View Full Version : Moving average/trend following strategies
Hello FX crew,
Do any of you employ moving average crossover strategies in your FX trading? I notice a lot of you talk about Gartleys and butterflies. Is FX generally very trendless compared to indexes and shares?
Cheers
in a discussion I was recently having there was an agreement that one tends to get whipsawed with these and that overall (in backtesting) they lose.
ichimoku is a moving average indicator tho and it can be useful.
Bringing up an old topic...
If trend following strategies don't work too well, what are the good ones for forex? Classic charts (double tops, H&S, etc)?
Are there any useful volume indicators?
Steve
08-01-2008, 09:22 PM
The fx markets do trend, just the volitility is greater. I don't use vloume indicators for fx.
AMR
Ichimoku would give you an all over system. (Moving averages, support/resistance, trend, etc.
You could add Macd or RSI as an additional confirmation tool.
Works best on longer time frames..... daily+
Check the chart once a day - thats all that is required.
Search the Ichimoku Magic thread here.
example
http://www.updata.co.uk/chartoftheday/cod190105.gif
arco
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