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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Good afternoon,Edward!!
Whether it is possible this strategy will apply to other steam on Forex?
Bauyrzhan
Hi Bauyrzhan,
I'm not sure what you've meant by "steam", but
the strategy can be tried on other pairs and time frames too.
Best regards,
Edward
Would this system also work on a 15min chart? I'm far too impatient to wait for the results of a 30min or hour chart.
Cheers,
Karl
Hi Karl,
Quite possibly; the idea stays the same though.
Oftentimes, however, you need to have lots of patience with Forex in order to win. Compare it to the jaguar waiting patiently for the best possible moment to catch its pray. It could take hours in hiding to strike once.
Best regards,
Edward
I trade this sytem as per the original system outlines. In addition I use a 15 pip trailing stop. At 15 pips I close out half the trade and obviously the stop is at break even. I then let the balance of the trade run and close it out as it runs further.
Im going out of my mind here. It is like drawing blood from a stone. I make a few good profitable trades and then give it all back again, then make some money back and give it all back again. Is the Eur/Usd particularly unfriendly to trade at the moment or am I doing something wrong. Please Please Please help me.
I have been at this for many years now and my last system which was profitable for 8 months ran into trouble and nearly wiped me out. I desperatly need some help.
We need some direction bias for sure: try adding 55 SMA.
With it, take only Buy signals when price is above 55 SMA and only Sell signals when price is below 55 SMA.
Let me know.
Kind regards,
Edward
Hi Edward,
Thanks for your previuos comments. I know I should learn to be more patient, especially since I haven't found a profitable system that works for me yet.
With regards to your most recent comment: Is SMA an indicator? I can't find that one in my trading platform. I added an MVA 'simple moving average,' but it is not measured with those values.
Thanks,
Karl
Hi Edward.
Thank you SO much for giving me some feedback. Ill give that a try and see how it goes.
Regards
L~C~G
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