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[req] momentum power strategy


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Without reading the ebook, ONLY guessing from the included charts from the sales page, the indicators look like:

(a) 10 period SMA on candle close, and

(b) 10 period Momentum.

 

Entry when:

 

(1) divergence (e.g. if price gave higher high, but momentum line gave lower high, then wait for sell signal), and

(2) confirm by seeing price cross over to the other side of SMA, and

(3) momentum line crosses over the 100 center line

 

Stop loss: probably other side of the SMA, or recent high/low

 

Target Profit: go for at least 1:1 Reward:Risk ratio

 

There may be other finer points in the author's method, but the above guessed rule set seems to fit most of the charts on the sales page.

 

Cheers.

 

***** UPDATE *****

 

Now that ForexExpert has generously shared the actual ebook in post #4 below, my "guesstimated" indicator settings are different from the author's real ones. It seems the author intentionally showed different settings in his charts on his sales page, and not the ones he uses in the ebook. So read the ebook instead of my above guess.

Edited by dukeaugustus
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