Teodosi forex

Ex: If you are in a sell trade, RSI and Stoch are oversold and there is an up candle that closed at least the middle of the last down candle. Then open buy trade. So, that's it. It's really simple. As this isn't my system, I've backtested it for a while and everything seems good. Most of the trades close well at profit, however as in every system there are losses and you should be aware of that I posted this system from another page in order to spread it to other traders and together better up the system.

In my backtesting experience I found that although it gives great profit, there are times where it gives a false signal and that's when it hits the stoploss. I don't know too much about indicators but there might be one or two that should help in decreasing the number of false alarms. Another thing, I found that some false alarms were avoided if you waited until the RSI crossed the 60 or 40 depending on the type of trade instead of the original And for the Stoch it was more effective to take into account overbought at 70 and oversold at Also, there might be cases where you can take into account 2 bars comparing them to the previous one, but I'm not sure when you decide that, might be if the first bar was too short.

That was in the original post comments if you want to check better. However any whipsaw on the 15m would also occur and take you out on the 1h or, indeed, on any time frame. The 1h tf would encompass all the tfs below it surely? In other words any whipsaw on a lower tf would be reflected on all the tfs above it. Or am I missing something? Maurice Submitted by asad on July 5, - Thomas Submitted by User on May 25, - Hi Mr Teodosi I am a newby of forex trade, can i ask u ,what long and short mean?

You need 12 WMA instead. All indicator values are applied to Close. If everything is set correctly, then I'm not sure why it's so on Trading Station. To compare results, try any other demo account on another platform. Best regards, » Submitted by Jing on May 24, - Hi, I just started testing this strategy with a few pairs.

Is it wrong to put my indicators on close? Is this a good signal or not? Thanks, » Submitted by User on May 23, - Hello to all. I just come to give you some tips of how to use any system. This is pretty simple and good strategy.

Confirm. calculating profit and loss forex really. agree

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