Anyone had experience using "The edge Strategy"

[drayco]

I have been using the edge for the GBP/US with daily charts and it works great! I also use it with one hour charts, but i prefer the simplicity of only having to look at charts at 1700 hrs est. The charts she originally sent me covered this year to September and when a trade is up 400 pips use a 150 pips trailing stop. Seven out of eight trades were winners for a total of over 3,000 pips. Once i was able to reproduce the results i began trading and it works great! Another exit is when either indicator moves past the point to where it obviously would be doing the opposite of what got you in the trade. This keeps you in the trade and gets you out at just the right time. I don't know how it works with anything other than the forex, but i do know that 5 minute charts are too few pips to work. It does good with all the majors, but i like the GBP/US because it seems to trend better than the others. Anyhow, that's my experience with it and i couldn't be happier.

[mikejody]

Originally Posted by drayco

I have been using the edge for the GBP/US with daily charts and it works great! I also use it with one hour charts, but i prefer the simplicity of only having to look at charts at 1700 hrs est. The charts she originally sent me covered this year to September and when a trade is up 400 pips use a 150 pips trailing stop. Seven out of eight trades were winners for a total of over 3,000 pips. Once i was able to reproduce the results i began trading and it works great! Another exit is when either indicator moves past the point to where it obviously would be doing the opposite of what got you in the trade. This keeps you in the trade and gets you out at just the right time. I don't know how it works with anything other than the forex, but i do know that 5 minute charts are too few pips to work. It does good with all the majors, but i like the GBP/US because it seems to trend better than the others. Anyhow, that's my experience with it and i couldn't be happier.

Drayco, thanks for this report.

How often do you make trades using the daily chart? And when you say that you just look at the charts only at 1700 EST, is that to verify how your trades are going, or are you looking to enter/exit at that time of the day?

Also, what charts/trade platform are you using? I have not been able to get the Edge system setup properly using platform.

Looking forward to hearing from you as able.

[TraderABC]

Originally Posted by birdjaguar

currencies which are known to be the best trending vehicles to trade. It would make more sense to use this kind of strategy .

Please explain. Currencies barely move compared to stocks. Stocks can trend, currencies just barely move along...

[mikejody]

Originally Posted by TraderABC

Please explain. Currencies barely move compared to stocks. Stocks can trend, currencies just barely move along...

Um, what Forex chart have you seen (or rather, NOT seen) in the past 10 years? Forex is ALWAYS a HIGHLY trending market, if observed over a month or two time frame, and usually every week, and many times every day. For instance, I made 65 pips just today, which is common.

[TraderABC]

Originally Posted by mikejody

Um, what Forex chart have you seen (or rather, NOT seen) in the past 10 years? Forex is ALWAYS a HIGHLY trending market, if observed over a month or two time frame, and usually every week, and many times every day. For instance, I made 65 pips just today, which is common.

I was looking at 1month 30 year charts...

Anyhow, stocks for example can move 10% (or even 30%) in a day, not like currencies who barely pull couple% per day. Stocks can move 1000% in few month. Please show me the major currency that can grow 1000% in few month!

'NUFF SAID.

[rparedes]

When are people going to learn that the only way you will ever be successful is to stop listening to other people and buying their bogus products. Did you ever take a Calculus test? You can have all the formulas in the world sitting right in front of you during the test and you will still fail if you don't know how to apply that formula. If you know how to apply the formula, you don't need anyone else.

[fxmktlgc]

Currencies have a larger range than stock indices. Ask anyone who trades emini futures. A lot of stock index traders have moved to currencies (as well as crude oil, gold, etc.) because stock index futures have become so choppy.

Yes, some individual stocks can move a lot more than currencies. But these stocks (often penny stocks and other high-risk ones) have their own issues. One of main problems is that they aren't as liquid as Forex.

Originally Posted by TraderABC

Please explain. Currencies barely move compared to stocks. Stocks can trend, currencies just barely move along...

[wotzit]

I find the 21 ema sometimes useful to keep you from being whipsawed from a trend, also another idea would be to use the RSI combined with the MACD.
Let me explain......... Firstly, select the RSI indicator and make sure you have a horizontal line set to the vaue of 50. You can leave the MACD to default. Wait for the MACD to have a bullish cross-over (the blue line crosses up over the red line) but wait until the RSI has passed through the 50 line too before considering a long trade, reverse for shorts. Now the usefulness of this simple system (which I'm giving away for free as it's Xmas and I'm like that anyway) is that it filters out most false MACD and RSI signals which you would have taken if you had used them on their own.

Go on and give it a try, it's not the holy grail, but what is? Tell me how you get on.

*Remember they both have to line up.*