forex trading strategy #29 (RSI & Regression line)
Submitted by User on January 14, 2010 - 14:30.
Strategy by Mennzz
Currency: ANY
Time frame: Daily
Indicators: Regression(14), RSI(7)
Details in the photo below.
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Submitted by User on January 14, 2010 - 14:30. Read entire post >>> |
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Hi, how long have you traded this method and did you do any backtesting before hand?thanks
Thank you, Edward, for sharing the regression line indicator for the Metatrader.
Hai All,
What currency do u guys recommend for this system and can this be applied to TF 15 mins or lower?
Azim
USD/JPY & AUD/USD and I'd add USD/CAD would do the fine stuff.
As for the time frame, I think RSI would give a lot of weak signals on 15 min, so probably 1 hour is the lowest I'd try.
Thomas
Okay Thomas i'll be looking to try out your strategy in 1 hour.i also use market scope besides mt4..
by the way, you're on live account?and how long do you use this method?sorry for too many question asked cause i am very excited to know some one who uses fxcm too=D
Azim
and Thomas,
When the RSI crosses the line(buy or sell)should i enter it right away?or enter the trade at the opening of the next candle?
regards,
Azim
Im looking forward for your next strategy,any idea when will it be?=D
sorry i think it was a mistake, i thought you're the author of this strategy..Im sorry, i mean Mennzz
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