I have here a few months work in the forex and try several strategies, and i have adapted some following, and i created the following strategy it is very easy to use and has given me good results, i hope to help them (excuse me for my very poor english because i speak spanish):
indicators:
Linear Weighted Moving averange 55 apply to high
Linear Weighted Moving averange 55 apply to low
Ema 5 apply to close
[i use this indicators for the fibbonacci numbers(1,1,3,5,8,13,21,34,55)]
Macd as a filter
Buy signal
the LWMA's form a tunel and when the ema 5 cross up the tunel and the macd above zero buy
Stop loss: 16 + spread
TP= 16-80
sell signal
the LWMA's form a tunel and when the ema 5 crossing down the tunel and the macd below zero sell
Stop loss: 16 + spread
TP= 16-80
i use in the GBP/usd also in any pair gbp/* in the chart 15min also i have used in other pairs i works very well
i hope help them ...
happy trading
**************************************************************
i forgot if you trade gbp/chf SL=30 + spread
**************************************************************
exit strategy
when you enter an a buy:
I close position when the ema 5 croos again the LWMA Low
when you enter an a sell:
I close position when the ema 5 croos again the LWMA High
This usually gives a position winner and leaves a profit of 16 - 80 pips
but sometimes I had gains of 200 pips in the GBP/CHF
indicators:
Linear Weighted Moving averange 55 apply to high
Linear Weighted Moving averange 55 apply to low
Ema 5 apply to close
[i use this indicators for the fibbonacci numbers(1,1,3,5,8,13,21,34,55)]
Macd as a filter
Buy signal
the LWMA's form a tunel and when the ema 5 cross up the tunel and the macd above zero buy
Stop loss: 16 + spread
TP= 16-80
sell signal
the LWMA's form a tunel and when the ema 5 crossing down the tunel and the macd below zero sell
Stop loss: 16 + spread
TP= 16-80
i use in the GBP/usd also in any pair gbp/* in the chart 15min also i have used in other pairs i works very well
i hope help them ...
happy trading
**************************************************************
i forgot if you trade gbp/chf SL=30 + spread
**************************************************************
exit strategy
when you enter an a buy:
I close position when the ema 5 croos again the LWMA Low
when you enter an a sell:
I close position when the ema 5 croos again the LWMA High
This usually gives a position winner and leaves a profit of 16 - 80 pips
but sometimes I had gains of 200 pips in the GBP/CHF