Dislikedthe 15M EURUSD chart you posted does have the 50 EMA and not the 200 EMA. Do you use that one also? {image}Ignored
- Joined Jan 2013 | Status: Member | 1,410 Posts
Even though I walk through the darkest valley, I will fear no evil
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Disliked@ monocor. Virtually every system used to trade stocks are being used to trade forex. Show me a system used for trading stocks that cant be used for trading forex. With reference to your latter post, in coming days, I would post pictures and perhaps video showing how I record success with this system. You may still refer to the previous post made.Ignored
DislikedHi Ochuko, Great strategy. I just found it last Friday and have been back testing it. It seems best to avoid signals when the price is retracing back to the 200 the first time (as the EJ seems to be doing now). Bit of a learning curve too on when the Psar showing weakness and best to pass on the trade. Overall though it can catch the nice moves. Is there a Psar stoploss EA that moves your stop up for you? This is crucial to minimize losses. BTW I'm testing the BJF Psar but can't get it to work. Forward testing this week and I'll see if I can post...Ignored
DislikedActually I meant the trades with the 200. See below where the buy signal comes in but the price wants to come back to the 200. I'm watching the AU right now. {image}Ignored
Disliked{quote} You made a good observation. Usually, I dont trade against the 200EMA. so when price is retracing back there, I trend to pass such trade and watch.Ignored