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200 SMA Filter

January 30, 2008

Many trades seems to be concerned about using or not using 200SMA as a filter. So I would like to clarify few things.

Using the 200SMA filter and AES gives us plenty of signals every week. 200SMA does keep us out of many profitable trade which are against the trend. However we are not trying to capture every move.

It is not the number of pips which is important. If you can constantly make even 100 pips in a month, you can make a lot of money by using right number of lots.

Fewer but more successful trades is the way to go.

Cheers,
OzFx

Written by OzFx · Filed Under Updates