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!
I have question about the WMA indicator. Is it called Linear Weighted in MT4 or am I miss understanding something?
That is correct. In MT4 WMA - Linear Weighted.
Regards,
Edward
late entry late exit.
Hey Everyone,
I am currently in college and have been looking for ways to trade forex. I am completely new to this whole system, and so far this website has provided me with insite that I have not received anywhere else. So far I have had the best results with this technique. Thank you both, Thomas and Teodosi, and keep up the good work! That is both a request and compliment...
Is it a requirement to wait for the indicators to cross AND the most recent candle to close? Or do you enter the trade as soon as the indicators match up regardless of current candle status?
Thank you.
A candle should close, making indicators fixed, then enter.
Hi
What currency would you recommend with this system?
My suggestion:
EURUSD, EURCHF, EURGBP, USDCAD, USDJPY.
RelT
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