Maitei MA methode

Hi all
I want to share my system with you guys, cuz i find so many good thread on this forum.
I've tired this system for few days now, and I get quite good result, I think it's quite simple for those begin in forex.

This system is based on 2 EMA and japanese candlestick

16ema
55ema

The slower ema (in purple for me) give the trend
The faster ema (yellow for me) give the signal

Buy signal,
the prices should be above the 55ema for up trend
you should wait the candle close above the 16ema

sell signal,
the prices should be under the 55ema for down trend
you should wait the candle close under the 16ema

you should remember, if you're in up trend (above 55ema) you should only buy
if you're in down tredn (under 55ema) you should only sell

I attach 2 screen with signals (I circle them)

That system work with many timeframe depence of wich currency you want

thanks for sharring

1 question: what is your sl and tp?

TP and sl will be never the same.....
should see wich time frame we use, and have a look on suport and resistance
If you get a signal in 30min it will be not the same TP as H4 signal
if you want secure way, you can try to earn only 20pips for each trad.
with enough lot, that can be a good way to trad

Thanx for sharing DaiKa ..

i hope u can post more pics & tell me plz what's ur opinion about using it with 1H chart ?? I know the safer is 4H chart but i'm looking for a 1H system ..
And tell me plz , when u say :

the prices should be above the 55ema
the candle close above the 16ema

Do u mean that the candle MUST NOT touch the moving average to be sure about it's move ??

By the way .. i'm trying it now with 1H and its 11+ pips .

Thanx again .

sorry if not that clear, my english is quite bad ^^

in my opinion no mater h4 or h1, should look wich currency you use, i look at h4, but i like 30min as well, H1 seems good as well, you should watch all time frame for see wich one work better,
for buy signal i wait price and 16ema are above 55ema, and when the candle close, even if it touch the ema I enter in the market, but should be a bit more risky i guess, but i don't buy if the price close above 55ema but the 16ema is under the 55ema.
i don't buy if the price close on down candle

I havn't backtested, but just had a quick look. Don't you just know by intuition, if you've been staring at charts for months, that this method will work. ?Using PRICE ACTION, relative to moving averages, but NOT ma crossovers, put your own stamp on it , and it'll work. Thank you Daika, for pointing out such a simple but beautiful way of following the market.

hmm, this is similar concept to the tunnel method. Why can't we just go long or short base on new candle closing above or below the 16MA? Good method though. Keep it up.

I would say that this method might be fit for lower timeframe instead of 4hrs. We enter trade as the price close above the 16EMA not necessarily the whole candle above the 16EMA. 4hrs would give us little pip with lot of times wasted.

i begin to do 2 kind of trading with that method,
1 with h4 tf
1 with 15min tf or 30 min tf (depence of the currency)
i get only 10 pips for 15 or 30 min signal
and get my profit on support/resistance for H4

for 15min graph i use CCI 20/80/-80
when it's around +80 or -80 we get a strong signal after the price close under or above the 16ema
use it for get 10 pips/day

thats what i use for scalping it works for me but dont take my word 100% because i havent start trading live yet i do that on demos but it seems that is working very well on the 30 min i wouldnt recoment 20 pips tp i would say more like 10 max 15 then it gets risky and like i said i am still practising its not 100% sure it will work on live cause of the presure having real money on the line

I use on real account, but small one, and from 2 week now, get quite good result, if anyone want i can post my trad each day

hello guys ..

Isn't there any filter can be added to get a clear signals ?!

Thanx

I don't use any filter open graph in 15min, if you see the price close under the 16ema and the CCI go under -80 or price close above the 16ema and CCI go above 80 you enter on trad, try 10 or 15 pips, hope to you.

it's quite clear signal when the candle close if CCI is under or above 80/-80

Fine .. So CCI 14 with 15 M chart ??

I use 20 CCI on 15min chart most of the time, should see if good signal for CCI 20, can make it faster or slower if you prefer

Thanx Daika .. i'll try it

i just closed a eur usd on 15 min with 10pips profit and i got it when 16 when above the 55 i think you can you the crossing fo safety when you want to open the trade i dont use any cci but it sounds as very good idea

yep, first i didn't use any CCI, just the 16ema, but after few day i saw they can have bad trad... only 5 or 10 pips... and with the spread... you can lose your money. but with the CCI you can see when people begin to buy or sell and make the movement big enough for get some profit, but should be carefull, 15min is not a slow TF and the signals are not big enough for 50pips. Like today, i get only 15pips on cable, even if i see more than 50pips on my graph... i know i follow my rule, and maybe tmr i will get 15 on 20.... so if ask for more... just lose money....

i will definetley check out the cci and i ll let you know how it works for me also the best pairs for me to use this method is eur/ usd, grp/ usd and usd/jpy. its a great easy to use method for rookies like my self.

thanks for all the new info daika

thank you guy, i post for share with you and can find new idea for improve this simple technique, i'm a far from a expert and i like very simple way and not to difficult money management. i use this 3 pairs too and usdchf as well.
For 4 pairs you can get at least 1 signal each day, I always look at GB opening market, and always get signal for enter, if i can make 15pips each day, i don't ask for more ^^
Another point for that method, if you get signal... should check if any support/resistance is not to close to the entry point.... check the fibonacci as well
thanks to all