Think like an investor, Act as a speculator. Ferid H.
Simple RSI & EMA high Profitable ratio Strategy 94 replies
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DislikedOK. Guys. Thats All rules
Tried on GBPUSD M15
9 EMA
Buy condition
-If price close above 9EMA and
-If second candles low at least 5 pip away form 9EMA and
-If second candles close > precious candle's high
So OPEN BUY
SL place under previous candle's low + 1 pip + spread
TP = 2 x SL
Sell condition
-If price close below 9EMA and
-If second candle's high at least 5 pip away form 9EMA and
-If second candle's close < previous candle's low
So OPEN SELL
SL place under previous candle's high + 1 pip + spread
TP = 2 x SLIgnored
DislikedIf second candle low (for buy) is not 5 pips away from 9 ema, but let say 4 or 3 ... do you wait for such candle (with min. 5 pips away from 9 ema) to appear, and then enter the trade, or trade has expiry?Ignored
DislikedSorry, I asked my friend to do it, but when he saw it, he says it is not worth as he already tried this and is not giving any good results.Ignored
Dislikedwhy would anyone spend time to write EA if they are not convinced about the profitability of the system. i am not saying this system is not profitable. but you need to prove/convince the other members that it can be a good profitable system. that proof of burden is on you.
pl take some charts, demo them for a period, log the trades, show to the world.
if you want a EA first to check if the system is good or not, then i dont think anyone will come forward.Ignored