I just found out a very good strategy based on trend which can grab 100-200 pips per trade. originally I am not the one who create this method but i just want to share with you all because i have some difficulties in exiting the trade and maybe on entering the trades(during ranging) too but hopefully we all can sort it out to filter those false signals.
Pairs Any...........Currently i use EUR/USD
Time frame 30min-1hr and it may be used for
scalping Indicators 9 SMA on close
100 SMA on close RVI = 100 (relative vigor index) same as Sidus' indicator.
Method LONG - When the 9 crosses above the 100 SMA Buy and it helps if the RVI is above 0 SHORT -When the 9 crosses below the 100 SMA Sell and it helps if the RVI is below 0 (EXIT) Close your position and reverse it when the 9 crosses back or Close the position when the price crosses back over the 9 SMA by 20 pips. Additions You may generally have periods when the price may whipsaw 1 or 2 times in a row, but 80-90% of the time when the 9 crosses the 100 you will catch an awesome move.. I trade only the EUR/USD on the 1 hour (1 to 2 trades a week) Let's get together and run this system to see how it goes. Here is an image of the system in play
Pairs Any...........Currently i use EUR/USD
Time frame 30min-1hr and it may be used for
scalping Indicators 9 SMA on close
100 SMA on close RVI = 100 (relative vigor index) same as Sidus' indicator.
Method LONG - When the 9 crosses above the 100 SMA Buy and it helps if the RVI is above 0 SHORT -When the 9 crosses below the 100 SMA Sell and it helps if the RVI is below 0 (EXIT) Close your position and reverse it when the 9 crosses back or Close the position when the price crosses back over the 9 SMA by 20 pips. Additions You may generally have periods when the price may whipsaw 1 or 2 times in a row, but 80-90% of the time when the 9 crosses the 100 you will catch an awesome move.. I trade only the EUR/USD on the 1 hour (1 to 2 trades a week) Let's get together and run this system to see how it goes. Here is an image of the system in play
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