Complex trading system #2 (“2-Cross”)

Dear Valérie,

yes, you can certainly use Parabolic SAR for stops.
I haven't particularly tried to apply it for Oil trading, but I'm sure you can use it there too.

Kind regards,
Edward

what a fantastic site. stalin

Hi Edward,

Thanks so much for sharing these wonderful and definitely useful trading methods! Since my encounter with your website just a few days ago, I must say that it's really my blessing to have chance upon this website (I was desparate for a method to use after having lost alot in the past).

I just saw this 2-cross mtd this early morning and have been back testing on a few pairs immediately. I have a qn which I hope you can help me with - you mentioned that some other indicators may have to be looked at for exit signals for 1H charts. Is/are there some you can share?

Thanks in advance
brightdays

Hi brightdays,

try anything from these exit ideas:
http://forex-strategies-revealed.com/money-management-systems

Also, there are many exit ideas being shared in the comments under almost every single trading strategy. I realise that it's a lot of reading, but there are good things hidden in the comments. So far I haven't had a chance to sit down and collect all of them into one topic.

Best regards,
Edward

hello Edward

I am a newbie to Forex and I ve traded in demo account for three months in the forex.com website and then entered into a live account in fbs.com and have lost $550 USD within a week with the whole account wiped off.. And I came to know about myself that I am not aware of using indicators and strategies . Now I have entered into a demo account again to practice more and thats when I came to know of your well reputed website and I need some valuable advice on what strategies should I trade and also some tips . Plz also tell me how to open support and resistance in MT4 platform ?

I hope the best
Regards,
Balaji.

Hi Balaji,

Not an easy question to suggest a strategy, as I've seen the proof that what works for one trader may not work at all for another. As investors, we're all different.
Nevertheless, take a look at this forum topic, where I've mentioned some of the strategies:
http://forums.forex-strategies-revealed.com/advanced-strategy-the-midnig...

In MT4 you either need a custom indicator to help you with Support/Resistance, or you can tr to define those areas yourself, based on your vision of the market & your experience too.
If to use indicators, try this one: S_R_lines.mq4

Best regards,
Edward

Thanks very much Edward!

Here's wishing you a Merry X-mas and a very happy new year!

brightdays

Hello Edward

Thanks much for the wonderful work you are doing out there. I just bumped into this strategy and trying this on a demo. I understand what you said about the significance about the 100-SMA & 200-SMA. But two question related to this:

1. Is the 100-SMA and 200-SMA crossover something that you should care about?

2. You mentioned if either the 100-SMA or the 200-SMA crosses the candles, one can expect huge price change. Is there any way that this can be treated as an oppurtunity to rake in huge profits, probably by using some other indicators/strategies to identify the trend?

Thanks again and you are my new guru.

Jack