Forex Trading system that works
About the Author:Smith 3272TV
Posted: 05/01/2008-22/09/2010 || Rate this Article: 3 || Views
This article does not represent an incentive to invest on Forex or any other system, and you must be conscious that you assume your own risks as soon as you invest on a market like Forex.
And now, about the method...
In order to apply my Forex Method, you need to have a minimum knowledge about how to read charts, or how to set indicators.
First Step:
You need to set your chart to a 30 minutes timeframeSecond Step:
Set up 2 indicators: one simple moving average (MA) set to 4 period - one MA set to 75 periodThe method is quit simple, and gives you BUY or SELL signals:
- If MA4 crosses MA75 upwards, then BUY the pair
- If MA4 crosses MA75 downwards, then SELL the pair
Does it seem to easy to work?? Take a look at the history of charts, you will be amazed by the results!Some important tips about this method:
- Protect your trade with a Stop Loss, set at 25 pips from the entry point- Try to get quick profit from your trade: do not wait for a +150 pips result, +15/25 pips is a good level!- Do not trade against the trend: if all indicators are "up", do not trade "down", you will never change the market, even you think you are right!