Forex trading strategy #17 (Teodosi simple system)
Submitted by Edward Revy on September 20, 2007 - 04:59.
This Forex system was sent us by Teodosi.
We are proud to have such users willing to share their thoughts,
ideas and systems so that others can learn and trade Forex even more successfully!
Thank you, Teodosi! Your contribution is greatly appreciated!
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"Hello guys i`ve been using one very profitable system and i want to share
it with all of you. If anyone has any suggestion i`m open to hear something
new to add in it.
This is my system.
I use 1h chart on GBP/JPY with Stoch(5,3,3) and RSI(7). My idea is this ...
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Hi,
I won't be able to guide you through setup steps on chosen trading platform. I simply can't know all of them. I'm very sorry...
Try asking your broker to help you out or at least request a manual that will describe basic steps of setting indicators on your charts.
Kind regards,
Edward
hi edward,
how about metatrader 4, or what do you recommend?
thanks,
kc
Hi, kc
Metatrader 4 is a good platform. In fact, some traders prefer trading only with brokers that offer MT4 platform.
But, what I would recommend is to find a broker first. There are many factors involved besides just a trading platform (such as spreads, leverages and margin requirements, min max lot sizes etc etc).
Once you made your choice and selected a few brokers, test trading platforms they offer. If they suit you, demo trade with that broker for a while, if not - move on.
Regards,
Edward.
hi edward,
thanks for your help. i would like to know which broker are you using or which broker do you recommend? also, i tried to set the stochastics with fxcm's trading station but the lines look funny! not like the lines like mr teodosi's chart.
best regards,
kc
Hi kc,
Happy holidays!.. and sorry for this delayed answer. I love this time of the year and tried to enjoy it to the very extend!
Most often it is not about trading platform appearance, but rather about its performance and, most important, trading conditions you're going to accept from a chosen broker.
It is quite difficult to suggest a broker without knowing traders' specific needs and preferences.
Let me give you a link where you can search to a broker with different criteria.
http://www.100forexbrokers.com/
All-in-all Forex brokers nowadays are in a very aggressive competition, so conditions may always change and some good offers and improved trading platforms may emerge.
My best advice would be to demo trade with a broker whose trading conditions you find suitable and then invest some small portion of your capital to make further live testing-trading before trusting your entire investment to them.
Best regards,
Edward.
hi Teodosi,
Sorry please,Do U use marketiva.I think the platform u displayed seems like theirs. I really like the platform but was informed by someone that they are fake. What do U have to say.Curiously expecting your reply. Thanks
Authentic
Hi Mr. Teodosi and Edward...
I need to know something about entry... For example for sell we enter for ssto(5,3,3) to cross from overbought region and then see candlestick movement i mean valid combination then enter...or if we see valid candlestick combination before crossing of ssto from overbought region and wait ssto to cross each and then enter... plz respond ... ofcourse this system is really great and highly appreciated... i just need to know wnen to enter...?
Thanks...
Hi,
It can be either way. the goal is to get both signals (candles formation plus Stochastic) in place. It doesn't matter which comes first.
Regards,
Edward
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