Forex trading strategy #9 (Teodosi's Moving Averages tunnel)
Submitted by User on September 20, 2007 - 08:21.
This Forex system was submitted by Teodosi.
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"Hello guys i want to help all of you and i want to share you some good system.
Like many traders say good system is simple one an that`s why i`ll tell you one very simple.
This is......
- 1H (of 30MIN, but you will get more whipsaws) candlesticks/bar charts
- 18 EMA & 28 EMA (put them in red)
- 5 WMA (in blue) & 12 WMA (in yellow)
- RSI = 21
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Hi Mirek,
I can't see the file.
Please post a link to the uploaded file in your comment. Thank you!
Best regards,
Edward
Hello,
my name is Mirek and I'm from Czech republic.
I'm trying this strategy and It seems very good. But I have got a problem with WMA curves.
If I set all parameters (for EMA and WMA) as you recomend, so EMA curves are OK. But my WMA is diffrent.
All you can see on the picture. I use the same time part as on the graph on page 8 in this forum(you can compare it). Green and blue curve is EMA. White curve is WMA 5 - it seems OK also. But red curve(WMA12) is on diffrent position - between EMA28 and 18.
Do you know where can I have problem?
Thanks a lot!
Mirek
am soo hanging on this strategy av shifted to 4h coz the 1h is truly having alot of whipsaws am not a fun of less time frames anyone else with the same sentiments
Hi Amos,
all EMAs should be applied to Close.
For WMA - Linear Weighted is what you need.
Kind regards,
Edward
Thanks you very much, I am Amos, please is the 18 EMA, 28 EMA 5WMA and 12 WMA Close or Open, and how do I apply WMA I have Linear Waight in my platform are they the same? Thanks
3 years down the line and this strategy is still profitable i think the author must have taken time to really test it and come up with it thenx
hi user,
what do u mean only for the hour the mov avg break through?do u mean when the 18 and 28 cross?i want to strictly folloe this strateg this week am still wondering which time frame has best resulst and which pairs
i would love to hear peoples response this thread was posted long time ago and may be some things have changed may be.
I got some good results with one little change to this. I make sure the rsi is going on an angle . Up for a buy down for a sell. Only for the hour when the mov avg break through. This month it saved me 329 pips. Giving me 1726 for the month. 432 pips a week
thenx szeno thats awesome let me try that next week al get back to you
av also noticed the strateg is profitable in usd/chf 4h which other pair have u tested with positive results?am personally being eaten up by emotions am still abit new keep me posted pls
GBP/JPY setting 18,28,5,8 Stop-Lose 100 I buy 4 order firs sell 30 pips-80,150,and last when 8WMA cross all other line and buy the next order.
best system EUR/USD 2 HOUR sett. 18,28,5,8 I buy 4 ord. sell 50,100,150 pips and last when 8WMA cross again all lines,and make new 4 order you will see 80%-90% all order are positive
check 13.08.2010-05.09.2010 make 1000 pips I think EUR/USD 1 hour to many lose order!
Szeno
Szeno,
am also on gbp/jpy what do u mean TP 30pips second when wmA 12 cross EMA 28 also i havent heard anyone stressing on importnace of trend its difficult for me to identify the trend in gbp/JPY can u help me szeno
thenx soo much edward Teodosi
njoki
kenya
The best system are GBP/JPY 1 Hour SL 100 TP 30 pips second when WMA 12 cross EMA 28
szeno
I like to use the daily or 4 hour charts for direction then, I use the 1 hour or 30 minute charts for entry. I wait until price pulls back to the 18ema before
I enter a trade. My stop loss varies and I use pivots and s&r for exits.
Dear Wong,
You seemed to be really loving this strategy. So can you please tell me how dependable is this strategy. Out of 10, how many positive trades do you get. Is it 80-90% successful.
I have been trying really hard to find a strategy that has a risk:reward ratio of 1:1 and a success percentage of around 90%. Is this the one? Thanks
Hi User
I'm only trading the mini and at the most, 2 trades at a time. Its a great strategy for entering. But for exits, well, I agree with you that its not that great. I set my exits based on S&R on daily charts.
I started this strategy as a complete beginner to forex so I wouldn't agree that this isn't a good strategy for beginners. Just have to be more careful of the exits. I think its best to set a target exit rather than wait for the signal to change. Sometimes by the time it changes on the hourly, you are already in the red.
But on the whole, I luv this strategy. And I just love Teodosi :)
Wong
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