Forex trading strategy #53 (Strategy for EURJPY 15M)

Yes I change STOCH to 8.3.3 as I mention previous and RSI entry level to 52 for buy and 48 for sell

Hi EMAD,

The EA you provided is pretty accurate.

However, the stochastic is not 5,3,3. It is 8,3,3.

RSI Level is not 50. It is 52 and 48 respectively.

Hi

In last update I use 100 pip s/l and t/p 50 trailing stop 0

Emad

It mean from account with $1000 , I use lot size 0.2 lot
Emad

what do you mean by risk 20% ?

Hi all
Good news I finished the optimization and it work pretty I put stop loss 100 pip, take profit 50 pip trailing stop 0 , and I change Stoch ( 8,3,3) It work now very good , try it on demo , I will attach test for one month with $1000 with profit of $1566.29 with risk %20 ,

Hi, sorry to side-track a little. I notice you guys posted about news time over here. Can I check, what are the type of news timing you guys are refering to ? Is there a fixed time whereby the important news would be out ?

Hi all sorry for delay ,
* for the news I recommend to stay away of course , you don't need that profit If you want to protect your account ( personal opinion ).
* EA = Expert advisor ( meaning auto trading ) .
* OK I will give indicator to help you all to read RSI level for 4H on 15M chart just change the RSI period to 14 and add it to your chart you will see RSI value from 5M to weekly chart OK( KFSE RSI )
Download indicator: KFSE_RSI_Bars_Swing.ex4
* Thank you so much to help me in answering the question , Thank you again.
Emad

EA = Expert Advisor

You may want to review some basic forex web sites. E.g., babypips dot com. Or mt4 dot com. They'll help you understand the language used on forums like this.

emad how can we put indicators with different timeframes in the same chart?

What does the EA stand for in this strategy

how bout news time? stay away or protect with SL?

Hi all
I got advise from Franz to use bollinger band , I want to thank him I can say it's usefull to know when to exit , and I will add you can use also ADX to know the power of trend focus on signal line if it pass level 20 strong trend and exit when it pass level 40 coming from up ( mean signal line pass 40 level then drop down 40 level exit the trade) , enjoy
Emad

Thanks emad for system

hey guys who want my EA send me e-mail to [email protected] and I will send it free , but I have to tell you it's not perfect I'm trying to make it better so may you could help me

Emad