Forex trading strategy #1 (Simple balanced system)

Hi, Edward,
Thank you for your efforts putting this together.
I have no forex eperience and open a demo account with Oanda-Broker recently. I found your website and have been reading the posts and testing the set-up every day.
when readng "Forex trading strategy #1 (Simple balanced system", I found that the indicator being used here is the same as the indicator used in " Advanced system #3 (Neat entry: RSI + Full Stochastic)", but the set-up are different and entry /exit are also different.
I'd like to know if there is any contradication in these two methods. I just want to make sure these two methods are totally different and I don't confuse myself.

Thanks for your time.
Jack

hi,

This is Sam. I have been trying out this strategy since dec 2010. The first month went very well giving me ~8 out of 10 profit trades. Each one with about 40-60 pips in H4 tf.
But the month of jan was a total bummer. I just kept making loss trades and wiped out the entire profit i had made in Dec and some more.
I cant figure out why this happened. I changed nothing. Continued using the same indicators for confirmation (Stoch and rsi) and yet i made the losses.
Could the time of the year have something to do with this ? If yes, how to avoid these unfavorable time periods.

Hi

I have tasted This strategy and resoult is that is doesn't works with sidewaves. you can add filter (indicator: adx setting 14)

If bullish direction is d+ d+ must be above 22 % of adx. This addition helps us to avoid some false segnals and to trate only with trends. This sistem works very good with euro usd 4h. i have tasted this, but strategy can be effective with other time frame and currency. you can taste is yourselve.

Thomas,
What trading platform do you use?

EMA stands for Exponential moving average.

Take a look at the following explanation of the indicator: EMA indicator

Regards,
Edward

Hi

I'am an Amateur in Trading an i would like to know what the indicator EMA is?
Is that the Movin Average? But i can only set: Period short, Perdiod medium and period long. And settings on picutre is EMA 5 and EMA 10.

Sincerely

Thomas

Thank you R., wish you Happy and wealthy holidays!

Your strategy has been published on a new dedicated page:
http://forex-strategies-revealed.com/simple/sft_simple_startegy

Best regards,
Edward

Hi everyone ,

As i promised while ago , i am bringing my whole setup for this strategy. I have been trading live for quite some time and this TA is one of few lasting without major optimization for couple of years. ...

Hi Guys,

Try williams R % along with stochastic you will find winning trade.

Regards
Anand
http://mt4-expert-advisor-reviews.blogspot.com/

Hello, after testing the system, i found it the best when i use Ema 20,. Try it! i use it in hourly only.

Hello... i want to ask.

to make it better, should I use SMA 20 or EMA 20?

and for people who loss with this strategy, i think it the solution :

1. Discipline, never open when rsi doesnt across 50
2. use trail stop (in indonesian, we call it SL+)to keep the profit. when you get green 15 point, you set the SL +8 so when it goes back, you still got 8 points.
3. add SMA / EMA 20 (which one ed?)

- wolf - wolfrushes()gmail.com

15 min to 1 hour.

which is e best time frame to use this?

I guess my comments got lost ? Bummer . It took me a while to put it together

The indicator is usually called "Moving Average", where in the settings you'll change it to Exponential (EMA) or other type.
Speaking of the very basics: indicators are found on trading platforms. Every Forex broker offers a trading platform, which you can install and use at no cost.

Regards,
Edward

Good day everybody
This is quit a unique site. Please can you tell me how and where to find the 5 EMA, 10 EMA indicator?