วันพุธที่ 12 มกราคม พ.ศ. 2554

Free Forex Trading Strategies

Author: Emeka Peters


The name of the free forex strategy which i am about to reveal to you is 1d simple strategy. The time length for trading it is daily. You can use any currency pairs. The indicators which you can use are 28EMA on main window, RSI(8), Monthly Pivot, ATR(20)on RSI window and EMA(8)on RSI window. Utilize the 28EMA to find out the trend path on the day to day chart.

The long entry rule: RSI need to pass from under to the top of EMA(8). You should get in at the time a recent candle unfolds and the RSI is still on top of the EMA (8).

The short entry rule: The system you should use for the short entry rule is the opposite of the long entry rule.

Stop loss: the stop loss should be seventy-five percent of the value of the ATR(20)
Take profit: you should utilize the support and resistant of Fibonacci or the month to month pivots. Allow the profit to continue.

The way to include the EMA on the indicator of RSI for persons trading on MT 4 platform is:
1.  You should initially input RSI.
2. Haul and leave the indicator of the EMA in the window of the RSI. When you are through with that, simply chose "Apply to: Previous indicator's data". Once you do this, the EMA will be employed to the RSI.

You should only use this forex strategy for daily chart. It should not be applied to hourly because it may incur a lot of losses.
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Article Source: http://www.articlesbase.com/currency-trading-articles/free-forex-trading-strategies-4013758.html
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