Buy-Sell Signal Works 86% of the time....
I am really very new to the forex trading. <o></o>
<!--[if !supportEmptyParas]-->It is really nice to see that, this forum not being a private one, but people still sharing what they have with eachother. It is really impressive and I wanted contribute here too, with what I have. That is told to be working 86% of the times. I checked throughly and it really appears to be working. Most of the times it does not work, it does not move opposite of the expected direction but not move very expectedly. <!--[endif]--><o></o>
- 30 Minute Chart or 1 hour chart with candlestick <o></o>
- EMA with 11 <o></o>
- RSI , MACD as a supplement<o></o>
MA passes the price line. But it has to pass from the middle of the candle... Make sure it one more time passes from the middle of the next candle or it will be gamble. After it passes from the middle of the second candle, transaction is trigerred. IT HAS TO PASS FROM THE MIDDLE OF THE CANDLE (NOT THE MIDDLE OF THE HIGH-LOW, IGNORE THEM) It must be in the middle of the open or close (filled section)... Nearly the middle if near to the top or bottom then does not work. Happens many times.<o></o>
Direction: If MA moves from above the price to the below of the price then the price is increasing. BUY!!!! If the opposite, then SELL!!!!!!<o></o>
<!--[if !supportEmptyParas]--> <!--[endif]--><o></o>Use MACD as a supplement.... If we go long and the MACD is above 0, then the increase will be high... MACD below 0 and if signal is short, then the drop will be high... Otherwise it will be a small change...
Can you tell what you say about this?. It looked good to me...
I would like to keep in touch with other forex traders, you can email me or PM me...... experienced people: I have a lot to learn from you.... Inexperienced, we can share a lot.... Would like to keep in touch and share what we have in our hands.... We have to form an alliance....<o></o>
If anyone knows where the private forums are, and how to join them, please can you send me an email?...<o></o>
<!--[if !supportEmptyParas]--><!--[endif]--> Ed G.W.
What settings are you using for RSI and MACD?
I think the flaw is that you have not tested this system for longer than a few months. We have been in a heavily ranging market since May. Try testing from January and see how it does.
Thank you for the advise, Silverpike!...
© Forex Factory