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Old 10-17-2006, 12:44 PM
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Request: System or/and indicators for GBP/JPY

Does anybody have a good Trading System or good indicators for trading GBP/JPY very successfully (maybe on M15-M30 charts)?
I hope someone to share his secrets
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Old 10-17-2006, 01:09 PM
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Quote:
Originally Posted by evgeni1980
Does anybody have a good Trading System or good indicators for trading GBP/JPY very successfully (maybe on M15-M30 charts)?
I hope someone to share his secrets

that pair takes really big balls to trade. I have tried "tried"

I sugest a really big account and small positions too.

I too would be interested in a good system.

Dave
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Old 10-18-2006, 09:49 AM
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evgeni1980 you're in EA section, maybe more success if you ask in other section ^^


watch that systeme, it's something close to the tlatomi system
i make it for trad gbpjpy
i try to make an ea with that
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Old 10-18-2006, 10:06 AM
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be very very carefull. as you can see on the daily chart the last 25 days are completely sideways.

25 days of bad trades can put a seriuos dent in an account if it don't wipe you out.

s/l needs to be larger than 65 pips. I know cause I have tried to trade this pair and had s/l nailed right befor it went to my target with out me. I have lost probly 150 pips in this pair the last 2 weeks.

I'd wait for it to break this range and make a couple of good waves befor attempting to trade live money on it. And practice on a demo and experiment with s/l too.

But template and system looks good. once it gets out of the range.

dave
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Old 10-18-2006, 11:58 AM
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yep, that 2 week i get not good signal
but i use this system for almost 3 month, quite good result in the past.

for gbpjpy i try something in demo acount from last 2 week

3 ma for daily and gbpjpy

1ema 8
1sma 16
1ema 55

the ema 55 give the trend, if ema is under, up trend and if on top, trend down

after you find the trend, just check the 8 and 16 ma


buy when fast ma cross up the slow ma when trend up
sell when fast ma cross down the slow ma when trend down

very very simple
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