Who’s online There are currently 6 users online. Submitted by Edward Revy on February 28, 2007 – 14:49. North south direction indicator forex Forex trading system represents a well thought and very simple combination of indicators. Knowing what signal to look for with each indicator, provides a strong tip for good entries and exits.
Exit rules: when 5 EMA and 10 EMA cross in the opposite direction or if RSI crosses the 50 mark again. Advantages: allows filtering entries and thus is more accurate. Disadvantages: 5 and 10 EMAs can give very early exit signals. Submitted by User on June 30, 2007 – 21:20. This strategy works well, IF you are patient to wait for the RSI to get above or below 50 and the EMA to actually cross. Almost without fail, whenever I’ve tried to ‘get ahead’ of these indicators by ‘anticpating’ that they were going to line up-the trade failed. Best to wait until the indicators are just as suggested.
Submitted by User on October 4, 2007 – 20:44. Submitted by Edward Revy on October 5, 2007 – 02:53. It should say “oversold” for Sell orders It’s been fixed. Thank you for pointing that out. Submitted by Jorge Cano on November 5, 2007 – 17:13. Jorge Cano and i’am from Colombia, therefore my english are not better language, but i will try to do my question of the better way possible.
Is necessary that in the moment that Emas Cross, Stochastic and RSI are in the levels indicated? Are the best that i found of Forex in Internet. Submitted by Edward Revy on November 6, 2007 – 05:45. There is no requirement for EMAs, RSI and Stochastic to signal simultaneously. If we have EMAs’ cross, but Stochastic and RSI are not in the levels indicated, then we simply wait till they reach those levels. Once all conditions are met, we can start trading. Submitted by Jorge Cano on November 6, 2007 – 14:39.