Aussie Beast Trend Hunter
I stumbled across this EMA crossover pattern which can capture some staggering trends on the following Aussie pairs:
Also works with:
On a 30 minute chart place a 14 EMA and 28 EMA both applied to close. When the 14 EMA crosses above the 28 EMA then buy, when the 14 EMA crosses below the 28 EMA then sell.
Stop loss: 20 pips
Take Profit: When price goes past both ema's
You'll probably get stopped out 2 out of 3 times but the one time you don't you'll catch something big.
Can someone backtest this system properly say for the last 2 years or even longer, the longer the better.
ps, really enjoyed how you just copied and pasted someone elses work as your own onto another forum...
can someone please back test this system because I dn't know how.
© Forex Factory