Profitable and Simple Trading Strategy

[crushbeat]

hello,

any updated results?
tq

[crushbeat]

Hi,

How long have u been using this system? how profitable is it?

thanks

[kclkcj]

please see my reply dated 24 dec

regards

[bullshit]

Edward,

thank you for your reply,

i) SL-40, TP-30 except for GBP/USD and EUR/JPY, SL-60, TP-50

ii) Exit when SMA21 and SMA50 cross again

Hi,

I like this strategy very much because of its simplicity Most strategies are much too difficult You have to be a kind of Albert Einstein to understand, that's my opinion. Maybe I am to simple For as far I can see now the best is to choose pairs which are volatile. I think this simple strategy will work fine on Oil and Gold too.

Exit only when SMA21 together with SMA50 cross again. Otherwise your TP is coming too soon. The choice is yours. I prefer cross again.

Thanks a lot!

Regards from The Netherlands,
Bullshit (please call me Jilles)

[manus168]

I hv demo trade below strategy, its very simple but very profitable...kindly try it out

a) Plot SMA 21, 50 and 200

entry rules:-

i) SELL entry - SMA21 & 50 MUST below SMA200

ii) BUY entry - SMA21 & 50 MUST above SMA200

iii) entry only could be made after completion of a candle

iii) time frame : 1hour

iv) any currencies pair

I thing you should add some aditional filter such RSI(10) looking for Convergence / Divergence; or you should add a Pivot Point, or Fibonacci Retrachement ; because If you only use Lagging indicators (e.q. SMA,MACD, etc) for the long run is hard to be profitabel,we must add and combine with Lead Indicator (e.q. Pivot, Fibonacci, etc) for a better result in a long run.

Kind Regards;



manus168