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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I use the latest fractal to set a stop.
In MT4 you may find this indicator under Menu/Indicators/Bill Williams/Fractals.
If you don't see it there, then just download one online.
August
Hi August,
Thanks for the feedback on Fractals and the attached chart explaining it!!
Regards,
Mathew
Che cosa sono le medie mobili "WMA"?
Grazie molte.
Trader Di Carlo Dario
deepak1@aliceposta.it
WMA stands for Weighted Moving Average.
This indicator is available on every Forex trading platform.
thank you. your strategy works very well.
thanks for sharing.
PLS MR TEODOSI I REALLY LOVE UR SYSTEMS .BUT MY ISSUE NOW IS I USE META4 PLATFORM AND I DONT HAVE A WMA.ALSO I DONOT HAVE ANY IDEA ABOUT THIS TYPE OF MOVING AVERAGR CAN YOU PLS ENLIGTHEN ME ON THAT.
PETER,NIGERIA
Hi Peter,
MT4 platform has WMA indicator. You'll find it in Trend indicators -> Moving average -> change MA method to: Linear Weighted.
Regards,
Edward
Hey This is a really good system, I've implemeted it 4 weeks ago and have averaged 115 Pips per day trading only the Eur/USD and GBP/USD
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