Complex trading system #2 (“2-Cross”)
Submitted by Edward Revy on April 19, 2007 - 16:34.
Currency: GBP/USD (preferred) or any other.
Time frame: 3 hours (preferred) or 4 hours.
Indicators:
SMA 200, SMA 100 – these are two influential SMAs; you will find price “obeying” their boundaries.
SMA 15
EMA 5
MACD (12, 26, 9)
Read entire post >>>
hi all,
I have one question when the cross will be valid ? I can't determine it until now.
thanks
hi people.
The SMA, is simple or smoothed?
Somebody could help me?
Regards,
´
Daniel
MACD - look for Good_MACD.mq4 - there will be 2 lines.
SMA stand for Simple MA.
Thomas
From PaulW
Hi Edward,
I would appreciate your view on the following 2 observations I have made.
1. Because of work I am not able to devote time to trade 4H so I intend to trade the Daily charts with this system. What words of advice, if any, can you offer me?
2. Secondly, I note that the 100SMA and 200SMA are (obviously) at different levels in the 4H and Daily chart. What should the rule be when the one time frame is saying “go in” and the other is saying “stay out”. Which timeframe wins?
And like so many others I would like to add my voice to that thanks that go your way.
I have not seen your comments on this post of late. I hope you are still mentoring.
Regards
From PaulW
Hi Edward
Another question, as you can tell I am still low on the learning curve.
I noticed with interest that there can be a fairly big difference on where 200MA appears on a chart depending on which types (eg SMA, EMA, LWMA) and which methods ( eg O, C, HHLC/4(I think)) you use. Which standard is the most commonly used one in Fx circles and should be the one to determine where 25pip range?
I also notice that sometimes these levels are completely ignored by the market and the price goes straight through them as if they weren't there. Other times is seems they do act as Support or Resistance lines. Is there something you can direct me towards to help me understand this.
Thanking you and your team in advance
Paul
Post new comment