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-   -   TEB 5ema & 12ema and 21 RSI (MTF) (https://www.forexfactory.com/showthread.php?t=229238)

TEB63 Apr 2, 2010 7:39am | Post# 1

TEB 5ema & 12ema and 21 RSI (MTF)
 
1 Attachment(s)
Its hard not to win pips with this system ... if you do MTFs
This is one of the systems I use (a lot)
here it is an 30 min & 5 min charts
its hard not to make pips with this system.
I use 5 ema and 12 ema
(but if you like use 5 & 8 or 5 & 10 ema it doesn't really matter)
MTF is the point (Multi time frames)
I use the 20 RSI at 50
(if you want a letter win rate put 45 and 55 on the higher chart RSI )

Click to Enlarge

Name: 512rsi.gif
Size: 52 KB

I trade two lot at a time

1st. lot target 10 pips + spread
stop loss 10 pips

2nd. lot move to break even when 1st lot is taken out
I then keep moving up the stop loss with every swing unill I am taken out.(ie in an up trend every swing lower)
If I can not be at my computuer
- I target the next round number (50 or 100 ie 1.3550 1.13600)
- S/R

Other stuff
1. better % on pull backs and break outs then on the crosses.
2. You need to know when to trade and when not to trade (very important )
-3am to 5am est
-7am to 12noon est
-maybe 8pm to 10pm, est
-no holidays
-Becareful of new events ie 8:30 am and 10:00am est
3. I trade only the big pairs,I trade mostly on the eur/usd !!!
the other two main ones would be usd/jpy and the eur/gbp
then if no trend on these I would look at the usd/cad or the aud/usd or the eur/jpy

TEB

Universal Apr 2, 2010 8:00am | Post# 2

Hi.
Seem like a simple+great syatem.

How long this system have been used by you?

Its hard not to win pips with this system ... if you do MTFs
This is one of the systems I use (a lot)
here it is an 30 min & 5 min charts
its hard not to make pips with this system.
I use 5 and 12 ema
(but if you like use 5 & 8 or 5 & 10 ema it doesn't really matter)
MTF is the point (Multi time frames)
I use the 20 RSI at 50
(if you want a letter win rate put 45 and 55 on the higher chart RSI )

Attachment 450700

TEB

MarcoW Apr 2, 2010 8:11am | Post# 3

TEB..

Do you wait for the 30 min. candle to close and then drop to 5 minute for entry?

Rastaman Apr 2, 2010 8:32am | Post# 4

Yeah TEB.

Simple is best, I am using 10, 25 & 150 EMA close.

Price breaks the 150 followed by the 10 and 25 ema and enter on pullback to 10, 25 05 150 ema.
After 2 years of racking my brains on this system or that, I end up with just 3 emas, S&R & last but certainly not least, Money management.


Of course many new people will still choose to believe mistakenly that, "It can't be that easy". It is!

keep it up TEB.

5sec Apr 2, 2010 8:54am | Post# 5

Hello Rastaman. What time frame you use for 10, 25 and 150 ema. looks good on H1.

TEB63 Apr 2, 2010 9:30am | Post# 6

TEB..

Do you wait for the 30 min. candle to close and then drop to 5 minute for entry?
closed mostly (90%)
I have been known to get into it 25 mins into a 30 min candle if its a stronge move and candle.

TEB

Chunnel Apr 2, 2010 9:37am | Post# 7

closed mostly (90%)
I have been known to get into it 25 mins into a 30 min candle if its a stronge move and candle.

TEB
Sorry if this is a newbie question, but does it mean you make a trade every 30 minutes?

Or do you oly use the 30 min chart to see when the price goes up or down?

TEB63 Apr 2, 2010 9:41am | Post# 8

Sorry if this is a newbie question, but does it mean you make a trade every 30 minutes?

Or do you oly use the 30 min chart to see when the price goes up or down?

Take the trend off the 30 min
and take buy sell signs off the 5 mins

if you want to trade the 30 min
use a 3 or 4 hour chart for trend

in other words if the trend chart is down you only sell
if its trending up you only buy.

you then look for the sign from the lower time chart

TEB

Rastaman Apr 2, 2010 9:42am | Post# 9

Sorry if this is a newbie question, but does it mean you make a trade every 30 minutes?

Or do you oly use the 30 min chart to see when the price goes up or down?


No, he means if he is trading the M30 chart, he may enter a trade before the 30 min candle closes, if it has met his criteria. whatever that may be.
I am not sure if he is simply trading the crossover or the pullback to the ema.

TEB63 Apr 2, 2010 9:46am | Post# 10

No, he means if he is trading the M30 chart, he may enter a trade before the 30 min candle closes, if it has met his criteria. whatever that may be.
I am not sure if he is simply trading the crossover or the pullback to the ema.

if that is the case, no
on the trading chart
I always wait for the close

thanks

teb

MarcoW Apr 2, 2010 9:52am | Post# 11

if that is the case, no
on the trading chart
I always wait for the close

thanks

teb
I waited until the 30 min candle closed (eur/usd), then entered a short on the open of the 5 minute candle. It retraced 7 pips and then went down, and after taking the first lot out at 10 pips, I used my own stop system and got another 22 pips on the second lot.

Great start. Thanks TEB.

Do you know what your winning % is using this method over the years?

Rastaman Apr 2, 2010 10:06am | Post# 12

2 Attachment(s)
I see, thanks TEB.

It is a bit different and I suppose you don't trade the pullback with the 5 ema as price hardly ever leaves the ema.

A bit different than the system I am using.
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TEB63 Apr 2, 2010 10:18am | Post# 13

I see, thanks TEB.

It is a bit different and I suppose you don't trade the pullback with the 5 ema as price hardly ever leaves the ema.

A bit different than the system I am using.

I in fact use the 12 ema on the 5 min chart as a target on the pull back
(on Oanda is easy just keep moving up your buy/sell order )
as long as the 5 min and 30 min rsi are good I keep moving the entery

Its the main way I trade this system
(and all systems now in fact)

so I have two enters 1. the cross over 2. the pull back
(in fact 3 enteries but the other one is a little harder its a break out trade 1.2.3 on the 5 min chart
also I will use candles .. in a later post)

TEB

profi4554 Apr 2, 2010 10:36am | Post# 14

Take the trend off the 30 min
and take buy sell signs off the 5 mins

if you want to trade the 30 min
use a 3 or 4 hour chart for trend

in other words if the trend chart is down you only sell
if its trending up you only buy.

you then look for the sign from the lower time chart

TEB
TEB

Can we use this system to trade on M1 chart? If yes, what TF should we use for trend direction?

~profi~

chamane Apr 2, 2010 11:04am | Post# 15

Nice system. I use something similar 5ema(close)/8ema(open) on daily charts with confirmation on weekly. What can kill you is range situation. To avoid it, RSI and MTF are good tools. I used to add BBSqueeze also, but a simple ADX>20 can do the job.

TEB63 Apr 2, 2010 11:05am | Post# 16

TEB

Can we use this system to trade on M1 chart? If yes, what TF should we use for trend direction?

~profi~
Yes I do .

But its a 3rd chart
when I have a stronge trend on the 5 min and 30 min charts
I will open up a 1 min. chart
but I mostly trade the break on the one min.
not the cross or pull back

TEB

TEB63 Apr 2, 2010 11:07am | Post# 17

Nice system. I use something similar 5ema(close)/8ema(open) on daily charts with confirmation on weekly. What can kill you is range situation. To avoid it, RSI and MTF are good tools. I used to add BBSqueeze also, but a simple ADX>20 can do the job.
ADX or Macd also work
The RSI is just so much simpler I find
But its a personal choice

( ADX 14 must be over 30 I have used )

TEB

tomhliles Apr 2, 2010 11:08am | Post# 18

2 Attachment(s)
just so happened i made a indy for this long ago, i set defaults already
it just colors candles, has a lot calculator

however the alert true will draw arrows, it will not re enter, if u get a buy alert, the next alert wont accur unless its a sell

some1 will probly find it useful
Click to Enlarge

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Size: 14 KB
ema_rsi_color_bars.mq4

profi4554 Apr 2, 2010 11:10am | Post# 19

Thanks TEB.

Understand how it works now.

~profi~

TEB63 Apr 2, 2010 11:26am | Post# 20

TEB..

Do you wait for the 30 min. candle to close and then drop to 5 minute for entry?
Sorry I missed your post

have both charts open
because you need to see when the trend changes on the higher chart.

The big red line on both the charts in the 1st post
is the down trend from the 30 min.
I just posted it on the 5 min chart as well
to see it

( I have big RED, BLUE And YELLOW lines on my charts
Red is down ... blue is up... yellow is stand a side becuse the RSI and EMA are not in agreement)

TEB


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