Hi,
Come across from another site that i learnt that you can use the below indicators for H1 TF… please try and give ur comment as i got it from other website and the author cannot be found… please give ur comment thanks.
EMA 5, 10 , 14 , 21 ,50 support it with MACD
anybody use it before? thanks
more details please, what do you do with the MAs? What’s an entry and exit condition?
I use multiple MAs on a 1h with some success even without macd. I use linear weighted MAs rather than exponential
as mentioned, i got the setting of the indicators from another forum…but i unable to find the thread owner to verify on the entry and exit. But from what i see, when all the lines joined together and moving average (50) cut across it, it indicate a buy or sell… but i not sure when to exit…
sou would like to check with u guys… so how is ur trading so far?
when they all line up is it not that simple for long the 5 is above all else and so on and also the macd is signal long
best regards
i dun get what u mean… thanks
I think the basic idea is when they are all pointed up it’s an uptrend and you should be have a long position and the opposite when they are all pointed down. Macd gives an indication of when price movement is slowing down and possibly getting ready to reverse direction (not always reliable I think)
this guy in another forum actually had earn $14150.40 from $3000 within 7 days with this system. The below is one of his quotes:
“forex trading has never been so sweet as knowing that your system is sure and simple to catch trends either in a bullish or bearish trebd. i trade forex on 1 hour chat .
since i discovered my award winning trading system FXDD9 i have become confident and i have to recover all i have lost to this market.
the simplicity of the system makes it the more increasing for me.
do you believe this testimony?
i use EMA 5, 10 , 14 , 21 ,50 . i support it with MACD . unbeliveable you will think , not all the high sounding terms like fibs, stoch or s&r. this my sytem has become a top secret creating a revolution in our trading room .
nevertheless only good discipline, good money management and keeping to your system can actually make you to be successful.”
anybody have try it before? thanks
I’m looking at this system now, it may show promise, gonna do some back trading and see how it goes.
sure… i wait for ur result and findings… i just trade live using this system and it seems good…