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Forex trading strategy #1 (Simple balanced system)



Submitted by Edward Revy on February 28, 2007 - 14:49.

Current Forex trading system represents a well thought and very simple combination of indicators. Knowing what signal to look for with each indicator, provides a strong tip for good entries and exits.

Time frame: Any.
Currency: Any.
Indicators: 5 EMA, 10 EMA, Stochastic (14, 3, 3), RSI (14, 70, 30)

Entry rules: Buy when 5 EMA crosses above 10 EMA and Stochastic lines are heading north (up) and Stochastic is not in overbought position (above 80.00 level) and RSI is above 50.


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Submitted by User on November 8, 2011 - 07:41.

What are emas, rsis, stochastic. Quick glossary?

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Submitted by Ojukwu Nnamdi on November 25, 2011 - 05:49.

Goodday Sir,
Let me start by thanking for revieling a few of your fovorite strategy to me.
Sir people still undermind the power of one of your strategies called the balance basic system.
infact aside the midnight stratedy i find this strategy second to none, cos each time i use it my trade breaks even without fail.

Here is the problem i have. presently i trade only eur/usd with this strategy there fore i find very few trading opportunities in the 4hours and 1 jours timeframe.
Sir i would like to ask you a question.
1. which other currency pairs performs well with this strategy.
2. which currency pairs are highly correlated to eur/usd

thanks for your anticipated cooperation.
Ojukwu Nnamdi

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Submitted by User on January 8, 2012 - 15:55.

hy Ed you have the best site I've joined
in this system let's stay that ema cross stoch is not in overbought but RSI is not over 50 if in next candle at her close RSI>50 we can buy?

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Submitted by fobax on January 30, 2012 - 17:31.

Edward,
Can we apply this to trading US Dollar?! or do you suggest another system for trading US Dollar.

P.S. just the dollar, not pairing with other currencies.

Thanks
fobax

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Submitted by User on March 5, 2012 - 12:49.

hello sir i m newbie i wanna know what is EMA pls reply me

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Submitted by User on March 10, 2012 - 08:32.

EMA - exponential moving average indicator.

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Submitted by Willie on May 3, 2012 - 12:08.

Hi Edward,
may I know is this system still valid? I have been trying out the system on various currency pairs since Monday on 15 min charts live but I have encountered a majority bad trades and failed to capture the major trend of USD strengthening against most currencies. Any advise you can provide?

Thanks
Willie


  
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