Wednesday, May 10, 2006

Another Trade system

http://www.tradecurrency.ca/daytrade.htm

Description: An intraday trend following trading method, using the following indicators:

5 period WMA
10 period SMA
Slow Stochastic (5,3,3)
RSI (14)

MACD (default)

Rules: Add the above indicators to your 10 minute chart. Only take trades between 8AM-12PM EST and/or 2AM-4AM EST.


BUY the exchange rate when the 5 WMA crosses up past the 10 SMA and the Stochastic is signalling up, RSI > 50 and the MACD histogram >0 and MACD averages crossed up.

SELL the exchange rate when the 5 WMA crosses down past the 10 SMA and the Stochastic is signalling down, RSI<50

http://www.dailyfx.com/FinanceChart.html?symbol=EUR/USD

Not now,but later, at 2 pm EST (new york time) the forex will be open again.
But not trade with real money, cause 2pm est is too ,see the rules above,but u can test if the indicators works.

0 comments: