Dayrtrading with EMAs

I trade the EUR/USD and Cable since 2006. I create a system with the intension of the exhausting of the prior trend.

It is a simple system but profitable.

Create a 15 minute bar chart with 3 EMAs and the Slow Stochastic Indicator
5 EMA
55 EMA
200 EMA

Buy Trigger:
Open Long if the current trend is down (200 EMA is down) and the current bar closed above the 55 EMA. The target is the 200 EMA but if the momentum is not such high, I use the 5 EMA to close the position.

Short Trigger:
Open Short if the current trend is up (200 EMA is up) and the current bar close under the 55 EMA. The target is the 200 EMA but if the momentum is not such high, I use the 5 EMA to close the position.

The Slow Stochastic should be over/under 50.

Attached you can find 2 (worse) examples.
The first I have made 6 Pips and the 2nd I have made only 3 Pips.
That's not much, I know! The targets were 14 pips and 28 pips, but the 5 EMA gave me the signal to close the positions.
I think it is a good method to make constant money in the market.
But remember the positive past performance are no indication of future results.

I'm sorry to say that i really dont see the point in trading counter trend ???

You are looking for very small profit here...

Just looking on the same chart shows very good profit doing exactly the reverse of your trading strategy (selling on cross down of EMA55 )

I second what melpheos said. I would remove the stochastic and trade the bounces from 200 EMA

http://img234.imageshack.us/img234/1...d20spothd6.jpg

FX Mogul where would you enter the market in each trade, is it possible to show to show a graph showing your entry and exit.