Hello fellow traders, I have a system which use the 100 and 200 moving averages, and the 10 and the 5 moving averages all simple. We will also employ the adx to determine strength. I did not want to start this thread but I am curious as to what my fellow traders think. This is a simple cross over system and i have found some success with it but on the daily time frame. (not enough trades)
For a buy (2 types of entry's)
We need a cross of the 5 above the 10 we also need the 100 to be above the 200.
2nd type of entry we need 5 above the 10 and we also need the 100 to be pointing upwards.
ADX has to be strong and above 25
For a sell we need the opposite
There are times when I will break these rules, but there will be an explanation, I have been trading for about 6 years mostly stocks now. The forex market has been very unpredictable and very hard for me to trade. Ive tried most popular systems on the factory and they didn't work for me.
This appears to be consistent in making pips.
Please tell me what you think, i don't mind critics, we are all here to make money.
I almost forgot, your stoploss should be above or below recent high. Charts to follow. I HATE TYPING
Thanks
For a buy (2 types of entry's)
We need a cross of the 5 above the 10 we also need the 100 to be above the 200.
2nd type of entry we need 5 above the 10 and we also need the 100 to be pointing upwards.
ADX has to be strong and above 25
For a sell we need the opposite
There are times when I will break these rules, but there will be an explanation, I have been trading for about 6 years mostly stocks now. The forex market has been very unpredictable and very hard for me to trade. Ive tried most popular systems on the factory and they didn't work for me.
This appears to be consistent in making pips.
Please tell me what you think, i don't mind critics, we are all here to make money.
I almost forgot, your stoploss should be above or below recent high. Charts to follow. I HATE TYPING
Thanks
Look at something long enough, you will eventually get it.