i found out that ema 6 and ema 50 is good for checking if the signal is more safe...
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DislikedLame comment...
First there is a difference between SIMPLE and EASY.
This strategy is SIMPLE, that does not mean it is easy !
Many strategies are simple but using them is not easy...Ignored
Dislikednoe we are programming a automated system for trade this strategie. backtest for the last three mouth was 139 trades only one looser, since 1.aug we put the account from 10k to 52k ;-) with a little changes of the indicators bcos its automaticly.
i will post if the system is ready to trade live... if someone is really intessested in it ... pls contact me on skype kimba1999 i thinking about to make managed accounts , i hope it can be done asap, the programm is still exist.
i will post the trades nowIgnored
DislikedThere were 65 trade opportunities in 7 trading days and it finished 144 pips in front earning 2.2 pips per trade on average. If it continued to achieve this and was autotraded to catch every move you will get 20 pips per day. With an average risk of 18 pips per trade, it makes this still the most profitable system I have ever seen. Looks like some more rules are needed to match Toto's success though. We need to hear more from the author as to exactly how he achieved 139 trades with only 1 loss with a mechanical system because that result is a mystery to me. Failing that, I am more than happy to persevere with the improvement of this technique
I really need to know how to use this 5 minute charts to scalp, i have been trying entering when the candle is not touching the 10 EMA, how can i spot when to enter. All the people that are explaining it addressing the issue like professional. I am a beginner. PLS HELP!!!Ignored