Forex trading strategy #3 (EUR/USD simple system)

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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i m user of mt 4 i have more then 2000$ in my ac how can i increse my worth max to max plz suggest me n what is best time to work on euro usd plz help me out.... thank you

your friend sanjay purohit


Hi fellow traders, i think this strategy works well if monitored to be able to make maximum gains. Has any one created its MT4 EA. Will really appreciate a copy. Good Luck to all forex traders.

Sammi, Ghana

your strategies can predict the euro/usd.

In MT4 the defaul MACD comes with 1 line.
Try this custom indicator: Good_Macd.mq4


Hi Edward, why my MACD have only one line ? thanks !

If you follow the rules, there is nothing you could do wrong. The time zone doesn't affect trading results.

Try switching to another strategy: in order to trade well you also need to have confidence in the system you're trading.


Hi Edward,
I used this strategy and made some money. But lost more :(
But i have confidence in this strategy bt i feel im doing something wrong and reacting on the false signals ther any way to confirm the signals?
I trade in singapore.

EURGBP, USDJPY - I use it.
GBPUSD - just started.

this method work fine is one hr and four hrs

Can this method be used for other currencies?

loosing in forex try trading in higher tmeframes 1h and above and test a strategy atleast for a week

Parabolic SAR Buy signal - the SAR dot is below the candlesticks.
Parabolic SAR Sell signal - the SAR dot is above the candlesticks.


I am Amos
Great site,
Please how do I know a Parabolic SAR buy/sell signal

Hi Lloyd,

I can think of many ways to re-work it, but what I can't afford nowadays (time-wise) is a long enough testing of the new ideas...

First of all, see if you like:
- 100 WMA instead of 55 SMA. While showing almost identical curves, it does a slightly better job in smoothing out questionable corners.
- try 4 hour charts for a change.

Below is the 4 hour EURUSD in August:

It doesn't look that ugly here, considering that the month of August has tested many strategies to the limit: high volatility combined with an extended trend reversal is tough to capitalize on.

So, what's on the above chart:
1. Heiken_Ashi_Smoothed.mq4
2. MACD_AllcoloredMM2_4.mq4
3. 100WMA.
We use the same idea - trade only in the direction of 100 WMA, MACD red - sell, green - buy. Instead of SAR we'll use Heiken_Ashi.

(Also, another idea, possibly: just test to see if it makes sense to keep this 4 hour chart and use its signals while trading the same old strategy with SAR on 30 min as you used to).

Kind regards,

Hi Edward.

I would like to ask for a bit of your time if I may?

I have been trading this system cosnsitently for around six months now. Following the rules exaclty as they have been laid out through out the entire board.

I find that some months, particularly August this year. The loss was so great that it seriously puts a huge dent in the previous months profit. almost resulting in a break even situation over two hole months.

What I have also noticed is that in most months there is generally one or two massive trades that net 150 - 300 pips. If you happened to miss any one of those trades, that month would result in a loss. So all of you other trading efforts amount to zero most times.

I trade a 3% risk per trade. My lots sizes are based on the SAR stop. I only trade in agreement with the 55 SMA trend. I only trade when the MACD crosses above or below zero as per the rules. I use the SAR trailing stop for exits and yet I still run a really pointless return after 16 hours a day of chart time.

Is there anything you could think of that I could try to sharpen this system or is there a better system you suggest I try? As mentioned, I watch my charts for an average of 16 hours a day (self employed)so I am not scared of putting in the effort.

I have studied tons of systems and indicators, I have traded this system with extreme discipline yet im still coming up short. I have looked a tons of additional indicators and additional signals I have learnt over the years to try and get a better result form this strategy with minimal success. I always seem to land up a filtering out the good trades with the bad and land up back at square one.

The political climate where I live is touchy and I would really like to start to build up a dollar based safety net if things ever go pear shaped here, So I dont expect to become rich over night or even need to draw any funds right any time soon. I would just like to start seing some possitive growth.

I am not really comfortable with scalping. The 30 min / 1 hr chart is my perfered choice.

Do you possibly have any advice for me as to which direction I could look at?



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