Hello,
So far, all the Forex trading systems I have tested have been medium to long-term systems that make use of the long-term underlying trend. http://www.myforexdot.org.uk/forex-trading-systems.html
Has anybody tried any short-term cyclical trading systems? I'm thinking about a day trading system that uses the RSI and the ADX.
The ADX would be used to tell us when the market is NOT trending, and when it's not we could use the RSI oscillator to call short-term tops and bottoms. Is this worth looking into or am I most likely to be completely wasting my time with this one?
So far, all the Forex trading systems I have tested have been medium to long-term systems that make use of the long-term underlying trend. http://www.myforexdot.org.uk/forex-trading-systems.html
Has anybody tried any short-term cyclical trading systems? I'm thinking about a day trading system that uses the RSI and the ADX.
The ADX would be used to tell us when the market is NOT trending, and when it's not we could use the RSI oscillator to call short-term tops and bottoms. Is this worth looking into or am I most likely to be completely wasting my time with this one?