Hi all,
I have been using 2 sets ema's for my trading. I am quite new to forex trading and would appreciate it any of you seasoned traders could have a look at and see if it can be improved on.
Here are my settings:
13 EMA
21 EMA
and
5 EMA
6 EMA
Heres what I do.
I use CMS for my charts and use 2 charts at 60mins. On each chart I use the VT - Moving Average System and put the settings for the Moving Average System to 13 EMA & 21 EMA on 1 chart and to 5 EMA and 6 EMA on the other chart.
When your EMA's cross on the 13 & 21 then you enter a trade in that direction. You exit the trade when 5 & 6 EMA's cross in the opposite direction. You then only enter a trade when the 5&6 cross in the same direction as the 13&21.
You can also use 2 x 4hr charts for this which cancels out the noise from days when the market doesn't much.
http://www.simpledeals4you.co.uk/trade/trade1.jpg
http://www.simpledeals4you.co.uk/trade/trade2.jpg
I would really appreciate it you all could give me some feedback on this.
Thanks
Jonny
I have been using 2 sets ema's for my trading. I am quite new to forex trading and would appreciate it any of you seasoned traders could have a look at and see if it can be improved on.
Here are my settings:
13 EMA
21 EMA
and
5 EMA
6 EMA
Heres what I do.
I use CMS for my charts and use 2 charts at 60mins. On each chart I use the VT - Moving Average System and put the settings for the Moving Average System to 13 EMA & 21 EMA on 1 chart and to 5 EMA and 6 EMA on the other chart.
When your EMA's cross on the 13 & 21 then you enter a trade in that direction. You exit the trade when 5 & 6 EMA's cross in the opposite direction. You then only enter a trade when the 5&6 cross in the same direction as the 13&21.
You can also use 2 x 4hr charts for this which cancels out the noise from days when the market doesn't much.
http://www.simpledeals4you.co.uk/trade/trade1.jpg
http://www.simpledeals4you.co.uk/trade/trade2.jpg
I would really appreciate it you all could give me some feedback on this.
Thanks
Jonny