Forex trading strategy #9 (Teodosi's Moving Averages tunnel)

Hi Edward
I want to say a big thank you to you for being so generous in sharing this site. I have been trading forex for 1 month now (on demo account). I wanted to see if I could make $50 a day. And on average, I have been making between $30-70 daily doing 2 or 3 short trades for a few hours or overnight. Only based on 2 strategies (one I tweaked a little) found in this site.

Now I would like to ask about this strategy. I do not have WMA on my charts. I am using TOS. There's only EMA and SMA. Can I change the WMA to SMA?

Thanks
Wong

Hi first of all tanks to Edward for the great website where i so this strategy and tanks to Teodosi for this strategy OK the point is that i maked some changes to the strategy whit great resultats

1 I use EMA 18 and EMA 28
WMA 5 and WMA 8
2 The rule is this i open a sell/buy position when WMA 5 croses the EMAs or the WMA 8 up or down
I dont wait for WMA 8 to cross the tunel i nouthes that i lose a lot of pipes up to 50 pipes
If you whill look you whill nouthes that the WMA 5 it whil give the signal whit the same pipes but when it close it whill close whit 10 to 25 pipes faster
Il give you a example i trade from may 20 to 02 jun and the results are amazing
Whit the original strategy I maked 577 pipes and whit this i maked 948 pipes
Thats 371 pipes more then if il use the original strategy this was tested on four major currencys only in two weeks
I hope you understand my bad english bicaus im a romainian and i hope you whill get the same resultats whit this strategy Good luck
Name Sfintul666

I have an EA programmed for this that I paid to have programmed. Backtesting results were not very good, maybe the next strategy I have programmed will be better. Feel free to play around with it maybe someone can figure a better currency or better way of optimizing it, let me know if you do.

Thanks

Teodosi_EA.mq4

Hi Edward,

haha okay2..by the way, just wanted to give a feedback on this system...well for sure it is very profitable but need to have patience cause although i'm using 3 pairs(EUR/GBP, EUR/USD, GBP/USD) i need to wait at least for 2 days waiting for the tunnel to cross.and probably 3 days..i havent entered any trades since tuesday so hopefully there will be a signal today..

Once again Thank you;)

Take care,
Azim

Hi Azim,

Hmm.. I don't know..
May be it's rather about RSI reaching the top/bottom..

Reagrds,
Edward

Hai again Edward,

I just wondering what does it mean by " You should exit the trade when the price has reached the top/bottom"? i mean how can i identify whether the price reach the bottom or the top?

=D
Azim

Hello Edward,

Thanks for your quick response. I think i just need to master this technique cause i am really comfortable using teodosi's strategy. i'm going to be live soon so wish me luck=D,hehe=P..ohh by the way about my education, since i was introduced with forex,i just kinda loss some interest in my studies,so my performance dropped a bit. but i think that u are right, education is everything. i just envy some people who manage to become a full-time trader and they are successful in life. i hope that i can be one of them.

Regarding the system, in my opinion it can last long as what i believe this system use the default indicator. hopefully that im right.. anyway thanks for your advice ;)

Hi Azim,

Regarding the channel and WMA's you can enter the way you feel is appropriate. On this stage its your strategy to modify and polish.

It's great that you're able to pull off some profitable trades, but please, under any circumstances don't stop schooling. First of all, your life goals may change with time, and the only solid base you can always rely on to propel you forward will be your education. Secondly, no one can guarantee that a system will work for the next few years or so. Changes can happen any time.

Happy trading!

Edward

Once again Hello Edward,

I would like to thanked Mr Teodosi for giving this strategy for free.I'm very grateful to know this simple strategy. i can rack up to 100pips per day.but before this, i was a loser, i couldn't make consistent profits.

by the way, may i know if this system will work well for the next few years?because i am planning to stop schooling as i want to become a full time trader.

Azim =D

Hello edward,

Im new here and i've just tested teodosi's strategy, its very profitable but i have 1 question in mind which is how to enter the trade in the right time?what i did is, i waited for 5WMA&12WMA to cross the tunnel but i noticed that as soon as 5WMA cross the tunnel, it shows a valid signal.so should i wait for 12WMA to cross too?and should i enter the trade when both WMA(5 & 12)cross the both line of the tunnel?

please reply a.s.a.p,
Azim

Thank you, Danny

Happy trading!

Edward

Hello Edward,
Thank you for your response. The information is priceless. God bless all who have shared there insight in to the forex market. I am testing a strategy right now that i believe will be benificial to others and as soon as it has been properly tested i will post it on your web page.

Thank's again,
Danny

Hi Danny,

thank you for your feedback.
To save time, let me give you a link with one of my recent conversations.
You'll find me mentioning the systems there:
http://forums.forex-strategies-revealed.com/advanced-strategy-the-midnig...

Kind regards,
Edward

Hello Edward,

Thank You for this great site, it has greatly improved my trading. Would you be kind enough to tell me what type of system you are currently using. I have been using Teodosi's system and it has been working very well. Also a geat big Thank You to Teodosi your kindness for sharing this system is admired.

Sincerely,
Danny friedrichcrane(at)gmail.com

does anybody try to create advisor for this strategy?