Forex trading strategy #3 (EUR/USD simple system)
Submitted by Edward Revy on February 28, 2007 - 15:13.
As we move forward we discover a strategy that fits only chosen currency pairs.
Take a look at the next Forex trading system:
Currency pair: EUR/USD.
Time frame: 30 min.
Indicators: MACD (12, 26, 9), Parabolic SAR default settings (0.02, 0.2)
Entry rules: When Parabolic SAR gives buy signal and MACD lines crossed upwards – buy.
When Parabolic SAR gives sell signal and MACD lines crossed downwards – sell.
Exit rules: exit at the next MACD lines crossover or if the market starts trading sideways for some time.
Happy Forex trading!
Edward Revy,
http://forex-strategies-revealed.com/
Copyright © Forex Strategies Revealed
much thanks to you guys for your information. but please how does SAR and MACD indicators work because am a beginner? someone should help please!
Hi Edward
i am sorry. i am a noob.
in my Mt4 platform MACD indicator looks different than yours. there is only 1 line.
Edward,
Great strategy. I also commend you for being responsive and answering people's questions to the best of your ability. Your mentorship is greatly appreciated.
eur/usd is all about the momentum
Hey Edward. I'm a Singaporean and am using your demo trading platform as a start. What would be the best times to trade, in SG time? Thanks in advance.
But how to make MACD to be as two lines...?!
Thanks.
it's macd.
are u sure that is MACD instead Stoch???
best regards,
dito
indonesia
Hello Edward, I am getting into the FOREX market today. Always had an interest but now I am finally pulling the trigger. Listening to what the pros and most successful traders are saying, I am going to trade a demo account for at least three months. So tell me, where can I go to get what I need to setup my office. Monitors how many, what business/news networks to watch, where to get updated trade info about the EUR/USD. I am going to solely focus on this currency pair. Simple and focused is my business strategy. Any assistance would be greatly appreciated!
Chris DeShazer
hi all
thx Edward Revy for this strategy
i think if we add a RSI(21) we Overcome false signals
can this work all timee
regards
Hello guys,
My impressions are that almost all people who want to make money online are simply not persistent and quit after a few attempts, before even succeeding to set things right...
Unfortunately this is the situation but it is fortunate for the rest, who do not quit and finally succeed to make money, some of them - a lot of money...
It is up to you and noone else...
One of the easy ways to make money online is Forex trading - here is one of the best sources to read about it and set everything right in minutes or a couple ofhours so you can start making money - but remember - it is up to you!
Buy an inexpensive Forex robot software and open an account with a broker online - then be patient and do not quit early! Forexpros do make a lot of money, but it takes some guts to be one!
Good luck, guys!
Hi Edward!
This strategy looks very good & simple! I´ll test it in the M15 of EUR/USD. I put the EMA50 in the Chart and the Stochastic. I think, the Stochastic can give a "pre-signal" before the MACD and Parabolic gives the "real" signal.
It was just an idea of me, but I will test it.
Here you get a picture of todays chart with 2 trades. Sell wenn MACD and Parabolic gives the signals. Look at the Stochastic if it´s getting from up to down. Close the position when Stochastic is down. What do you think?
Regards,
René
could u give me a site that give me the same chart u have here or tell me how to make on fxcm platform
thanks nasser
Hi Edward I'm David from Italy,
here there is a little questions: is it possible to use the ADX signal too to re-confirm the trand? And if yes with which values? I use deafult ADX 14 and consider the crossing DI+ and DI- but is it important in this case the "strength" or it could be good only as re-confirm?
Thanks in advance and I beg yourt pardon form my English.
Bye, David
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