wonghowjun
Recruit
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- 2
Hi, After alot of loses in trading forex, I finally got fed up and lose confidence in my system already. However I found another system that seem quite promising. But I dare not use it as I'm not courageous anymore. Can anyone try it out and give me some idea? It's a scalping system. Here it goes:
Plot 3 EMA (13, 21, 55)
Set up MACD (8, 21, 8)
Enter trade:
Long - when bar is above all 3 EMA and MACD 2nd bar above 0
Short - when bar is below all 3 EMA and MACD 2nd bar below 0
Recommended time frame is 1H and 10-15 pip scalp.
What do you all think? Will it be better is MA is simple or Exponential?
Plot 3 EMA (13, 21, 55)
Set up MACD (8, 21, 8)
Enter trade:
Long - when bar is above all 3 EMA and MACD 2nd bar above 0
Short - when bar is below all 3 EMA and MACD 2nd bar below 0
Recommended time frame is 1H and 10-15 pip scalp.
What do you all think? Will it be better is MA is simple or Exponential?