Profitable trading thanks to MoneyTec forum

[fxPhreak]

Mark333

I hope at somepoint you will respond to some of the questions regarding your system.

I have one for you:

When the cle crosses the 30 pip threshold signaling a buy/sell do you wait to see if the cle closes above the 30 pip mark then buy/sell or do you have entry order placed at that mark that triggers automatic buy/sell regardless of where the cle closes?

Best Regards thanks for sharing
Jack

[mark3]

Hi fxPhreak I would very much like to hear about your refinements to my system that is one of the great things about this forum that we can all take part try to make the best possilbe system for us all.

fsolitro thankyou for your suggestion i will try it lets see how it goes.

Regards

Mark3

[compro00]

Hi all

After reading this thread Mark3 thanks for sharing the system. The entry is more or less fine tuned what abt the all time important EXIT strategy ?? hmm...

[mibill]

Hello Mark everyone

Mark thanks alot for the inspiration. I have gone down that road yes i believe there is hope if u learn abt fx urself trade ur own style. This forum has been a gift for all newbies great place to learn each other build upon our knowlegde. THANK YOU MARK

[graemenash]

I'd also like to thank Mark for posting his system here.

I've been using the system in conjunction with GfxTrader's system I get into a trade when both systems "agree".

Having gfxtrader's system running on the same screen allows me to pinpoint entries a bit better. Sometimes all the indicators will line up but the currency will only have moved 15-20 points the MA cross. This however is good enough confirmation for me can help eke a few more points out of each trade.

I'm also using 14-period RSI but I think of it in terms of over 60 is a buy below 40 is a sell. Between the two means rangebound wait for further confirmation.

I've had my setup like this for about a month or so it's been my most successful trading month by a long way.

Attached a screenshot of how I have everything set up.

[dynamicsoul]

graeme..

could you point me in the direction of the perky-z indicators needed for this system please


kind reagrds
lee.

[graemenash]

http://www.moneytec.com/forums/_showthread/_s-/attachment.php?s=&postid=59954

[zenseven]

Originally posted by fsolitro
Peaches Zu

Thanks for the linksI got the indicators up running.

Mark3 this is a great system however I will make a little modification on it:

Instead of waiting 30pips to pull the trigger I will add 14 period RSI go long as soon as RSI is above 50 short when it is under 50.

Please let me know what you think this is just an idea to improve this great strategy.

Best Regards

Franco

I have the same idea but I 'm waiting for 30 pips checking if RSI is not above 70 (enter long) or RSI is not under 30 (enter short)