Bagovino,
Like the thread...
I have been using a very similar system. 4/21 ema on 1hr Eurousd. I constrain my trades with Sup/Res levels and trading channels. e.g not buying at near montly highs, or before major news releases etc. I also have strict sizing out rules. I am all for simple methods too. I have looked at using RSI and MACD as secoundary indicator to reduce risk of whipsaws and false crossovers, but if being honest have not spent the time backtesting. I am averaging about 120 pips a week. But this can be 50 pips one week and 250 the next. I will watch this thread with interest
Regards and good trading
Neil.
Like the thread...
I have been using a very similar system. 4/21 ema on 1hr Eurousd. I constrain my trades with Sup/Res levels and trading channels. e.g not buying at near montly highs, or before major news releases etc. I also have strict sizing out rules. I am all for simple methods too. I have looked at using RSI and MACD as secoundary indicator to reduce risk of whipsaws and false crossovers, but if being honest have not spent the time backtesting. I am averaging about 120 pips a week. But this can be 50 pips one week and 250 the next. I will watch this thread with interest
Regards and good trading
Neil.