Happy new year and happy new system !
I call it classic, because there is nothing new in this one.
But it is a very simple system easy to follow.
You will have small losses, small wins and big wins. But you won't have big losses .
All you need is :
TF= 30 min
i trade only GBP/USD
EMA 10
The rules :
1- open trades only between 7 AM 7 PM (GMT+1)
2- when a candle goes up throuh the EMA and when more than 50% of the candle's body is above, buy at the close of the candle.
The same when a candle goes down, sell.
3- Don't trade if the total size of the candle is < 20 pips or if the body size if < 10 pips.
4- if you can't trade the candle which goes through the EMA (because time is too early or the size is too small), you can trade next candles if the point 3 is respected and if the candle is not in opposite direction.
5- SL = low of the candle - 7 pips
6-at each new candle when it is possible, you move up the SL when you are long (down when you are short) at the low of the new candle - 7 pips
Enjoy it !
On the chart, dec 30, a great swing :185 pips
I call it classic, because there is nothing new in this one.
But it is a very simple system easy to follow.
You will have small losses, small wins and big wins. But you won't have big losses .
All you need is :
TF= 30 min
i trade only GBP/USD
EMA 10
The rules :
1- open trades only between 7 AM 7 PM (GMT+1)
2- when a candle goes up throuh the EMA and when more than 50% of the candle's body is above, buy at the close of the candle.
The same when a candle goes down, sell.
3- Don't trade if the total size of the candle is < 20 pips or if the body size if < 10 pips.
4- if you can't trade the candle which goes through the EMA (because time is too early or the size is too small), you can trade next candles if the point 3 is respected and if the candle is not in opposite direction.
5- SL = low of the candle - 7 pips
6-at each new candle when it is possible, you move up the SL when you are long (down when you are short) at the low of the new candle - 7 pips
Enjoy it !
On the chart, dec 30, a great swing :185 pips