FREE FOREX STRATEGIES

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 feedback..so what SMA settings do you recommend?SMA 5 and SMA 12?

Regards,
Azim

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

Guys,

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

StochRSI_basic.mq4

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~

regards,
Azim

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

Regards,
Azim

Hi ...

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

http://forex-strategies-revealed.com/trading-strategy-basicbalanced

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

Thank you,
Azim

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.

Regards,
Marco


 

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