Quote:
Originally Posted by gaquino
Hello all,
I use a 10day and 25day MA, for signals, on a 4 hr chart.
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I have tried using the Triggerline, HMA and Brain-1 indicators on a daily chart. There will always be slight overlaps around trend changes, but once a trend is caught, it's boom town Charlie. The "risky" part is in the starting leg. If the new trend turns out to be a small one, there will be a small loss (plus negative swaps in a SELL situation) at the next trend change. Make sure to have sufficient capital to withstand this probability before the system latches on to a longer trend. The worst scenario is a choppy price movement, which is more likely to occur in a H1 or H4 chart. A good alternative is to hedge 2 pairs instead of trading a single currency. You can end up receiving positive swaps even in times of adversity. But of course the downside is the need for extra margin. Still, the swaps are a lot better than the interest rates you can ever get from the mafia (banks).