oilfxpro
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Hi
The version presented in post 3 is a better version.Go to post 3
http://www.trade2win.com/boards/for...lfxpro-s-simple-5-wmas-system.html#post408552
Here is a simple 5 wmas trading strategy
5 min charts
euro/usd
Stop 55 take profit 125
Entry:Long positions: Lwma 5 must be greater than lwma 20 , and both lwma 5 and lwma 20 must be greater than lwma 100,and lwma 5,20 and 100 must be greater than lwma 200 , and lwma 5,20,100and 200 must be greater than lwma 400
Short position: opposite set up of long entry
Add a second position if price retraces ie for long price drops 30 pips and for shorts price rises 30 pips
Exit: on profit take or if 100 wma crosses 200 wma
Trailing stop 70
Filter:The above system is presented with a 20 pips filter to entry price .Example if long entry m/a set ups in place at 1.4000 long entry level is 1.4020 and if shorts set up short entry is at 1.3980.Without this filter the m/a systems are losers
Like all strategies manual traders can use their own judgement and get better results.This strategy can be combined with channels and support and resistance on different times frames ie 1 hour ,4 hour and weekly.
Use a Divergence indicator (or chart patterns)for better results
Many indicators tend to imitate the peaks and troughs on the price chart with a series of similar highs and lows. Divergence occurs when the indicator fails to imitate the pattern on the price chart, a sign of trend weakness and likely reversal.
In an up-trend, if price makes a new High (a higher peak than the last) but the indicator fails to do so, that is a bearish divergence.
In a down-trend, if price makes a new Low (a lower trough than the last) but the indicator does not, a bullish divergence occurs.
Use a volatility breakout indicator to confirm a trend or any trend confirmation indicator like Waddah attar
Use with expected changes in interest rates and the system is likely to perform better
http://www.trade2win.com/boards/for...oming-successful-forex-trader.html#post403347
Moving averages strategies on their own are not great strategies , but this one was profitable in the past.Results posted are mechanical strategy without manual intervention and without using a divergence indicator
OILFXPRO
The version presented in post 3 is a better version.Go to post 3
http://www.trade2win.com/boards/for...lfxpro-s-simple-5-wmas-system.html#post408552
Here is a simple 5 wmas trading strategy
5 min charts
euro/usd
Stop 55 take profit 125
Entry:Long positions: Lwma 5 must be greater than lwma 20 , and both lwma 5 and lwma 20 must be greater than lwma 100,and lwma 5,20 and 100 must be greater than lwma 200 , and lwma 5,20,100and 200 must be greater than lwma 400
Short position: opposite set up of long entry
Add a second position if price retraces ie for long price drops 30 pips and for shorts price rises 30 pips
Exit: on profit take or if 100 wma crosses 200 wma
Trailing stop 70
Filter:The above system is presented with a 20 pips filter to entry price .Example if long entry m/a set ups in place at 1.4000 long entry level is 1.4020 and if shorts set up short entry is at 1.3980.Without this filter the m/a systems are losers
Like all strategies manual traders can use their own judgement and get better results.This strategy can be combined with channels and support and resistance on different times frames ie 1 hour ,4 hour and weekly.
Use a Divergence indicator (or chart patterns)for better results
Many indicators tend to imitate the peaks and troughs on the price chart with a series of similar highs and lows. Divergence occurs when the indicator fails to imitate the pattern on the price chart, a sign of trend weakness and likely reversal.
In an up-trend, if price makes a new High (a higher peak than the last) but the indicator fails to do so, that is a bearish divergence.
In a down-trend, if price makes a new Low (a lower trough than the last) but the indicator does not, a bullish divergence occurs.
Use a volatility breakout indicator to confirm a trend or any trend confirmation indicator like Waddah attar
Use with expected changes in interest rates and the system is likely to perform better
http://www.trade2win.com/boards/for...oming-successful-forex-trader.html#post403347
Moving averages strategies on their own are not great strategies , but this one was profitable in the past.Results posted are mechanical strategy without manual intervention and without using a divergence indicator
OILFXPRO
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