Forex trading strategy #3 (EUR/USD simple system)
Submitted by Edward Revy on February 28, 2007 - 15:13.
As we move forward we discover a strategy that fits only chosen currency pairs.
Take a look at the next Forex trading system:
Currency pair: EUR/USD.
Time frame: 30 min.
Indicators: MACD (12, 26, 9), Parabolic SAR default settings (0.02, 0.2)
Entry rules: When Parabolic SAR gives buy signal and MACD lines crossed upwards – buy.
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Hi Karl.
Insert indicator - Trend - Moving average (on Metatrader)
MA methond = Simple (SMA - Simple moving average)
Period = 55
Regards
L~C~G
I see,
Thank you. That's my problem, I use a micro account so I don't have access to metatrader.
Cheers,
Karl
Hi Karl,
SMA - simple moving average indicator can be found on any platform without exceptions. What platform do you use?
Regards,
Edward
hi im sebastian
i found this strategy very weird i did some back testing and i found out this , 30 trades without a fixed stop loss would end on 25 pips total gain, but if we add a 30 pips fixed stop loss the total gain for the 30 trades would be around 161 pips, its a big deference huh? now a better one ..if we set a fixed stop loss at 30 pips and also a limit order at 60 pips, where our exits will be if macd crosses back again or if the stop loss get touched that would make all our loses less than 30 pips and our maximun risk would be 30 pips . our take profit would be if the limit order is touched at 60 pips or if the macd crosses back against us !!! i backtested it, for 30 trades our gains will be around 171 pips, so it proves once again, that money management works!!! try it guys !! thank you for this site its been so useful and i have learned a lot , keep up the good job guys !!!
Thanks! Good tests, good one.
Hi Edward
Thanks for sharing the idea. Just one question, the SAR signal from Oanda and IBFX dont seem to be in sync. One showing sell signal whereas another still on upward trend.
Any idea why this is happening. The settings are the same.
Kind regards
vela
Sorry, vela
I have no idea why his happens.
Have you tried to ask Oanda or IBFX the same question?
Regards,
Edward
I tried forex some time back and totally lost my mind! After getting in to stocks and teaching my self that patience is my friend I am getting back in to forex 2night.
I have these indicators on a 15min EUR/USD chart now along with long term resistance and a shorter period of support.
Hopefully I have more luck than last time :-)
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