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)
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Yes,this very helpful
thank you very much and I hope you can keep your useful and helpful contributions,
thanks again and best regards
Hello Edward
Of course, I must first say you have done a wonderful work on this site and with many of your idea. Marvelous!
I particularly appreciate this [2 cross] idea: appealing, simple, successful.
Question 1: since this will not do well in quiet markets would use of ADX be helpful or merely keep you out of positions?
Question 2: do you have a personal (successful) favorite strategy from the site? One you choose to regularly trade?
Best to you, David
Thank you, David
ADX will work. Also 50 SMA will work.
With ADX you'd look to avoid trading when it reads below 20.
I like this explanation of ADX indicator.
With 50 SMA (on any chart you choose to trade with): if 50 SMA goes flat, e.g. moves horizontally across the charts, you take no trades, instead try to draw simple channel lines above and below the price range and get ready to trade the breakout.
Yes, just recalled, I found one MT4 custom indicator I liked.
It is wellxAMA.mq4
Besides telling you which way to trade, it also can help to determine the periods of ranging markets.
Here is a quick screenshot with one of the ranges selected:
By the color of the dots you determine a trend.
But when a dot is missing, you get ready to trade in the range. Quite simple.
Regarding favorite strategies, I often trade Advanced #5.
Best regards,
Edward
Hi Edward,
You saved me! Began using your system 11 days ago, and account is up 100.51% already. Applying it to GBP/USD, GBP/JPY, and AUD/USD with GOOD results. Nice!
That's very good news!
I'm very glad for you. Stick to your rules, better write them down.
Happy trading!
Edward
Hello Edward Revy,
Where have you been since have been looking for a GREAT techniques that most people will SELL for $300 or more that you give FREELY.
I have bought alot of product online just to make a living from FOREX not knowing you exist with such GREAT techniques.
As these morning am running GBP/USD @ $628.00, AUD/USD @ $434.00, USD/CHF @ -$43.00 and EUR/USD @ $45.00.
Edward, thanks a million and GOD will BLESS you for these great techniques revealed to us that have lost hope in FOREX.
Thanks
Thank you for your kind words. Your feedback is very important to our team!
Its truly my pleasure to help you and other traders succeed in Forex!
Happy trading!
Edward
Are there EA on this site for upload/download? If so, I don't see them.
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