GJ 5/8/120/192

Quoting Bam Bam

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First let me start off by saying this is not my main strategy for trading. I have another plan that is set in place. This idea is merely for when I am waiting for a set up and sometimes they take a while.

I really did not invent this as certain aspects have been taken from numerious systems and I compiled them to work for me.

With that being said I want to share a 15M GJ that I have been working on for a while but only put into actuality at the beginning of last week. I have no track record, or back tested results except for visuals for this strategy.

Technicals
EMA- 5 (red) set to close
EMA- 8 (blue) set to open
EMA- 120 (red thick) set to close
EMA- 192 (blue thick) set to open
Stoch- 12,3,3 (main-red, signal-blue)
ATR- 30

So you guessed it, this is a MA crossover system.

The EMA 120/192 is the main trend. Only trade in that direction.
The EMA 5/8 is the signal,
The Stoch is confirmation to enter
The ATR is the TP
SL as of right now is discretionary, but I tend to make it the high of the bar before the entry.

Its pretty simple actually a trade is valid if and when all the colors line up.
I like visuals, they are easy to identify.

For the week so far I have aimed for 20-30 pips a day I will not go so far as to say that it is garunteed for the only results that I have is last weeks.

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Quoting Bam Bam

Disliked

Majority of the time I will wait for the close of the cross. I have seen many fake outs with this pair and well thats just how I do it.

For the ATR I take the value of the cadle thats before the candle that I entered on.

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Quoting aelimian

Disliked

Thank you very much. Your template used ATR 10 while above you wrote ATR 30. Which is applicable?
Your system may well be applicable to other TFs like 1 hr and 4h.

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