Forex trading strategy #11 (Arsalan's ADX+EMAs cross system)
Submitted by User on August 24, 2008 - 15:50.
Hello everyone my name is Arsalan and before i proceed i want to thank Edward Revy and all the other people who have shared their amazing trading systems over here.
I have learnt many trading systems at this website which i use in my trading and they work very well for me. I have been using a strategy which gives me consistent profit so i would like to share that strategy with everyone over here.
The strategy is as follows:
Time frame: Daily.
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Hi Arsalan. Do we need to wait for ADX strength to reach above 20, or just track +DI and -DI only?
Hi Edward,
Thank you very much for making screen shots for all these strategies.
Happy Trading,
Regards,
Arsalan.
Hi everyone,
I'll make screenshots to all strategies missing them soon, most likely this week.
Regards,
Edward
I am sorry Neo the software which i use for charting i.e Trade Tiger does not allow me to copy the image of chart and because of this reason i cannot post chart for the explanation of this strategy.I hope you will understand my problem.
Happy trading,
Regards,
Arsalan
Hi Neo,
My name is Arsalan and i am the author of this technique.
I know that it becomes easier to understand the strategy when it is explained with chart but actually i really do not know how to post images which can be used to explain trading strategy because i do not know how to edit those images and show buy sell signal on it.I promise you that i will post some charts and again explain this strategy in a simple language.I will have to take some help from my friend for this purpose. I will definitely post some charts for you within 3-4 days.I hope you will understand my problem.If you have any specific doubt about using this strategy then please post it and i assure you i will respond as soon as possible and clear your doubt.
Yours Truly
Arsalan
Hi!
+DI Line and -Di line are given separately in some charting softwares in the indicators section so check whether these lines are available in your charting software or not and if they are not there then use the modified version of this strategy.This modified version will work equally well as the original one.
The modified version of this strategy is as follows:
BUY SETUP - CURRENCY SHOULD BE TRADING ABOVE 5 DAYS EMA
BUY WHEN 3 DAYS EMA CROSSES THE 10 DAYS EMA
FROM DOWNSIDE TO UPSIDE.
SELL SETUP -CURRENCY SHOULD BE TRADING BELOW 5 DAYS EMA
SELL WHEN 3DAYS EMA CROSSES THE 10 DAYS EMA
FROM UPSIDE TO DOWNSIDE.
I HAVE MODIFIED THIS STRATEGY FOR YOU MY FRIEND AND I HOPE YOU WILL LOVE IT.
THANK YOU FOR ASKING ME THIS QUESTION BECAUSE OF WHICH I WAS ABLE TO MODIFY THIS STRATEGY WHICH WILL HELP YOU AS WELL MANY OTHER PEOPLE WHO ARE NOT ABLE TO FIND +DI AND -DI LINES WITH ADX INDICATOR.
REMEMBER THIS STRATEGY IS ONLY FOR DAILY TIME FRAME AND NOT FOR
INTRADAY TRADING
Happy Trading,
Regards,
Arsalan
Estimate Arsalan say me where do I get with +di and -di lines ADX indicator
Hi!
I am glad to know that you liked the strategy.
Q. Where is the exit point?
A.Exit when Emas gives sell signal.Trailing stop is also a good method to determine exit because it will allow you to capture maximum profit.
Happy Trading,
Regards,
Arsalan
Hello Arsalan,
This strategy works well, where is the exit point?
The Emas cross again?
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