Hi there to every one in Forex Factory, about a month a go I was reading Philip Nell thread about his 5 Min strategy, the only thing I disliked in the system, was having to look at my charts each 5 minutes, so for about 1 month, I’ve been back testing this system I’ve Tweaked, It gives very good results, but has some fails yet, so I would like to ask you guys to test the system, and give your opinion and ideas to fix some false signals.
I use an 10 and 21 Ema to find support / resistance, 50 SMA angle to give trend direction, and stoch (14,3,3) (known as FULL Stoch in OANDA), in my system stoch "is the boss" all the other indicators are secondary, the main one who gives the confirmation is the FULL Stoch, I’ve only tested on EUR/USD yet, on the next post I’m going to tell the rules of this system, templates, pictures and indicators will be posted here too.
Regards Marco
I use an 10 and 21 Ema to find support / resistance, 50 SMA angle to give trend direction, and stoch (14,3,3) (known as FULL Stoch in OANDA), in my system stoch "is the boss" all the other indicators are secondary, the main one who gives the confirmation is the FULL Stoch, I’ve only tested on EUR/USD yet, on the next post I’m going to tell the rules of this system, templates, pictures and indicators will be posted here too.
Regards Marco
Logic will get you from A to B. Imagination will take you everywhere.