Hello traders,
Here is another trade method I discovered recently and successfully applied on a demo account. As you could see there is about 10% profit...
The main advantage of this method is its simplicity.
Some variation I found in this thread.
Below is the balance for the last 3 weeks on a demo trade (started June 25th).
So here are the tools:
9 & 18 MA (other period combinations are also acceptable).
MAs are used only to identify the trend.
So here are the Setups::
for Buy
Here is another trade method I discovered recently and successfully applied on a demo account. As you could see there is about 10% profit...
The main advantage of this method is its simplicity.
Some variation I found in this thread.
Below is the balance for the last 3 weeks on a demo trade (started June 25th).
So here are the tools:
9 & 18 MA (other period combinations are also acceptable).
MAs are used only to identify the trend.
So here are the Setups::
for Buy
- price > 9MA > 18MA
- last few bars have lower highs.
for sell is just the opposite 
So here are the ruels:
Buy:
when current bar breaks up the previous bar high (which is lowest high)
Sell:
when current bar breaks down the previous bar low (which is highest low)
That's it. Simple, eh?
So next will post some samples here.
Descriptions and more links are available here.
There is a blog devoted to this method: RSS and Athom
