Forex trading strategy #36 (9 & 100 SMA cross)
Submitted by User on June 3, 2010 - 15:15.
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.
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Hi,
Could you elaborate on how would the default RSI (14) would get you out of a better spot?
I backtested this strategy for 2 and a half years and had a net loss of 2379 pips. Never made a profit.
I'm a Newbie, but from what I have learnt, it looks as though this strategy is good for a trending market. If market is sideways then you aren't going to get many pips from this, and you would adapt strategy accordingly.
what system did u use to backtest?
i tried it, initially it works due to a strong trend but because there not a good stop loss to protect the gain.. the gain turns to loss.
it won't work if there no strong trend and no stop loss
where did i get this statergi afl.pl let me know
this system is really good.u can put sl in 100ema.when 9 cross 100 from avobe u can take long and u can put sl in few pips down from 100ema.same strategy in short.i put tp always 200 with this system.
One love i believe your system Azim, from CK.2X.
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