Dear Traders and
launched ECR JForex Strategy in OCTOBER ‘2011
strategy contest. It’s been over Three Months and its Demo Performance has been
very good in spite of the hard times many forex trading strategies have been
through in STRATEGY CONTEST.
this article I am going to review of very simple strategy ECR’s last three month’s
performance and also Explanation of this strategy.
the last three months except NOVEMBER “ECR” gave very steady profit over the
pairs of EUR/USD and AUD/USD.
Introduction about ECR:
strategy I used three indicators to create LONG and SHORT trade.
– Exponential Moving Average, Time Period – 34.
– Commodity Channel Index, Time Period – 14.
– relative Strength Index, Time Period – 14.
Used 10 mins chart for this strategy on both the pairs EUR/USD and AUD/USD.
ECR trades are on the pairs that take about 30 pips in profit and 50 pips in
PROFIT LEVEL = 30 PIPS, STOP LOSS LEVEL
= 50 PIPS.
Performance of ECR:ECR Produces
above 80% of winning trades on both OCTOBER and DECEMBER months. In December I used
AUD/USD pair it produces 89% winning trades. In October I used EUR/USD pair,
ECR produces 81% wining trades.
October strategy contest results ECR finished with Rank -- 1.
November strategy contest results ECR finished with Rank – 17.
hope in December strategy Contest ECR will finish in top of the table.
Below I attached RANK/BALANCE chart and STATISTICS for the month
of October and December.
DECEMBER Performance on AUD/USD Pair:
OCTOBER Performance on EUR/USD Pair:
ECR TRADING STRATEGY SYSTEMS:
I will try to explain in details the idea of the ECR Trading Systems.
BUY TRADING SYSTEM:
that ECR system a signal to SELL occurs if the 10 mins candle Close above EMA
34 at the same time Commodity Channel Index -- CCI (14) below -100 level and Relative Strength Index – RSI(14) below
SELL TRADING SYSTEM:
In that ECR system
a signal to BUY occurs if the 10 mins candle Close below EMA 34 at the same
time Commodity Channel Index -- CCI (14)
above 100 level and Relative Strength
Index – RSI(14) above 50 level.
Here I have to end the explanation, the main purpose of the first article is showing to a reader my own
method of writing Strategy's and offering an very simple and easy Strategy's. As for the Strategy that are included into the article as examples, please
note that the are too simple and can be hardly used for a full-valued