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Simple 5m GBPUSD trade system

  • Post# 1
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  • First Post: Jun 16, 2010 5:15pm
  • Yahoo!!!
    Multiple Usernames | 14 Posts | Joined Jun 2010
Hello, Traders!

I want to present simple strategy based on MACD and EMA Crossover indicators.
For trade I'm using GBPUSD in 5m timeframe.

This way we need to install MACD Histogram (21,34,1) and EMA Crossover (21,34). Template is attached to this post.

Entry:

When MACD crosses zero line or EMA Crossover images pointer apply enter market.

Stop Loss and Take Profit:

Stop loss: 15 pips
Take profit: 30 pips

Trading time:

I advise to trade during active market hours (Frankfurt Open, London open, New York open).

I advised to use standard instruments ( TL, MACD divergence) for identification of better entries.
Attached Files
File Type: tpl gu 5m.tpl   2 KB | 607 downloads
File Type: ex4 5-8openEMA_Cross_Arrow_with_Alerts.ex4   5 KB | 648 downloads
  • Post# 2
  • Quote
  • Jun 16, 2010 5:29pm
  • bnbb2004
    Joined Mar 2007 | 127 Posts | Status: Member
Quoting Yahoo!!!
Hello, Traders!

I want to present simple strategy based on MACD and EMA Crossover indicators.
For trade I'm using GBPUSD in 5m timeframe.

This way we need to install MACD Histogram (21,34,1) and EMA Crossover (21,34). Template is attached to this post.

Entry:

When MACD crosses zero line or EMA Crossover images pointer apply enter market.

Stop Loss and Take Profit:

Stop loss: 15 pips
Take profit: 30 pips

Trading time:

I advise to trade during active market hours (Frankfurt Open, London open, New York open).

I advised...
Thanks for sharing! Could you please post a screenshot?
  • Post# 3
  • Quote
  • Jun 16, 2010 5:35pm
  • Yahoo!!!
    Multiple Usernames | 14 Posts | Joined Jun 2010
Here is an example of today trade
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  • Post# 4
  • Quote
  • Jun 16, 2010 7:01pm
  • finally
    Joined Aug 2009 | 150 Posts | Status: Member
Quoting Yahoo!!!
Hello, Traders!

I want to present simple strategy based on MACD and EMA Crossover indicators.
For trade I'm using GBPUSD in 5m timeframe.

This way we need to install MACD Histogram (21,34,1) and EMA Crossover (21,34). Template is attached to this post.

Entry:

When MACD crosses zero line or EMA Crossover images pointer apply enter market.

Stop Loss and Take Profit:

Stop loss: 15 pips
Take profit: 30 pips

Trading time:

I advise to trade during active market hours (Frankfurt Open, London open, New York...
Do you enter when the MACD histogram crosses zero or when the arrows appear?
You mention using an EMA 21/34 crossover but your indicator appears to be a 5/8 crossover; which one do you use?

Thanks
  • Post# 5
  • Quote
  • Jun 17, 2010 1:20am
  • Yahoo!!!
    Multiple Usernames | 14 Posts | Joined Jun 2010
Quoting finally
Do you enter when the MACD histogram crosses zero or when the arrows appear?
You mention using an EMA 21/34 crossover but your indicator appears to be a 5/8 crossover; which one do you use?

Thanks
Hi finally!

I'm enter when MACD histogram crosses zero or when the arrows apper. Its same.
Change EMA crossover parameters from 5/8 to 21/34.

Regards,
Yahoo.
  • Post# 6
  • Quote
  • Jun 17, 2010 2:14am
  • Yahoo!!!
    Multiple Usernames | 14 Posts | Joined Jun 2010
enter
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  • Post# 7
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  • Jun 17, 2010 2:48am
  • Yahoo!!!
    Multiple Usernames | 14 Posts | Joined Jun 2010
o our regret i have take SL
but next enter turn out positive.
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  • Post# 8
  • Quote
  • Jun 17, 2010 7:00am
  • Ezzy ● Online
    Joined Oct 2008 | 698 Posts | Status: Member
Quoting Yahoo!!!
Hello, Traders!

I want to present simple strategy based on MACD and EMA Crossover indicators.
For trade I'm using GBPUSD in 5m timeframe.

This way we need to install MACD Histogram (21,34,1) and EMA Crossover (21,34). Template is attached to this post.

Entry:

When MACD crosses zero line or EMA Crossover images pointer apply enter market.

Stop Loss and Take Profit:

Stop loss: 15 pips
Take profit: 30 pips

Trading time:

I advise to trade during active market hours (Frankfurt Open, London open, New York open).

I advised...

Hi Yahoo

Simple system, I like it.....as long as signals are filtered, it looks very interesting when you add pivots, daily opens etc.

Many thanks for sharing with us.

I have one question I was hoping you would answer, what level of success have you had so far and how long have you bee using it (demo and live)

Many thanks
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • Post# 9
  • Quote
  • Jun 17, 2010 7:52am
  • finally
    Joined Aug 2009 | 150 Posts | Status: Member
Quoting Yahoo!!!
Hi finally!

I'm enter when MACD histogram crosses zero or when the arrows apper. Its same.
Change EMA crossover parameters from 5/8 to 21/34.

Regards,
Yahoo.
What is the advantage of using a 21/34 MACD cross?

Statistically, Are these numbers more profitable than other MACD crosses?

I haven't found any MACD crosses to be profitable. Maybe these are the magic numbers. I hope so.
  • Post# 10
  • Quote
  • Jun 21, 2010 2:51am
  • Ezzy ● Online
    Joined Oct 2008 | 698 Posts | Status: Member
Well......the thread starter is a gonna!! pity, the system wasn't too bad, with added PA of course.
What you do is a reflection of you....what I do is a reflection of me.
  • Post# 11
  • Quote
  • Last Post: Jul 10, 2010 9:33am
  • Ramadas
    Joined Oct 2009 | 62 Posts | Status: Member
I did simulation and with your settings I get no trades in half a year...

I did optimization for Instaforex feed I use and i got 2% profit in 5 months and no losing trades:



after more optimization we got 5,6 % profit in 5 months:

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