This was developed by J. Welles Wilder and has all kinds of mathematical formulas. In the book by Robert W. Colby “Technical Market Indicators” it is simplified with the crossover between a 13 period simple moving average and a 27 period simple moving average. Try this it worked for me and I was able to get over 300 pips profit!
I’m glad you made 300 pips. But as you become more… enlightened shall I say, you’ll realise it’s not all about how many pips you made. Keep up your education and trading your strategy. Best of luck.
tradeforex077
Thank you for your reply! I totally agree with you about education and strategy. Many years ago I had a live account with FXCM which was a disaster! I learned from that experience, that is why I enrolled in this school. I constantly look for new sources of information on trading strategies, risk and money management, etc. I own two excellent books on Forex written by Kathy Lien and Boris Schlossberg (formally with FXCM as instructors). If you would like a reference for this I will be happy to give you the titles, etc.