Advanced system #3 (Neat entry: RSI + Full Stochastic)

I am a licensed commodity broker and a CTA. I started using this method about 2 months ago with live money. This is a very, very good system. I usually trade off of 4 hour charts since this is a daily chart it was a change for me. I don't get to many trades off of this system but it is worth waiting for the proper set up. When I do get the "go" to enter a trade it is usually for a nice pick up of pips. I think I have had about a dozen trades in the last few months using this system. I only follow a handful of pairs. I have averaged a +116 pips per trade with no losses!!! When I am up say 100 pips or more I adjust my stops usually with a trailing stop. So with this kind of success who needs another system. Being a daily system you need to train yourself for patience to wait for a good set up. I highly recommend this system.

Hi Tom,

You'll find the answer to a similar question I got in the forum, please follow here:
http://forums.forex-strategies-revealed.com/advanced-strategy-the-midnig...

Kind regards,
Edward

Dear Edward,

Apart from the above strategy, do you trade with suceess any other daily or 4 h strategy?

Thx.
-Tom

Hi Jilles,

I tried 100 and 200, but ended up with a golden middle position - 150 SMA.
It's just my choice after the testing various combinations, nothing more.

@ User: a trader has sent me an EA for this system.
Neat_Entry_ea2.mq4
(Test it, because I trade the system manually, no EAs).

Best regards,
Edward

Does anyone know of an EA for the above strategy ?

Hi Edward,

Great strategy and very simple. One question and maybe someone else asked it before. If so, sorry! Why are you using SMA150 and not for instance SMA100 or SMA200? Is this SMA especially for GBD/USD?

Greetz from Holland
Jilles

Thank you, Herkko

The strategies you've mentioned produce very few signals. That's the way they work - they won't allow you to enter until there is a really good opportunity, and such opportunities don't come at every corner.

I'd suggest keeping those strategies, and checking them once is a while to see if there is a setup forming. In the meantime, you can work with your other favorite strategies which will give you more frequent signals to trade on a daily basis.

Happy trading!

Edward

Hi Edward
First of all, theres lot of useful staff in webpage. Thak you for your effort.

Few moths ago i started testin "Forex trading strategy #28 (RSI trend - Bollinger dips and rallies" it worked and i made nice profit, but now for two weeks i cant find any entry points. I loaded all 12 common pairs on my fxcm marketscope and still no entrys.
Now i'm tryng Advanced system #3 (Neat entry: RSI + Full Stochastic)third day todey and same thing, no entrys on eny 12 common pairs.

Question is - is it possible or is it just me who needs to study or change something? All trading indicators and time frames are like you suggested in topic.

Qreeting from Estonia
Herkko

Hi, I study forex since 6 months and your website helped me a lot !
I still trade with a demo account but I think I will open a real one soon.

Thanks Edward and all the contributors of this website.

Thank you for your feedback.
I'm glad you like the strategy.

Happy trading!

Edward

Hi,Edward

First of all, I'd like to thank you and the excellent web site.
I tested the strategy and found that it gave a good result in GBP/JPY and 4-hour time frame.

Hi Forest,

SMA in this case has a very large period - 150 - which means it need some time to change its angle. I stick to the rules of price trading above/below SMA here, rather than evaluating the slope and direction of the SMA;
Nevertheless, your observation makes sense, which we can use to our advantage: we'll be more confident when taking trades in the direction of the SMA slope, and more cautious while the conditions contradict each other.

Best regards,
Edward

Edward

How about the situation where the price action exceeds the 150, but the 150 is sloping (slightly) down? I take it this is still a bullish trade in which we should only trade a long position. Still, the slope of the 150 says things are declining. A bit of a puzzle for me. Your expert thoughts?

Forest

In MT4 we have a Slow Stochastic, which is the same as Full.

Cheers,
Thomas

Where to find full stochastic in mt4...
Thanks..