Originally Posted by
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Trading forex without a egy and even having one which you cannot abide to, is a really terrible thing to do, cos you'll also end up lossing money pretty quickly than you earn. We was having the same type of Problem not untill I moved to a lot of back and research testing of my program and even since I discovered Trading Fx as part of cake.
So will like you present you all my trading egy, if you can trace it, its really powerful.
First has been tarding off the 15min chart, but not trade off the 1Hr Chart cos I reduce a lot of false signs that the decreased charts will provide. So I use the 1 Hr chart to identify a trend and I go to the 15Mins chart for a better entry point. Pls note having a better entry point is very important since price action some time retraces dramastically before continue its move towards the direction of the trend.
So, Below are my Strategy indiors:
Fundamental indiors (Reading afterward News)
Technical Indiors:
1. 1Hr Chart, 30 Mins subsequently go to 15Mins.
2. MACD (To spot Divergence Just)
3. Multiple EMA (Exponential Moving averages)
4. ADX (Average Directional Movement Index) Identifing the Trend
5. RSI (Relative Strenght Index)
6. Stochastic
7. Pivot Points.
I will Post the appliions of the this indior within my subsequent post.
Jamiu.