What a awful method, 70-80% losers over a 3 month period on 3 pairs.
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DislikedI am from China. I got a new book to descrip the method same to this way. Now i know Kathy Lien and Boris Schlossberg is the writer of this method. Those days i am back testing this method. And i feel it is really profitable stratagy. I am sure about this.
But i think it is necceary to optimize it. such as:
1. trade at best time:
GMT0 30pips
GMT8 6 PIPS
GMT13 80PIPS
TAKE PROFILE method changed to reach average Max. goal like above pips.
Any body want to discuss this more deeply?
Sorry for my poor englishIgnored
DislikedHello,
I found a very easy and promising strategy, called "The 5 Minute Forex Momo Trade". It is similar to the one I am using right now.
It is only using Macd and 1 Moving Average.
I use 3 moving averages, 5, 10, 20 and macd, 5 min chart, EUR/USD, USD/CHF, AUD/USD and GBP/USD
Before I start to explain in my (not so good english) I like to ask you to have a look on the following link and to come back to get your opinion.
This strategy is from Kathy Lien and Boris Schlossberg and available for everybody.
http://www.investopedia.com/articles...inute-momo.asp...Ignored
DislikedThank you for your ideas.
To get an idea about the trend I have the 50 ema. But from other sustems I know that they use the 100 sma or now your recommendation with the 150 thank's.
It is correct that we have to be able to see if there is a trend or a flat market, which means to stay out in flat markets or just scalp with the macd crossing the zero line for 5 pips?! But if we have a trending market or the market is moving strong, we can get very easy our daily profit.
This is a very good system and I like it. I feel very comfortable to take...Ignored
DislikedHello, It's nice to hear that you like it too. Macd settings 12,26,9 like in the link in the first post. I am using a different macd which is attached. This one is the standart macd which is on the MT4. This morning some nice moves on different pairs, just stay away from the news. Today we have another news at 8:30. After that I am looking for the crossing of the macd. For everybody who don't know: Check the link for calendar about the daily news on top of the first post. This helped me a lot in the past. Holger {file}Ignored