|
|
|
| |
You don't understand a specific financial term ? Visit our Forex glossary
|
|
-
Generate Your Own Reliable Signals
I generate my own signals. And my simple system works in all time frames. But you only have to stick to one time frame and follow it strickly.
My system works like this:
30 minutes chart for my day trades.
Candle sticks. On the chart I use 20WMA and 30MA
And then I plot RSI 14 and MA20 on the RSI
Back test this and find out which timeframe suit your personality.
How do I generate my signal, when price is above both wma20 and
ma30 and the candle opens and close above I go long.
If the candle opens and close below both wma20 and ma30, I go short.
With this system, the broker cannot chase after your stop.
You can generate your own signal on any currency pair on anytime frame
it works. You can refine the system to suit your personality.
For every 10 trade signals I have generated only 1 failed and that is because
I did not close up the position to catch a small profit. So discipline yourself
use it and you will be fine.
Check out http://www.mlmincome.net/forexprofits.html for ways to generate
your own signals and really make money in forex.
Goodluck.!
Similar Threads
-
By billaaa777 in forum FX Articles
Replies: 0
Last Post: 06-28-2009, 09:29 AM
-
By billaaa777 in forum FX Articles
Replies: 0
Last Post: 06-13-2009, 02:09 PM
-
By hawkdk in forum Forex Forecast
Replies: 7
Last Post: 11-07-2008, 04:50 AM
-
By smoky8 in forum Software
Replies: 0
Last Post: 04-14-2008, 05:35 PM
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
Forum Rules
|
|
|