FREE FOREX STRATEGIES

Complex trading system #2 (“2-Cross”)


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 Edward,
Thanks so much for all the great info. I was wondering about the stop loss on this strategy. I'm using MT demo and have it on 4 hours (no 3 available). I'd normally use 30 pips away from entry. Any suggestions?
Again, thanks for the site!

Steve

Absolutely!

Regards,
Edward

Dear Edward, may we completely ignore pivot points if for example valid long entry point is say within 5 pips of a resistance point that has held all day? THank you!

Alex Liu

Try this one:
Good_Macd.mq4

My MACD does not have the 2 moving avg on it like you have, any ideas, I am running MT4.

hi edward
tnx for email
waiting u on google talk

My email is

Regards,
Edward

thnx edward too much
its simple and genius
i started using it now
please please send me ur mail
to make contact through yahoo
and try to develop a excellent stratigy
just leave ur yahoo mail
and i will contact u asap

Absolutely.

Also USDJPY pair.

Regards,
Edward

Can i trade this System at EUR/JPY or EUR/USD too ?

Regards;

Manus168

Thank You Very2 much Edward;

Kind Regards;

Manus168

For a valid entry, 5 and 15 Moving Averages do not have to be both above or below 100 or 200 MAs.

100 and 200 MAs are used for:
a) identifying times when we will not open trades - this is when price is less than 25 pips away from either one of the MAs.
b) initiating a trade, when price has recently crossed 100 or 200 MA.

Regards,
Edward

Hello Edward:

Should a buy order be made only when the EMA 5 has crossed the SMA 15 and both are above the 100 and 200 SMAs and the MACD lines have also crossed?
On a lot of charts, the buy signal is shown when the MACD lines have crossed and the the EMA 5 has crossed the SMA 15, but the 100 and 200 SMA are above these other two moving averages, EMA 5 and SMA 15.

Hi Manus168,

If you have an option to choose between 3 hour and 4 hour charts, I'd switch in favor of 4 hour.
4 hour time frame is the one that is commonly used among traders. It is somewhat a standard - a time frame which is present on majority of trading platforms; whereas 3 hour time frame is more of an "invention/option" offered by Oanda, it is rarely used in Forex.

Regards,
Edward

I thing better used the basic of this method, is good enough,

For me the problem is which better we use H3 or H4 ?

Here's the look for H3 Oanda :

forex trading system

& H4 for Metatrder.4 (Alpari Broker) :

forex trading system

Regards

Manus168


 

Post new comment

CAPTCHA
We read every comment. Proceed if you're a human: