hi. iīm have being reading forexfactory threads for a long time, but this is my third post here.
i just want to post my system and see people reaction to it.
THE BASICS:
1- i use a channel created by two moving averages in the dailly channel as my first reference to take a trade. those 2 MA are 2period linear weighted MAs, one aply to high price and the other to low price.
2- when price go above the upper MA iīll look for a sell. when price go bellow the lower MA iīll look for a buy.
3-the entry signals are taken in the 5min charts by spoting higher lows and lower highs priceīs formations.
i use a multitimeframe MA so i can see the dailly channel in the 5min chart.
and i use this indicator to spot higher lows and lower highs more easly
i just want to post my system and see people reaction to it.
THE BASICS:
1- i use a channel created by two moving averages in the dailly channel as my first reference to take a trade. those 2 MA are 2period linear weighted MAs, one aply to high price and the other to low price.
2- when price go above the upper MA iīll look for a sell. when price go bellow the lower MA iīll look for a buy.
3-the entry signals are taken in the 5min charts by spoting higher lows and lower highs priceīs formations.
i use a multitimeframe MA so i can see the dailly channel in the 5min chart.
Attached File(s)
MTF_Moving_Average.ex4
4 KB
|
706 downloads
and i use this indicator to spot higher lows and lower highs more easly
Attached File(s)
BBands Stops1.ex4
6 KB
|
643 downloads