Another excellent way to trade horizontal lines in the market is to simply watch for price action setups forming near the boundaries of a range-bound market. Choosing the time frame to check the tend against can be the tricky part but that is something that comes fairly quickly with practice. May effectie, at am Reply. You are a breath of fresh air to Forex traders. You would need a broker which offers a new york close for the time server feed for the data. Time frame: 30 min.
As we move forward we discover a strategy that fits only chosen currency pairs. Time frame: 30 min. Indicators: MACD 12, 26, 9Parabolic SAR default settings 0. Exit rules: exit at the next MACD lines crossover or if the market starts trading sideways for some time. The most active hours are 13 pm to 17 pm GMT, when two sessions overlap. You may refer to Forex market hours for more details. From my experience, i have found Parabolic SAR to be a very good indicator to trade this market.
Despite its good, it has got some bad sides as well. I'd look at 4 hour, 1 hour or 5 min charts depending on your trading objectives. I've never collected such statistics. I don't think it would have any value for future performance of this strategy. Great site you have. I have a question concerning this strategy. For a buy signal does the MACD crossover have to occur when below the zero line?
I have noticed that sometimes there are signals when the MACD fails to make it back down below zero and cross over again before going to the upside. These signals would appear to be weaker. Regards It is a good comment, thank you. Your observation is correct. Such signals are weaker as a rule. Ideally we want to trade Long with MACD lines crossing while below zero and go Short when the cross appears simple effective forex trading strategy zero.
Active traders Poll - share your live experience or read what others have to say. How to profit trading Forex. Trailing stop EAs MT4. Forex systems with MT4 custom indicators. Create own Forex system. Forex Polls - results. There are currently 7 users online. Submitted by Edward Revy on February 28, - Take upper hunter economic diversification strategy look at the next Forex trading system:.
Entry rules: When Parabolic SAR gives buy signal and MACD lines crossed upwards — buy. When Parabolic SAR gives sell signal and MACD lines crossed downwards — sell. Please what is the best time. It certainly can Hi Dennis. Hi Edward, awesome setups! And great feedback from you and others as well, Kudos! Pertaining to this setup, what is the max number of candles the signals can be separated by?
Submitted by User on October 4, - Please what is the best time in G. Submitted by Edward Revy on October simple effective forex trading strategy, - Submitted by Dennis on February 11, - Submitted by Edward Revy on February 12, - Submitted by Keith on March 6, - Submitted by Edward Revy on March 7, - Submitted by Paul on March 13, - Submitted by Edward Revy on March 18, -
Forex Trading Simple Strategies, I Made $11000 in 3 months
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