I spent last night looking at the RSI 45 cross. I think they give a pretty good idea of a trend starting, and simple. Haven’t digested the indicators yet. Thanks for the insight. Can’t find many original ideas with swing trading. Good job!
I use Oanda…how can I get around level zero (Indicator)…
thanks generalz for comments. this is totally my original work and it is profitable. i desighned it to profit from range and trend from any currency pair by combining indicators and by getting into three trades and money management. I use FXCM trading station and metatrader charts. I dont have any idea about oanda because i never used that. sorry for that. anybody using oanda may come for help soon whenever he reads this
thanks and please give your analysis and observation to improve rules for this strategy
hello LOWIQ are u still holding your trade or exited your position in eurgbp as MACD trend has yet not changed and may go further long. please tell about latest situation. if you exited your trade what were the reasons.
less interest by traders.
ok those who dont want to trade first signal of the trade can do so and can only trade 2nd and 3rd signal
fix target for 2nd signal as per currency pair
and 3rd signal to be of system exit
remove trend and MACD indicators from chart and add stoch 39,2,2 simple low/high with level 50 only.
this would remove lot of uncertainties from trade as first signal i think most traders are getting difficult to pull on
this is the best strategy for those who want to trade trend or range by what so ever way they like but traders are not giving their comments about it. i am unable to understand that either they dont have time to comment or they did not like this strategy. At one point i thought closing of this thread but now i feel that everyone reading will give comments what so ever thay may be. so far about 2000 views and opnly few replies. you can see one example as attached chart. It is just a matter of sitting tight.
I’m still lurking…have been adapting this system for me…WARNING…I am a newbie and sometimes do not completely understand indicators…so if I don’t make sense, Oh well…
this is what I am testing…the holidays are not good playing for real. Up 400 pips this week…gbp/us-gbp/jyp-eur/jyp
Enter:
All 4 must cross about the same time: I draw line to verify…
Cross… 5+10
RSI 14… Cross 50 line
Stoch 39,2,2 Cross
CCI 14: Helps read early trend direction
Exit if cross O
Exit
CCI or any indicator crosses 0 or 50 line for sure…earlier if you wish?
I Like CCI…it is a bit of a leading indicator and can give you some hint to where the we are going…
i am failing to understand that where confusion lies in this system. please do use and add as many indicators as you can but do not change the basics of this system. At one stage of learning i have also been using 10 indicators and now only prefer these few and trusted one. There is no holy grail and losses are the part of this complicated game, so trade freely and control your losses and let your profits run. divesify your trades and do not put more than 1 % of your capital in any trade, however you can have more number of trades but diversify them into different currency pairs. All you positions those open should not acceed total tolerable loss of your account(5% in my case). That is very simple science/art and one more thing and that is very very important that do not involve yourself into complex analysis/jigsaw puzzles and only thing that you can do is to control your risk and trust your system. How simple it is. try it and you will feel it that you are winning the war
I’m a bit confused with the system now as from what I can see there is now a fair list of indicators:
SMA’s
RSI 14
RSI 45
Stoch 39 2 2
MC / MACD
Trend
Should we now only be using the Stoch and RSI’s? With regard to Stoch what exactly are you looking for with this please - divergence, crossing levels etc? And why is this better than the Trend and MACD at preventing losses during “choppy” periods in the market?
Thanks for the help in understanding your system, sounds like it’s worth putting the effort in to understand properly.
Trend and MACD are lagging indicators and will give you you whipsaws while unsmoothed stoch is not lagging indicators and keeps you fairly closer to market turns when it is ranging
you can just see the rules and attached charts. RSI 45 is less erratic as compared to RSi 14 and that is why it is been used for trend detrmination
rules are as under
When Trend and MC cross together in the direction of (weekly trend) take position and if recrosses before cross of RSI exit
If RSI crosses 50 after taking position than follow the RSI till system exits that is RSI re crosses
long GBPUSD at 1.9385 with 100 stop loss and limit as dictated by system
long eurusd at 1.3042 with stop loss 100
short eurgbp 0.6711 with stop loss 50
let see how these trades they perform and we will analyse at the end of th trades when they get in profit and loss whatsoever. losses are the part opf this choatic game