Forex trading strategy #1 (Fast moving averages crossover)
Submitted by Edward Revy on February 28, 2007 - 13:07.
Trading systems based on fast moving averages are quite easy to follow. Let's take a look at this simple system.
Currency pairs: ANY
Time frame chart: 1 hour or 15 minute chart.
Indicators: 10 EMA, 25 EMA, 50 EMA.
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can i apply this strategy to a 5minute or 1 minute chart?
Theoretically, you can. But on practice it would generate lots of signals with many of them being weak.
Congrats, awesome forex site , really the best one I saw for beginners, ( and i browsed to a lot sice 2 months, since i started the fx challenge ).
As a beginner , please englight me regarding next 3 questions :
1)- What time frame is best to use the 10, 25 and 50 EMA's on ( u said 1 hour and 15 mins), but what on what of those works best ?
2) - What periods to use for the 3 EMA's for the daily time frame ?
3) - What periods to use for the 3 EMA's for the 4H time frame ?
Thank you .
Hourly charts are preferable.
I haven't used this strategy for larger time frames, thus I don't have best EMA settings to suggest.
But you may try combining any of next popular EMAs:
200 EMA,
100,
50,
34,
20,
13,
10,
8.
Regards,
Edward
Great Page you have!
a lot of stuff for to do paper-trading for the next month, on the way to find my own strategy. thank you. can i post some strategies in my (german) page?
thank you
(Dankeschön -like we say in german)
greetings from berlin...
Greetings,
Some partial re-publishing of the strategies you liked most is OK as long as you refer to the original source.
Happy trading!
Regards,
Edward
Hello Edward!
I will refer to your page, you can be sure about this. Look during the next weeks to www.forex-company.com.
Thank you and your Team
Greetings
Peter
hi
this site is really good.any one success in forex market and make good benefit.
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