Munzer - South Lebanon submitted own Forex system:
"Hello
I am using this strategy and it works well with me
I like to share it with others
This website is the best I have got use off
Mine is on 1 hour chart:
Two EMA of settings 5 and 15 - close
Two EMA of settings 144 and 169 - close- vegas 1 hour tunnel
asctrend2 for determining stop
MACD settings 12,26,9
RSI settings 21
Trend trigger mod
Entry long:
EMA 5 and 15 crossover upward
crossover of MACD lines upward
RSI(21) > 50
and TrendTriggerMod upward
Short entry:
EMA 5 and 15 crossover downward
crossover of MACD lines downward
RSI(21) < 50
and TrendTriggerMod downward
Hint1: do not make the trade if trendtriggermod do not agree the others
Hint2: beware of the 2 EMA's 144 and 169 They work well as Support and Resistance
Exit: Use new crossover of MACD lines
Stop loss depends on asctrend2 or use ATR(14)*2"
Munzer, our greatest appreciations for contributing this Forex system!
Thank you! Well done!
Munzer Forex System
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