Forex trading strategy #9 (Teodosi's Moving Averages tunnel)
Submitted by User on September 20, 2007 - 08:21.
This Forex system was submitted by Teodosi.
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"Hello guys i want to help all of you and i want to share you some good system.
Like many traders say good system is simple one an that`s why i`ll tell you one very simple.
This is......
- 1H (of 30MIN, but you will get more whipsaws) candlesticks/bar charts
- 18 EMA & 28 EMA (put them in red)
- 5 WMA (in blue) & 12 WMA (in yellow)
- RSI = 21
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My suggestion:
EURUSD, EURCHF, EURGBP, USDCAD, USDJPY.
RelT
Hi
What currency would you recommend with this system?
A candle should close, making indicators fixed, then enter.
Is it a requirement to wait for the indicators to cross AND the most recent candle to close? Or do you enter the trade as soon as the indicators match up regardless of current candle status?
Thank you.
Hey Everyone,
I am currently in college and have been looking for ways to trade forex. I am completely new to this whole system, and so far this website has provided me with insite that I have not received anywhere else. So far I have had the best results with this technique. Thank you both, Thomas and Teodosi, and keep up the good work! That is both a request and compliment...
late entry late exit.
That is correct. In MT4 WMA - Linear Weighted.
Regards,
Edward
Hi!
I have question about the WMA indicator. Is it called Linear Weighted in MT4 or am I miss understanding something?
Hey This is a really good system, I've implemeted it 4 weeks ago and have averaged 115 Pips per day trading only the Eur/USD and GBP/USD
Hi Peter,
MT4 platform has WMA indicator. You'll find it in Trend indicators -> Moving average -> change MA method to: Linear Weighted.
Regards,
Edward
PLS MR TEODOSI I REALLY LOVE UR SYSTEMS .BUT MY ISSUE NOW IS I USE META4 PLATFORM AND I DONT HAVE A WMA.ALSO I DONOT HAVE ANY IDEA ABOUT THIS TYPE OF MOVING AVERAGR CAN YOU PLS ENLIGTHEN ME ON THAT.
PETER,NIGERIA
thank you. your strategy works very well.
thanks for sharing.
WMA stands for Weighted Moving Average.
This indicator is available on every Forex trading platform.
Che cosa sono le medie mobili "WMA"?
Grazie molte.
Trader Di Carlo Dario
[email protected]
Hi August,
Thanks for the feedback on Fractals and the attached chart explaining it!!
Regards,
Mathew
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