Disclaimer: I dont claim to be an expert in Forex
There are a number of Bitcoin-accepting Forex Exchanges/Brokers out there, so I just thought it would be fun if there was a thread where Bitcoiners could share their non-BTC currency pair strategies & share FOREX ideas/signals with other Bitcoiners. To what end? Help everybody here make more Bitcoins of course
I'm currently testing various ideas out using the ForexMetal demo account. I have traded Forex before but not exceptionally well, and never with Bitcoins as my deposit method, so naturally this takes it to a whole new level
Right now I'm testing out a nice little reversal strategy involving the Awesome Oscillator (which really has been awesome, in my experience) and the stochastic on the M5 chart.
Essentially I won't buy on overbought or sell on oversold. My buy/sell trigger is the AO switching direction. I also am a big fan of stochastic divergence trading, no specific strategy, sometimes it looks good to trade on and sometimes its ridiculous. Generally if there is bullish divergence AND its oversold, I just buy and be done with it, ignoring the IO. Same thing goes for selling.
Do you think this strategy has any hope, do you have any of your own to share, or any improvements?
