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DislikedHi guys,
I trade a similar method to this using a 50 100 EMA and reading your thread here and looking at it on my charts I can see how this simple method can produce nice pips. One thing I noticed is that there is no filter to keep you out of the ranging times. Now not wanting to start putting all kinds of indicators on the charts or try and change the method as I like simple, but I use a filter to stay out of trades that is quite simple and yet effective.
Put an RSI on your charts set at 14 and put 2 levels on it a 56 and a 44. when you get a downward cross wait for the RSI to cross below the 44 for a buy cross wait for the RSI to go above the 56 .. when the RSI is between these two levels the market is basically ranging and your more likely to enter just to get stopped out..
I'd post a chart but can't seem to figure out how.
Like I said not wanting to change the trading method but thought I might be able to help with what I use to stay out of more of the bad trades.
ShaimusIgnored