Forex trading strategy #35 (Azim X System)

Submitted by Azim

In this system, We use the following components:
1. 5-period Exponential Moving Average (EMA 5) applied to the Close.
2. 12-period Exponential Moving Average (EMA 12) applied to the Close.
3. 21-period RSI (RSI 21)
4. Bullish/Bearish Engulfing Pattern, Hammer, Inverted Hammer candlestick patterns.

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Hi Hi,

Thanks for the what SMA settings do you recommend?SMA 5 and SMA 12?


HI Azim,
i ve tested A LOT OF SETTINGS OF mOVING AVERAGES AND I GOT THE FACT THAT WILDER SMOOTH MOVING AVERAGE IS the best, AS IT HAS LESS NOISE THAN OTHER TYPES OF moving averages. and i think DAIly pivot fibo is a good choice for our target.
Happy trading


I think you may want to use this with this new improved version is called 'Stochastic RSI'


Oh by the way user,

This is almost similar to 'simple balanced system' but this system needs engulfing pattern or a hammer to confirm the entries. as i have tested before, i managed to get around 20-40 pips per day.

Hai User,

Yep this is exactly the same;)..i got it from john chen..i just want to share it to everyone here and try to improve this system=D..For now i am trying to test with stochastic too and its doing well.

Happy Trading~


Hello Marco,

Yes u may exit earlier if u are satisfied with the amount of pips you've got..that is just a recommendation for trying to capture the maximum profits;) anyway, i also prefer to exit earlier in hourly chart=D


Hi ...

this already posted before... i can't and changes other than the rsi settings...

Thanks for posting the strategy Edward=D..hope i can get feedback from traders=D

Thank you,

this like in ebook john chen give me :-)

I like it, Azim, but instead of exiting at the next signal of the EMAs/RSI I would set predefined SL and TP with a good risk/reward ratio, like SL 50 pips and TP 150 pips on the hourly chart.



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