Forex trading strategy #21 (Those 4 Indicators)
Submitted by User on May 26, 2009 - 22:17.
Submitted by Nariman Ghanghro
Hi guys,
I've been looking at this site and have gone through almost all of the Trading Strategies. I'm just new to Forex markets and previously dealt
with the Traditional Equtiy Market for a long time. Currently, I'm working on CFD (Contract for Difference) market where I buy and sell the
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Hi Nariman,
After some analysis and demo trading, I have mixed this system with another one. I have left MACD out of the game. My first trading signal comes from the cross of EMA5 and EMA6 at H1 chart. After that, I check ADX, CCI, Stoch at H1 chart and the trend at Daily chart (if EMA5 and EMA6 have crossed there already to the same direction). If all those factors match, I take the trade at once.
Indrek
Nariman,
I would be very happy to hear from you why do you use CCI and not RSI, for example.
Indrek
Thank you guys,
Still one more question about Stochastic. I do not have the possibility to use Fast Stochastic. What settings should I use for Full Stochastic? Is 14, 2, 1 good, for example?
Indrek
Hi Nariman,
Do you mean that the histogram of MACD and ADX should be above/under 0 ?
I use the indicators that are included in my Meta Trader 4 and none of those two (MACD, ADX) have histograms...
Indrek
Nariman,
Thank you for your strategy. I have a quick question about the exit on this strategy. You describe above to exit once the signal has changed, but is that once everyone of the(3or4) signal indicators have changed or just once one of the four different indicators has changed in the opposite direction. Thanks again for your help Nariman
Derek
A good one. Thank you for sharing!
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