lets develop a system which is very very simple but effective.

I am new in fx.I believe in KISS (keep it simple and stupid). What i have learned is that only moving average can be your weapon in FX world.I have read it and applied it. Result is just awasome!!! I am describing my strategy below. And lets develop it. I hope it will help us.


*Don't do over trade. Daily one or at best 2 trades.
*Strong money management rule. at best 30% of capital can be invested.
*Sticky with 2/3 pairs. which suit me.
*No trade in news time.
* must see 15 mins., 1 h, 4 h and daily chart. But I take my decission from 1 hour chart and entry from 15 mins chart when EMAs crosses.
*I am trying with RSI and MACD settings in 1 hour and 15 mins chart.
* I m very confident if i can use theses 3 tools well then its enough.
* wht is very importent is to understanding every candle. so close eyes in formation of candles might help to be master over candles.
*must think about if there is any upcoming news before entry.

lets work only with 3 tools, that is EMA, RSI and MACD.

Well , my strategy is very simple too , and is on candles and very effective , maybe you can share our results just give me your msn trough PM

Please could someone help to compile this into a readable format for mt4, am new to it. Thanks


study(title="Trend Trading", shorttitle="Trend 35", overlay=true) MAlength = input(35, title="Length of Moving Averages") petd = ema(close, MAlength) petx = wma(close, MAlength) pety = sma(close, MAlength) iGreen=(close > petd) and (close > petx) and (close > pety) iBlue = ((close > petd) or (close > petx) or (close > pety)) and not ((close > petd) and (close > petx) and (close > pety)) and not ((close < petd) and (close < petx) and (close < pety)) iRed = (close < petd) and (close < petx) and (close < pety) up = (close > petd) and (close > petx) and (close > pety) ? green : (close > petd) or (close > petx) or (close > pety) ? blue : red test = (petd + petx + pety) /3 //plot(out2 and smaplot ? out2 :na , title="SMA", color=mycolor2, linewidth=1) plot(test, title="Buy Sell", color= white ) barcolor(up) alertcondition(iRed,"Going Red","Going Red") alertcondition(iGreen,"Going Green ","Going Green" ) alertcondition(iBlue,"Going Blue","Going Blue") conditioncrossover=crossover(test, close) conditioncrossunder=crossunder(test, close) alertcondition(conditioncrossover,"Crossing Up","Crossing Up") alertcondition(conditioncrossunder,"Crossing Down","Crossing Down") plot(petd, color= blue , title="Blue Plot") plot(petx, color= yellow , title="Yellow Plot") plot(pety, color= red , title="Red Plot") petyMulti = pety + test- ((pety + test /100) * 12) petyMulti2 = (open + close) / 2 // pety + test //Decrease = Original Number - New Number //% Decrease = Decrease ÷ Original Number × 100 //Increase = New Number - Original Number //% increase = Increase ÷ Original Number × 100. buy = (petx > petd) and (petd> pety) sell = (pety > petd) and (petd> petx) //v(petd> pety) tbuy=test - pety t2buy= (tbuy / test)*100 CurrentMA= sma(close, 50) LastMA = CurrentMA[1] Last5Avg= (CurrentMA[3]+CurrentMA[4]+CurrentMA[5]+CurrentMA[6]+CurrentMA[7]) /5 samIncrese=CurrentMA-LastMA samPercIncrese=(samIncrese/CurrentMA )* 100 samDecrease=LastMA - CurrentMA samPercDecrease=(samDecrease/LastMA )* 100 LastAvgDec= Last5Avg-CurrentMA LastAvgPercDecrease=(LastAvgDec/Last5Avg )* 100 LastAvgInc= CurrentMA-Last5Avg LastAvgPercIncrease=(CurrentMA/Last5Avg )* 100 //Simple Buysell //plotshape(buy, title= "Buy", location=location.belowbar, color=lime, style=shape.arrowup, text="") //plotshape(sell, title= "Sell", location=location.abovebar, color=red, style=shape.arrowdown, text="") //SMA Buy Sell ///plotshape(samPercIncrese>.005 and true, title= "Buy", location=location.belowbar, color=lime, style=shape.arrowup, text="") //plotshape(samPercDecrease>.005 and true , title= "Sell", location=location.abovebar, color=red, style=shape.arrowdown, text="") //Ttest plotshape(samPercIncrese>.006 and buy, title= "Buy Arrow", location=location.belowbar, color=lime, style=shape.arrowup, text="") plotshape(samPercDecrease>.006 and sell , title= "Sell Arrow", location=location.abovebar, color=red, style=shape.arrowdown, text="") //plotshape(t2 < .3, title= "Sell", location=location.abovebar, color=red, style=shape.arrowdown, text="") //plotshape(ReversalShort, title= "ReversalShort", location=location.abovebar, color=red, style=shape.arrowdown, text="SELL") //plot(petyMulti2, color= green , title="Gary Trader Strategy petyMulti") timeinrange(res, sess) => time(res, sess) != 0 showTimes = input(false, title="Show Closing") c= iff(showTimes, gray, black) bgcolor(timeinrange(period, "1530-

Maybe you could try in the "Platform Tech" thread

Can I ask how many moving averages you're using and what periods? Right now I'm just using a 200 EMA for the long term trend and using a 55 EMA to alert me when there's a potential major trend. In the screenshot the thin orange line is the 55 EMA. When price breaks either above or below the 55 EMA that tells me to watch price to move the same direction past the 200 EMA. That should say there is a strong trend. Then the MACD gives me exit signals when the histogram turns green.

I like the idea of making a super simple system so I'm throwing in my 2 cents.

30% of capital to be invested in one trade?
you could blow your account in 3-4 trades.
I use a very strict money management of 2% of my account balance on a trade, it would take 50 losing trades to blow my account. most people use only 1% per trade. you can calculate with with a trade lot size calculator. I set my Take profit Pips at the Average True Range Indicator (14) and my Stop Loss at 1.5x pips of my average true Range indicator (14). just following strict money management you can be profitable right away. that how i turned my trading around from blowing 2 accounts then to doing it consistently with profit.

According to me no simple or complex strategy can offer your guaranteed results. I would suggest you to invest only 10-20 % of your capital. Investing less a point safeguards your trades from draw-downs. Do not risk more than your risk bearing ability. Moving averages surely work for highly liquid pairs, you can combine 2-3 indicators and form your strategy.

Agree with all that points, but not for the RSI.
RSI might be useful in stocks, but not for Forex since it really really relative and in my experiences I have been lied by RSI a lot