brownie3 said:Hi all,
Can anybody recommend a simple but effective system for day trading the Forex. I have read some reviews on the book, 'Trade Day by Day' written by Chick Gosling, does this book recommend a system for day trading the Forex or is it just for Futures trading.
I am currently using the ADX/DMI to trade during the day. This is ok and a simple system, but often I am waiting for long periods for ADX/ DMI to rise above certain levels before I can place a trade.
Thanks in advance for any advice/recommendations.
Anonymous said:If prices have already reached the summit of all summits can you still buy low?
brownie3 said:Hi all,
Can anybody recommend a simple but effective system for day trading the Forex. I have read some reviews on the book, 'Trade Day by Day' written by Chick Gosling, does this book recommend a system for day trading the Forex or is it just for Futures trading.
I am currently using the ADX/DMI to trade during the day. This is ok and a simple system, but often I am waiting for long periods for ADX/ DMI to rise above certain levels before I can place a trade.
Thanks in advance for any advice/recommendations.
nawari said:Hi,
Just set your ADX/DMI =21
EMA = 5
EMA = 18
Entry when cross signal
15 min for entry/trigger signal.mercury7 said:nawari hx for tip .....byw what time frame u working on plz? kevin
Hi all,
Can anybody recommend a simple but effective system for day trading the Forex. I have read some reviews on the book, 'Trade Day by Day' written by Chick Gosling, does this book recommend a system for day trading the Forex or is it just for Futures trading.
I am currently using the ADX/DMI to trade during the day. This is ok and a simple system, but often I am waiting for long periods for ADX/ DMI to rise above certain levels before I can place a trade.
Thanks in advance for any advice/recommendations.
Try this. Is free:
http://www.datatime.eu/public/gbot/
probably the best automated platform around. Has also backtesting engine incorporated both with past data or random data. Trades entire folios of instruments.
Had a look at the website, does it work with MT4? And are you currently using it?