Mister H when you first explained your simple 50sma/100sma you said that I should wait until the 50-100 are above the currency. Then when the currency goes above the nearest SMA to enter the trade if…
Mister H when you first explained your simple 50sma/100sma you said that I should wait until the 50-100 are above the currency. Then when the currency goes above the nearest SMA to enter the trade if the MACD was in agrrement. My problem is if the currency starts above the 50-100 how does it go above the nearest SMA whwn it supposedly is already above the two of them? Do I make any sense.
Thanks Ed
Thanks Ed
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Comment by Mister H on November 3, 2008 at 9:43am -
Well, it's not a situation where you always want to be taking every entry signal the strategy gives.......i.e. going long, then going short when it goes the other way, then long again when it crosses the 50 again. Remember, this is a TREND strategy.......only trade with the trend. Some pairs trend very well, others do not. Try pulling in lots of data - or going to a larger term timeframe to judge if the pair tends to hold trends well. Use the 100 (angle and direction) to help you determine the trend. Only take the signals that give you trades that go w/ the overall trend.
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