FX Trading Strategies For Forex MA Crossover To Avoid Whipsaw?
“I am looking for what is I assume one of the more specific FX trading strategies. What I need is a good Forex MA crossover technique with an exit strategy that avoids whipsaw? I’m not sure if that is possible, but if it is, I would really appreciate to see what works for you. I would also appreciate some recommendations for good Forex trading courses. Thank you very much!”
A reader submitted the above question about FX trading strategies for Forex MA crossover to avoid whipsaw…
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Hello there,
I am not sure this is what you are looking for:
My style is make 5% a day…..trade on GBPJPY…..doing this will take $1000 to $1 Million in 9 months flat…..for proof of concept see my statement:
http://zapun.com/X2.htm
Regards,
Suthan
sap.mbbs@gmail.com
There are large numbers of active traders that will be willing to give you their two cents on MACD and moving averages, but avoiding whipsaw really is dependent on the time period you are trading. Several hundred pip moves preceeded by a head fake are common in short periods on the Forex after large news events. These are hard to predict and often correct themselves within a day or even in the next trading session.
MACD (and moving average) is a good signal in Forex trading, but is not really a leading indicator. MACD is only useful when combined with other technical indicators, such as many chart patterns, and candlesticks as well. Often in Forex, by the time the MACD changes trend, the trade is already in a loss. Again, this is very much dependent on your time frame, and with most trading interfaces you can adjust the settings on your MACD to better fit your trade.
As for recommendations on learning more about MACD, I would suggest Peter Bains Forex Mentor course. His website looks a little hokey to me, but I have seen his materials and taken courses from some of his instructors and found them to be both honest and very worthwhile.
Administrator – The Forex Mentor website: http://www.forexcustomerreports.com/recommends/forexmentor