After a lot of backtesting the system was giving very few trades. About one a month once I refined it. The trades did make a pip profit but I have decided to go in a different direction
I’d be interested to know (or see) if your method can be scaled up to the Daily TF, specially considering the fact that this is the swing trading section of the forum.
A multi-TF strategy based on emerging and declining trends can point to areas of profit in an otherwise chaotic chart. I like the concept of slow and easy. Good luck 
Hi NewNine. I actually do plan on these trades being longer. I originally used a 4hr time scale to work through the plan, but i switched to 5 mins just so I could check my stops and such. The trades that I have backtested have been over a period of days and I moved often from one trend to another. I will be changing my chart to 4 hrs and also check daily TFs at the start of my trading this week to see how it runs because that is the type of trading that interests me.
After a lot of backtesting the system was giving very few trades. About one a month once I refined it. The trades did make a pip profit but I have decided to go in a different direction
[B]Reserved for Demo Trades[/B]
After having a good hard look at the back tests over a couple of different currency pairs, I have decided to take the SMA line of the chart. The RSI seems to allow for a safe entry and the SMA actually held back trading rather than adding any safety.
Sorry, too technical to read it completely, never seek out for somebody aproval when talking about strategy itself. Instead seek for help into money and risk management, and of course emotional management.
fondoam interested in this concept… Do you have an EA that you can post for this system that works on MT4? If this is against the rules I apologize.
Please see post One
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