Forex stupid guy system

Forex stupid guy system

Posted: MKV On: 09.07.2017

When I was first told about the system I was very excited. The system is based on MACD and MACD crossovers, one of the pillars of my own trading strategies. MACD is a great indicator for Forex, equity and binary trading. The Stupid Guy System is based solely on MACD crossovers.

MACD, moving average convergence divergence, is a technical indicator that utilizes two moving averages. One average is longer and sets the trend, one average is shorter and delivers the signals. The way it works is when the two moving averages move closer and farther apart, converging and diverging.

In an uptrend when the signal line crosses over the trend line you get a buy signal for binary calls. In a downtrend when the signal line crosses under the trend line you get a signal for binary puts. MACD can be displayed on your charts in two ways. The first looks similar to stochastic and other oscillators.

The two moving averages move over and under zero and can reach overbought and oversold conditions. The Stupid Guy System focus on crossovers and only uses the histogram as a secondary indicator.

Traditionally MACD is calculated using the parameters 12,26,9. This is what I use and what works for me. After that his description of the strategy was fairly short, only a few sentences. He uses the indicator with charts of 15 minute bars, I like to use 30 minutes as my short time frame. MACD is great for determining trend, reversals and entry points. MACD helps me determine potential support and resistance lines and can even telegraph impending market reversals.

forex stupid guy system

I use MACD every day and will continue to do so. This system sucks for a number of reasons that boil down to one thing. First, I find his choice of MACD parameters to be arbitrary.

What is the reasoning for adapting a tool that is widely recognized useful-as-is? Second, I think that Wolf himself proves my first point by changing his parameters not once, but at least 3 times later on in the comments section. He changes it to 30,50,20 and then 35,50,25 and then once again to 12,21, Each time looking for a faster signal. In the comments section he continues to experiment and expand on his theory by adding stochastic, changing his time frame and other modifications.

Also, comments from other users of the system are not encouraging. There are two main themes among them: The Stupid Guy System not good. This is nothing more than a novice trader and financial writer testing the waters and experimenting with a good indicator.

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forex stupid guy system

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forex stupid guy system

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FX Mystery: The "stupid guy" system

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