I have been been trying a couple different approaches (moving average crossovers with RSI, S/R levels, Fib retracements, etc.) but I was wondering if anyone could point me in the right direction for a simple (few indicators) mechanical system that is strictly mechanical (meaning, little room for interpretation) that I could start back-testing on the hopefully 4-Hr chart or even the daily charts? I am trying to just stick with the major pairs at the moment. Thank you in advance!
Hmmm. I personally just use 50 and 200 EMAs for my trades, with no other indicators. If you’re interested, you might wanna give that a try on demo. But, I’m curious to know about your experiences so far.
How were your experiences using these?
I don’t have strategy for H4 and daily charts, but simple price close above moving average with pending orders is very easy to back testing