Forex trading strategy #36 (9 & 100 SMA cross)
Submitted by User on June 3, 2010 - 15:15.
Hello Guys,
I just found out a very good strategy based on trend which can grab 100-200 pips per trade. originally I am not the one who create this method but i just want to share with you all because i have some difficulties in exiting the trade and maybe on entering the trades(during ranging) too but hopefully we all can sort it out to filter those false signals.
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sorry i forgot to tell you...the zigzag indicator can be set 1 to 6..please kindly let me know how to make full use of this indicator to be combined in any of your strategy
Azim
oh by the way, any idea how to filter the entry?and also how about the exits?will it be reasonable if i use trailing stop?
Looking forward for your reply,
Thanks,
Azim
Dear Edward,
I have a ZigZag indicator which is not repainted, i found that it is very useful to support decision in making entries but i think you could make it better to combine with other strategies. any suggestion?
here is the indicator :
High_Low_v2_ZigZag.mq4
regards,
Azim
ohh sorry RVI default settings is 10...anyway we use RVI(100)..hehe
Azim
The period for RVI is the default settings..RVI(100)
Azim
Is SMA 'Moving Average'? So this strategy have no Stop Loss? regards RR
What the periode we must use for the RVI ? Regards: Manus168.
Thanks For posting this strategy Edward;)
this is the strategy that i mentioned last time which i wanted to post it..basically the entry is good,its just about exiting the trade...hope we can find a better solution for the exits.
Azim
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