FREE FOREX STRATEGIES

Forex trading strategy #41 (RSI, Bollinger & 75EMA)


H1
RSI 14, 75ema, BB 20, 5ema shift 5

GOING LONG: When a candle closes above the 75 ema as well as the bollinger middle line, and the RSI line breaks above the 50 line or a resistance pattern, enter LONG.


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Hi

what is the difference between using BB20 and SMA 20?
What is the purpose of Ema 5?

what is the purpouse of ema 5.i think you dont mention about EMA 5

RSI has already been under the 50 line for a while, so it is not a valid entry; however, if you you look on some candles further you could see a 50 line RSI break upside and a candle closes above the BB middle line. Instead of shorting, you should take the long signal here.

Zseron

Don't think this is a rewarding strategy.. or I must be doing something wrong. Take a look at this picture. Going back looking at the EURUSD 1H chart, it's full with examples like these.. Is it just me?

RSI 14,
Bollinger Bands 20.

Regards,
Edward

what is setting for bolinger band and rsi

plz email me at hnyzah()hotmail.com

thanks for all

In MT4 when you call to insert a Moving average, (or you can also right click on the current MA on your charts and go to Properties) it offers you a settings window:

There, if you want EMA - change MA method to Exponential,
SMA - Simple, WMA - Weighted.

I'm not sure what's about MACD, try this one for a change:
Good_Macd.mq4

cheers,
Thomas

In MT4 where to get EMA n SMA..I noticed only moving average..
In my MACD im getting only two indicators, a cross hair and an average line, only two color options are there in properties, how to display one more average line..
Thanks..

superppppppppppppppppppppppppppppppp

Hi James,
don't worry, your strategies are coming next.

Best regards,
Edward

Hello Edward, I posted several strategies and u did post online. Please why? James (bondfx)


 

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