Forex trading strategy #9 (Teodosi's Moving Averages tunnel)

Hi Azim,

Hmm.. I don't know..
May be it's rather about RSI reaching the top/bottom..

Reagrds,
Edward

Hi Edward,

haha okay2..by the way, just wanted to give a feedback on this system...well for sure it is very profitable but need to have patience cause although i'm using 3 pairs(EUR/GBP, EUR/USD, GBP/USD) i need to wait at least for 2 days waiting for the tunnel to cross.and probably 3 days..i havent entered any trades since tuesday so hopefully there will be a signal today..

Once again Thank you;)

Take care,
Azim

I have an EA programmed for this that I paid to have programmed. Backtesting results were not very good, maybe the next strategy I have programmed will be better. Feel free to play around with it maybe someone can figure a better currency or better way of optimizing it, let me know if you do.

Thanks

Teodosi_EA.mq4

Hi first of all tanks to Edward for the great website where i so this strategy and tanks to Teodosi for this strategy OK the point is that i maked some changes to the strategy whit great resultats

1 I use EMA 18 and EMA 28
WMA 5 and WMA 8
2 The rule is this i open a sell/buy position when WMA 5 croses the EMAs or the WMA 8 up or down
I dont wait for WMA 8 to cross the tunel i nouthes that i lose a lot of pipes up to 50 pipes
If you whill look you whill nouthes that the WMA 5 it whil give the signal whit the same pipes but when it close it whill close whit 10 to 25 pipes faster
Il give you a example i trade from may 20 to 02 jun and the results are amazing
Whit the original strategy I maked 577 pipes and whit this i maked 948 pipes
Thats 371 pipes more then if il use the original strategy this was tested on four major currencys only in two weeks
I hope you understand my bad english bicaus im a romainian and i hope you whill get the same resultats whit this strategy Good luck
Name Sfintul666

Hi Edward
I want to say a big thank you to you for being so generous in sharing this site. I have been trading forex for 1 month now (on demo account). I wanted to see if I could make $50 a day. And on average, I have been making between $30-70 daily doing 2 or 3 short trades for a few hours or overnight. Only based on 2 strategies (one I tweaked a little) found in this site.

Now I would like to ask about this strategy. I do not have WMA on my charts. I am using TOS. There's only EMA and SMA. Can I change the WMA to SMA?

Thanks
Wong

Thank you, Wong

in that case, yes you can use SMA instead of WMA, that would be the closest one.

Kind regards & happy trading,
Edward

Edward
Pardon me for another comment. But its only to say that I found the WMA on TOS. The others are listed under MAs but this one is listed as WMA so I didn't find it the first time round! Sorry for having troubled you.

Incidentally, this is only my observation of my first day trying this system. But I've put it a couple of trades. I find that those I set the TP and SL with the fractal is more successful than those using the Daily Avg Range. Because a big candle gets my trade stopped out before it reverses. With the fractal, the profit is smaller but more likely to reach. But I may be wrong as only 1 day and maybe too soon to tell.

Thank you, Edward.

The EMAs above/below the WMAs depending on direction. Does it matter which EMA is above - i mean, does it make a difference if 5 is above 12 or vice-versa, or is it okay as long as both are above the red tunnel for up direction?

Verna