8 EMA Above/Below

Quoting Entuculo

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Whipsaws? YES 4HOUR CHART OF ANY TIMEFRAME Works better using weekly charts 8 EMA CLOSE 8 EMA OPEN 34 EMA CLOSE For long trades:8 EMA close closes above 8 ema open and 34 ema close. stoploss any close below 8 ema close and open. Add any filter OK to change or update the trading idea.

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Quoting Loftboy

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{quote} "4HOUR CHART OF ANY TIMEFRAME". What does this mean?

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Quoting Loftboy

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{quote} "4HOUR CHART OF ANY TIMEFRAME". What does this mean?

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Quoting Entuculo

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GBPUSD 5M Reversal Coming = exit the short {image}

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Quoting entuculo

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gbpusd 5m reversal coming = exit the short {image}

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Quoting Entuculo

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GBPUSD 5M Reversal Coming = exit the short {image}

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Quoting ThisisHaz

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{quote} How do you know a reversal is coming?

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Quoting calaxcorp

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This is the back-test equity curve. If shows a nice positive expectancy. Not bad with about $50k profit trading just one contract, before commission and slippage, if the trader can withstand the drawdown.

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Quoting calaxcorp

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One suggestion is to add a trend strength filter, like ADX; to avoid trading in sideways market.

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Quoting KarlKraus

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{quote} The drawdown shown there is huge. But this is the inevitable reality of methods which are basically a moving average crossover (or, as you've backtested it, a moving average using the slope of a higher moving average as the directional bias): inevitably, there will eventually be a huge drawdown which would, in reality, take any retail trader out of the game. {quote} You can, but the mistake to avoid is imagining that somehow the eventual huge drawdown can be avoided by adding another indicator to weed out some of the losing trades. If only...

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