Advanced system #18 (Trend lines + WMA swing strategy)
Submitted by User on December 12, 2010 - 18:17.
Submitted by Hessel
Currency: EUR/USD
Time Frame: 3 hours
This (swing) strategy uses trend lines in combination with WMA 21 and WMA 11.
A good knowledge on how to draw trend lines is required for this system to work successfully.
Read entire post >>>
Its an easy and nice strategy no doubt, the problem i have in trading only breakthroughs is that there are far more points to enter if you trade on continuation after pullbacks instead on betting on a trend reversal/correction
So it might be a good idea to combine it with Advanced10 from this page, they use more or less the same "logic" and match each other well.
Grüße
Hi nice strategy. WMA is Moving Average and calculation period should be "linear weighted" or there is some other setting for moving average in this strategy.
Happy New Year ! to all fellow traders.
If a retracement observed after break out , price must not close below 0.618 ( uptrend)or above 0.618 ( down trend ).
That's nice! keep it up ;)
By the way, is it nescessary for the WMA to cross first?or the trendline must be broken first then we look for a cross of the WMA?
Sorry for asking too many questions.
Have been using this strategy for a couple of months now. Only gave a few trade signals when using the 3 hours chart, but all very profitable! I'm long on the eur/usd after the buy signal on yesterday's chart. The down trend line was broken and the wma's crossed. Look what happened, a beautiful move up.
I love Trendlines! It's Price Action ;)
Anyway how long do you trade this system?and how do you rate the accuracy in percentage%? Just rough estimate will do (^_^)
Yes it will. There's an interesting opportunity on the EUR/USD right now.
I attached a picture, as you see the trend line is broken and WMA's have crossed. I'm now waiting for a valid pullback to the 1.3250 level to enter a long position. After that, I think the way up will be resumed, and the former high at 1.3282 will be broken.
Will this system work on 1 hour chart?
Post new comment