Forex trading strategy #26 (EMA cross + Stochastic)
Submitted by User on December 21, 2009 - 11:39.
Submitted by Arsalan, our valued contributor.
Hi friends
I have been following this system for quite some time now, and believe me, have never had a losing day.
The system is very simple and though I cannot guarantee massive profits, you will get consistent returns.
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Hey guys, try RSI with the Stoch in 30 min chart. Go long when RSI and Stoch both moving upward in 30 min chart and go short when RSI and Stoch moving down. Enter a trade only when both moving same direction. Backtest it and you will get the result.
Rgds
Rajib
you should try, it must work for daily Stocks as well.
Can anybody tell me about a system that can be use in daily time frame in stocks.
Rgds
Rajib
This is a great strategy and it works consistently.
I am using this strategy, works great
is there anyone still using this strategy ?
great job edward and arsalan. May the pips be with you
How many trades per day do you get on the average? How is W/L ratio?
The system uses 5 EMA, 13 EMA and Stochastic (8,3,4).
Regards,
Edward
may i ask, whats the indicator and setting for this system? i dont seem to understand..thanks
Try this link:
MACD divergence.
Thomas
Hello there, does anyone has any good idea about trading divergence? I'm new and want to just know more about it.
Hello everybody,
Long time not been at this site...
I cannot agree that this is too simplistic for real trading. Newbies are after a lot of indicators and very messy charts, good traders try to avoid indicators as much as they can and keep things simple.
Arsalan has described a very good setup here. But trading it from M5 & M30 is a waste of resource :) Choose H4 & daily and you win without watching the stupid screen all day long. And I would prefer 14,3,3 settings for Stoch but this is a matter of taste, of course.
Cheers!
Indrek
This is a very simplistic approach that is good for newbies who make their first demo trades and just want to get the first understanding about the forex market. But it is absolutely unsuitable for trading with real money.
Hi friends,
This system is very reliable as i mentioned in the strategy but the only drawback is that it sometimes gives false signals in range bound market so please use it carefully.For more info on using appropriate system refer to my system selection technique in advanced strategy section.
Happy Trading,
Regards,
Arsalan.
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