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If there's one trading-related activity that I really enjoy doing is creating simple mechanical strategies that have a statistical edge, and can be successfully used by anyone, regardless of experience level in the world of trading in general, and Forex in particular. This month I took a look at a moving average indicator called the GMMA (Guppy Multiple Moving Average), and tried to come up with a profitable strategy, based on a few simples rules. ___________________________________________► Brief introduction into the GMMA indicator Even though this tool (developed by Australian trader Daryl Guppy) is not available in the Dukascopy jForex platform, you can easily apply it to your charts, because it simply consists of two groups of exponential moving averages (EMA). The faster averages are 3, 5, 8, 10, 12 and 15 EMA, while the slower ones are 30, 35, 40, 45, 50 and 60 EMA. The way you trade with the GMMA is not by the typical moving average crossover you would expect, but by analysing and interpreting the interaction between the two groups (for example, if the distance between them is compressing or expanding), and also among the different EMAs within each group. However, …
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Dieselfx avatar
Dieselfx 30 Apr.

thanks for ur support, good luck to u too in this contest ;)

DumbAsArock avatar

Never too late for another +1

khalidamassi avatar

good work, I liked it +++

apsu avatar
apsu 1 May

good

foxybaby avatar
foxybaby 22 Mar.

not good. Looking at the equity curve in your backtesting. Winning trades until around trade 60. Afterwards constant loss until trade 120. If the trades are evenly distributed over time, then you have made profit between 2003 and 2007. From 2007 onwards there were only losses t come. If you start today, you would have to expect a losing strategy.

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Frequently released macro figures are good opportunity to show how you can take advantage of this kind of market events. Much is said about it, "do not play when the figures come", but why not take advantage of moves generated by them to open the next position or reconstruction of old? I am not talking about the entrance at the time of publication, but shortly after. Below I present it as a long position rebuilt, which was exited by my trailing stop (set slightly below the low of 7.30 GMT 06/03/11). Case was happened 06/03/11. The default timeframe is M10. From about 12:00 polish time (10:00 GMT), we could see a clear phase of waiting for figures reading and only the necessary foreign exchange is being done. Well illustrated by the GMMA, which took in the period before the publication of a very compact and flat arrangement. I found that market is general uptrend (based on H1 and D1), quite clearly and in accordance with that, I manage opened positions and open only long positions in daytrading. At 14:30 (12:30 GMT), NFP, the unemployment rate and average hourly earnings has been published. All data were clearly negative for the dollar, which caused the initial sh…
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przemyslaw avatar
przemyslaw 11 Oct.

Great job again! That's how every artcile should looks in this contest: many charts and brief explanations. In addition, author shows how easy can be profiting on the forex market.
Good luck in the contest!

ritesh avatar
ritesh 12 Oct.

Nicely written, quite detailed and informative article. Nice one..keep more coming. Best of luck and +1

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