FREE FOREX STRATEGIES

Forex trading strategy #21 (Those 4 Indicators)


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


Read entire post >>>


 


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!


 

Post new comment

CAPTCHA
We read every comment. Proceed if you're a human: