Tutorial Momentum Forex Trading system

[abuadam1791]

airs: all
Time Frame:15 and higher
Forex Indicators:
21 SMA;
11 SMA
Momentum 30
RSI 14
Enter Long Position:
When Momentm >100 and SMA 11> SMA 21 and The price is >Crossing up.
Enter Short Position:
When Momentm <100 and SMA 11<SMA 21 and The price is <Crossing down.
Exit Position:
RSI, that determine oversold/bought conditions, will be the first to let you know when rally is complete, or losing strength, by approaching to extreme readings; that will signal your exit point, giving you the chance to profit as maximum as possible in a risk controlled environment.

 

[Shallen Berry]

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[alvarogj]

I have traded a lot of systems based on momentum and I still haven´t found one to work properly. I will take a look to this one.

 

[rick2flee]

Great i love to test this system and how this system works.

 

[Fredericks]

@abuadam1791, thanks for giving out this insightful piece. I was wondering, could an indicator be made outta it? If yes, would you know if any existed already?

 

[Fredericks]

By the way, has anyone tried it out yet and what's your experience with it? Definitely looks promising.

 

[asd13572]

thanks for your sharing it is quite good for analying hope there is a EA doing this

 

[fxmuru]

Seems interesting and thanks for the sharing. can someone share the system here..

 

[jmd1982]

Has anyone had success yet with this system? I will give it a go and report back.