategies-revealed.com/

Copyright © Forex Strategies Revealed

Hi Egudu

Are you still using this strategy?

I have blended it with a strategy of my own with promising results.

A

sorry i cant understand there are many more flaws in it ,this is not working at all

hi egudu
some clearifications i require
1) which candle is important for trade the one which is touching the 4 or 14 sma lines or on any position a trade can be started , as 5 sma line is touched by any 2nd or 3rd candle ,but not 14 sma line now if i like to enter against the trend then will i wait for the candle which touches the 14 sma line because only few candles are touching the 14 sma line
2) as this is a 4 hour chart what is the time to enter trade ,is it when ever one like to on the signal of second last candle or one should wait for the last candle to complete
thanks

Hi Davidson,

the largest list of Forex brokers who use MT4 or other platforms can be found here: Forex brokers

There you can search for a broker that meets your trading needs.

Best regards,
Edward

Thanks, please i want you to send me names of Forex brokers that do not uses MT4 platform,to use along with this Good strategy.Davidson---[email protected]

Arguments not related to the strategy discussion have been removed.

Regards,
Edward

Just want to say that Ive tried your system and has given me 55% profit in a week, never risking more then 10% of my bankroll in a single operation. It looks real good, and adapts to my needs. I apply your system to daily charts aswell. The bad trades are there too but the good ones overcome these ones. Scammer or not, :) Thanks!

That's not what i mean,when the 144 is under 169,it means we have a down trend and you make your entries using the 5sma and to go against that trend as given by the 144 and 169, we use the 14sma.

So, you are saying that
"If the 144ema is under the 169,then we have a downtrend, we only refer to 14sma."
"If the 169ema is under the 144,then we have a uptrend, we only refer to 5sma."

To Reza,i am finding it hard to reply you using yahoomail and i am sorry i saw your mail late, so here's the answer:
the 144 and 169 shows the trend,that's what they are for,just to show the trend while we use the 5 and 14 for entry only.like i said, 5sma is use in entry the trend according to 144 and 169 while 14 is use in entry against the trend as given by 144 and 169. so we not particular about what the market is doing relative to 144 and 169,they just give us the trend direction,thanks.

Ok,what i meant is that,if the 144ema is under the 169,then we have a downtrend, so to enter a buy in that case would be only when a candle closes above the 14sma and the opposite for a sell.

"while if against the trend as given by the ema, when a candle closes below the 14sma you enter a sell and above it for a buy"

Could you elaborate above using chart?

Thanks

now like i said i really want to help traders in this forum,for a quick entry, i use a kind of candle pattern, and here is it,when you have a candle having the same open and high after a three candle uptrend, you enter the market for a sell, and the reverse is for a downtrend.this candle pattern is almost magic,just look at it,there all other ones i use which i guess i would tell you guys,so enjoy and ask me any questions, and i would recommend that you guys check out the 1hr reversal system.i would have love to post charts on it but just check it out first then make your observations,thanks.

Egudu.

egudu.

Thanks to all, i would say there's really no exit,just use a trailing stop to trail it,or whatever your stop loss is, just target twice or thrice it.And for confirmation using stoch. or other stuff, i really dont like it,just enter when the signal says so, and even the whips that result to loss are small when compared to the profit from it if u follow it.i am still open to suggestions.

Good and simple system. When do you exit the trade on profit? Thanks.


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