Next christmas this system will be forgotten as so many other similiar systems in the past. I have in my tradin also three ema, but use it in an other way. Sorry, i have no other sight in future for this here.
Hello, i tried this strategy on m30 timeframe. It's working, only you must strictly follow rules:
1. wait for cross, blue above red.
2. strong price up, and wait for swing.
3. enter on swing breakout, in oder to avoid range. see attachment.
{quote} 95% of systems don't work in a ranging market. This system has a plus point in that the 200 ema is used. Most moves around the 200 ema are quite large......I think there is a system from Teb63 here which exploits this.
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Yeah, please tell how you can determine if the trend starts?
{quote} mtf m1 m5 is a must to filter trades. if success rate of trades is 80% then it is good for me
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Success rate of what? I can't see TP rules here (Please don't tell me that 50pips TP is a strategy. It is totally bullshit bases on nothing). How you can say that it has 80% success? BTW this is useless discussion anyway because you can simply program a little EA that will show you a good and strong progress of wiping your account. BTW I have such a setting in my EA. I can run a test on any pair you say with your rules and share the results here. I can even make 3EMA cross. The result will be...
Next christmas this system will be forgotten as so many other similiar systems in the past. I have in my tradin also three ema, but use it in an other way. Sorry, i have no other sight in future for this here.
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people search for complicated indicators and holy grail while market nedds simplicity. i select these two indicators with these settings 100 200 for many reasons. the indicators in forex patteens harmonic elliot or even ema have the same idea and principles.
Hello, i tried this strategy on m30 timeframe. It's working, only you must strictly follow rules: 1. wait for cross, blue above red. 2. strong price up, and wait for swing. 3. enter on swing breakout, in oder to avoid range. see attachment. {image}
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good it is welcome for any ideas i usually use macd and rsi with this system i am searching for indicators to determine the breakout of trend maybe volume or bollinger bands. i think price action is the best for possible breakout.
{quote} Yeah, please tell how you can determine if the trend starts? {quote} Success rate of what? I can't see TP rules here (Please don't tell me that 50pips TP is a strategy. It is totally bullshit bases on nothing). How you can say that it has 80% success? BTW this is useless discussion anyway because you can simply program a little EA that will show you a good and strong progress of wiping your account. BTW I have such a setting in my EA. I can run a test on any pair you say with your rules and share the results here. I can even make 3EMA cross....
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i tested it in demo only it make me good profits and results however i dont trade it on real acc yet. it maybe has more than 80% success rate i know what i am saying about. the best thing for that strategy is that the risk reward ratio sometimes you risk 10 pips for a profit of 100pips nothing better than this. if you are not greedy 50 pips is enough if you have wide gut then take all trend and wait for the reverse crossover. any other ideas for tp and sl are welcome thanks
What is with the price action behind your simple ema cross? Do you consider it or ignore it complete, Only focused to the ema cross? What comes the SL and TP setting from?
Only 100 candles versus 200 candles? Next christmas please write me and we look at this thread again.
You have one year to make update on this to transform it.
What is with the price action behind your simple ema cross? Do you consider it or ignore it complete, Only focused to the ema cross? What comes the SL and TP setting from? Only 100 candles versus 200 candles? Next christmas please write me and we look at this thread again. You have one year to make update on this to transform it.
