I stumbled across this EMA crossover pattern which can capture some staggering trends on the following Aussie pairs:
AUD/USD
GBP/AUD
AUD/JPY
Also works with:
EUR/USD
GBP/USD
USD/CHF
System Rules
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.
AUD/USD
GBP/AUD
AUD/JPY
Also works with:
EUR/USD
GBP/USD
USD/CHF
System Rules
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.