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Forex trading strategy #36 (9 & 100 SMA cross)

Hello Guys,

I just found out a very good strategy based on trend which can grab 100-200 pips per trade. originally I am not the one who create this method but i just want to share with you all because i have some difficulties in exiting the trade and maybe on entering the trades(during ranging) too but hopefully we all can sort it out to filter those false signals.

Pairs
Any..Currently i use GBP/USD

Time frame
30min-1hr and it may be used for scalping

Indicators
9 SMA on close
100 SMA on close
RVI = 100 (relative vigor index) same as Sidus' indicator. (THIS INDICATOR IS NOT NECESSARY I(the author) USE IT FOR MOMENTUM MAINLY)

Method
LONG - When the 9 crosses above the 100 SMA Buy and it helps if the RVI is above 0
SHORT - When the 9 crosses below the 100 SMA Sell and it helps if the RVI is below 0

(EXIT)
Close your position and reverse it when the 9 crosses back or Close the position when the price crosses back over the 9 SMA by 20 pips.

Additions
You may generally have periods when the price may whipsaw 1 or 2 times in a row, but 80-90% of the time when the 9 crosses the 100 you will catch an awesome move.. I trade only the GBP/JPY on the 1 hour (1 to 2 trades a week)

Let's get together and run this system to see how it goes.

Here is an image of the system in play.

I prefer the 1 HOUR CHART. You don't even need the RVI, but i use it to confirm the momentum(According to the author of this method)



Thanks For posting this strategy Edward;)

this is the strategy that i mentioned last time which i wanted to post it..basically the entry is good,its just about exiting the trade...hope we can find a better solution for the exits.

Azim

What the periode we must use for the RVI ? Regards: Manus168.

Is SMA 'Moving Average'? So this strategy have no Stop Loss? regards RR

The period for RVI is the default settings..RVI(100)

Azim

ohh sorry RVI default settings is 10...anyway we use RVI(100)..hehe

Azim

Dear Edward,

I have a ZigZag indicator which is not repainted, i found that it is very useful to support decision in making entries but i think you could make it better to combine with other strategies. any suggestion?

here is the indicator :

High_Low_v2_ZigZag.mq4

regards,
Azim

oh by the way, any idea how to filter the entry?and also how about the exits?will it be reasonable if i use trailing stop?

Looking forward for your reply,

Thanks,
Azim

sorry i forgot to tell you...the zigzag indicator can be set 1 to 6..please kindly let me know how to make full use of this indicator to be combined in any of your strategy

Azim

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