Trading method #1 (9 EMA Entries)

Hi Toju,

to save a file properly (if that's what you meant) you have to use right mouse click and then "Save as..."

Regards,
Edward

Hi Edward,

Thanks to you for a great job you are doing here.

How would you use this 9 EMA method with your double stochastic strategy (found in the simple strategy list)?

Kind Regards

Picco

Hi Edward,

why you use RSI at 6 and not 14 ? I read that in some comments here.

thanks in advance.

Paul

Sorry Edward, the double stochastic strategy is in the basic strategy list.

Hi Picco,

the simple rule of using 9 EMA method with any Forex trading system is:

whenever the system rules say "Enter when... (conditions)", insert an additional rule about 9 EMA, e.g. "...and price has closed on on the other side of 9 EMA". That's it. Should be easy to apply to any strategy.

Best regards,
Edward

Hi Paul,

RSI 14 sometimes reflects the market slower than needed. Therefore I may use RSI 6 when I find it suitable. It's my own preferences, while the standard settings for RSI are 14-period.

Best regards,
Edward

HI EDWARD,
I really admire you... helping trader the way you do, answering even the most dull questions! that's very nice of you man.
As for me i am a greedy novice, my name is Rayan from Lebanon, i trade the GBP/JPY. Since i read this post (few months ago) i added the 9 EMA to my chart and i've been making some profit, much appreciated!..
My only problem is that i don't have a reliable strategy (i'm only using one indicator with the 9EMA, bigger time frames to identify the trend).. i was wondering if you can show me the way to form a good strategy of my own for swing trading the generous pair GBP/JPY.
Regards and thanks again.

Hi Edward

why do u use ENA 9 with RSI@ 6 and not 14 period ??

thanks in advance

Paul

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What should I set my RSI to for 15min or 1H chart?

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Submitted by Edward Revy on July 9, 2009 - 08:07.
Leave same settings: RSI 6.

Regards,
Edward