Intraday Trading Strategy

kombelele  

Hi

I use the following indicators when trading for an Intraday.

- 8SMA and 34EMA

- STOCHASTIC with 0.15 and 0.85

BUY

- When 8SMA crossed above 34EMA and STOCH is above 0.85, Go Long and Exit when the 2 MAS crosses again.

- When 8SMA crossed below 34EMA and STOCH is below 0.15, Go Short and Exit when the 2 MAS crosses again.

I found it useful to me when trading for a day. Preferred chart M15 and M5

robert3000  

Thank's for your excellent strategy . A question : 8sma is a simple or smoothed ma ?

Thank you and happy pips !

kombelele  

Its a pleasure.Try it you will have more winning trades

Cristian  

Can post some screenshots? Please.

Thanhks

[Deleted]  
kombelele:
Hi I use the following indicators when trading for an Intraday. - 8SMA and 34EMA - STOCHASTIC with 0.15 and 0.85 BUY - When 8SMA crossed above 34EMA and STOCH is above 0.85, Go Long and Exit when the 2 MAS crosses again. - When 8SMA crossed below 34EMA and STOCH is below 0.15, Go Short and Exit when the 2 MAS crosses again. I found it useful to me when trading for a day. Preferred chart M15 and M5

Thanks, this i great.

And i think it is the simple not smoothed

Jaden90  
What strategy is best to use when trading intraday and which currency pair is suitable for it?
Fernando Carreiro  
Jaden90 #: What strategy is best to use when trading intraday and which currency pair is suitable for it?

There is no "best" strategy or "best" currency pair for it!

There are many strategies out there, and each one can be applied to different symbols, based on the symbols fundamental behaviour.

You should take the time to learn how to analyse that behaviour, and then to apply a strategy that suits it.

Matt Fanning  
price action with  EMAs might be a good intraday strategy 
Sebastien Nicolas Paul Boulenc  
kombelele:

Hi

I use the following indicators when trading for an Intraday.

- 8SMA and 34EMA

- STOCHASTIC with 0.15 and 0.85

BUY

- When 8SMA crossed above 34EMA and STOCH is above 0.85, Go Long and Exit when the 2 MAS crosses again.

- When 8SMA crossed below 34EMA and STOCH is below 0.15, Go Short and Exit when the 2 MAS crosses again.

I found it useful to me when trading for a day. Preferred chart M15 and M5

This kind of strategy is too simple to apprehend the complexity of the market's patterns.

You will much likely end up loosing money.

If only a few people are successful, i.e, able to significantly over perform the market, it's because the task is very hard.