Forex strategies revealed | FSR Forum

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

That's simple indeed, thank you!

Where do you plan to take profit and exit?
Also, what are your stop loss rules?

Best regards,
Edward

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

Screenshoot; please ...


Kind Regards;





Manus168

manus168 wrote:Screenshoot; please ...

you're asking him to supply a screenshot (spelt with 1 o) of a chart comprizing of 3 moving averages??
what's so complicated that it requires a screenshot for folks to peruse?

if you're even remotely interested in checking it out, surely you can manage to sling 3 moving averages up on your chart screen & look at the pretty pictures can't you?

I mean come on, it'll take you all of 20 seconds to put them on & no more than 10 or 15 minutes to toggle back thru a 60 minute chart to observe the history over the past couple months/quarters.

spotfx,

yes, it's true

tks

@SpotFX;

If we provided with a screenshoot; it will make this forum to be more colorfull.

Cheers;

Here's the screenshoot :




Kind regards;





Manus168

hello,

is this sytem good? really very profitable?

please share ur experiences.

thanks

follow strictly on the rules, you would be safe


kclkcj