30min EMA 21 | Forex Factory

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30min EMA 21

  • #1
  • First Post: Mar 18, 2008 3:54pm Mar 18, 2008 3:54pm
Hello, Recently I had put my hands to some projects that I have started but had not finished, one of them I'm putting my hands on it now, its a very simple system that only uses one indicator, witch is an EMA 21, the Time Frame is 30 M, and the best pair for it is GBP/USD,

For long price must be above EMA 21, and the ema must be curved up,

For Short price must be below EMA 21, and the ema must be curved down

Exit when EMA curves to the other side.

I only trade this system from 7.00 GMT to 16.00 GMT after that I don't put more trades in the market, and all trades are closed at 21.00 GMT if Take Profit is not hit


Take profit is 105 pips
Stop Loss is 35 pips
Logic will get you from A to B. Imagination will take you everywhere.
  • #2
  • Mar 18, 2008 3:58pm Mar 18, 2008 3:58pm
Quoting Masmp_FX
Hello, Recently I had put my hands to some projects that I have started but had not finished, one of them I'm putting my hands on it now, its a very simple system that only uses one indicator, witch is an EMA 21, the Time Frame is 30 M, and the best pair for it is GBP/USD,

For long price must be above EMA 21, and the ema must be curved up,

For Short price must be below EMA 21, and the ema must be curved down

Exit when EMA curves to the other side.

I only trade this system from 7.00 GMT to 16.00 GMT after that I don't put more trades in the market, and all trades are closed at 21.00 GMT if Take Profit is not hit


Take profit is 105 pips
Stop Loss is 35 pips

Enter only on closed bars?
Thanks
  • #3
  • Mar 18, 2008 4:00pm Mar 18, 2008 4:00pm
Quoting billbss
Enter only on closed bars?
Thanks
yes
Logic will get you from A to B. Imagination will take you everywhere.
  • #4
  • Mar 18, 2008 4:03pm Mar 18, 2008 4:03pm
Quoting Masmp_FX
yes
Thanks. By price being above or below the ema, do you mean it closes above or below or does the entire bar have be above or below?
  • #5
  • Mar 18, 2008 4:17pm Mar 18, 2008 4:17pm
Quoting billbss
Thanks. By price being above or below the ema, do you mean it closes above or below or does the entire bar have be above or below?
No need to be the entire bar, just if closed above or below, if neither its simple, stay out of the market until you see anithing more clear
Logic will get you from A to B. Imagination will take you everywhere.
  • #6
  • Mar 18, 2008 4:19pm Mar 18, 2008 4:19pm
Quoting Masmp_FX
No need to be the entire bar, just if closed above or below, if neither its simple, stay out of the market until you see anithing more clear
It sounds very simple. I'll have a look at it.
  • #7
  • Mar 24, 2008 7:31pm Mar 24, 2008 7:31pm
For January 2007 this strategy madded 800 pips in GBP/USD already with spread, other months I had done only visual tests, because its not very easy to test this system because I didn't found yet, and indicator that could measure the EMA angle precisely.
All the indicators that I have used to measure the EMA angle, give incorrect data, but its a nice strategy and also simple
Logic will get you from A to B. Imagination will take you everywhere.
  • #8
  • Mar 24, 2008 9:53pm Mar 24, 2008 9:53pm
Just did well on the AUDUSD and Cable trying out this method. Simple, but very, very effective. Will have a better go tomorrow.
Thanx a lot m.
Dave
  • #9
  • Mar 25, 2008 11:15am Mar 25, 2008 11:15am
Quoting Masmp_FX
For January 2007 this strategy madded 800 pips in GBP/USD already with spread, other months I had done only visual tests, because its not very easy to test this system because I didn't found yet, and indicator that could measure the EMA angle precisely.
All the indicators that I have used to measure the EMA angle, give incorrect data, but its a nice strategy and also simple
Which is the minimum angle you are using to enter a trade?

BTW, try this MetaTrader4 Indicator (sorry that it's a Word, but there is something strange with my MT4, because I can't find the indicator in their folder).
This is an indicator which I have modified (bar open, instead of median price-I think-), so it does not repaint since the beginning of the bar.
It shows the angle of the EMA.
Attached File(s)
File Type: doc EMA_Angle_Bar_Open.doc   31 KB | 1,002 downloads
  • #10
  • Mar 25, 2008 11:30am Mar 25, 2008 11:30am
Quoting qwer1234
Which is the minimum angle you are using to enter a trade?

BTW, try this MetaTrader4 Indicator (sorry that it's a Word, but there is something strange with my MT4, because I can't find the indicator in their folder).
This is an indicator which I have modified (bar open, instead of median price-I think-), so it does not repaint since the beginning of the bar.
It shows the angle of the EMA.
I'm getting an error when I click your .doc attachment.
  • #11
  • Mar 25, 2008 1:13pm Mar 25, 2008 1:13pm
Quoting opie999
I'm getting an error when I click your .doc attachment.
I don't know why you get an error. I can open it without problems.

Try this.
Attached File(s)
File Type: zip EMA_Angle_Bar_Open.zip   4 KB | 894 downloads
  • #12
  • Mar 25, 2008 1:16pm Mar 25, 2008 1:16pm
Quoting qwer1234
Which is the minimum angle you are using to enter a trade?

BTW, try this MetaTrader4 Indicator (sorry that it's a Word, but there is something strange with my MT4, because I can't find the indicator in their folder).
This is an indicator which I have modified (bar open, instead of median price-I think-), so it does not repaint since the beginning of the bar.
It shows the angle of the EMA.
qwer1234 Thanks for your reply and your help, but I have tested the indicator you posted here in Word file, and it doesn't show the real EMA angle, I will post a picture showing it.
There are 2 indicators there measuring the EMA angle, yours is the one that is below, as you can see, EMA angle is down, and indicators are showing up.

Thank you very much

PS: Cable is doing very well using EMA 21 today, only a few pips for take profit
Attached Image (click to enlarge)
Click to Enlarge Name: ema angle error.gif Size: 16 KB
Logic will get you from A to B. Imagination will take you everywhere.
  • #13
  • Mar 25, 2008 2:06pm Mar 25, 2008 2:06pm
Thanks Masmp_FX,

BTW, have you tried this system in lower timeframes, like the 5 min?
  • #14
  • Edited 5:16pm Mar 25, 2008 4:54pm | Edited 5:16pm
Quoting qwer1234
Thanks Masmp_FX,

BTW, have you tried this system in lower timeframes, like the 5 min?
Hi, no I never tried, because I'm not interested in being glued to my screen, its too stressfull, and I have other markets to watch too.

BTW take profit of 105 pips was hit today
Logic will get you from A to B. Imagination will take you everywhere.
  • #15
  • Mar 25, 2008 6:11pm Mar 25, 2008 6:11pm
So you just "eyeball" it as to whether or not the ema is "curving" up or down? And how much up and down? You said this "system" made 800 and some pips, what method do you use to determine if the curve is up or down, and up or down how much?
  • #16
  • Mar 25, 2008 6:23pm Mar 25, 2008 6:23pm
Would you recommend that price closes completely above/below the EMA before entering?
  • #17
  • Mar 25, 2008 6:41pm Mar 25, 2008 6:41pm
Quoting et_phonehome_2
Would you recommend that price closes completely above/below the EMA before entering?
Hi, Price can only close at 3 points:
Above EMA;
Below EMA
And at the same level as the EMA

Above EMA = Long
Below EMA = Short
Same Level as EMA = Flat
Logic will get you from A to B. Imagination will take you everywhere.
  • #18
  • Mar 26, 2008 1:04pm Mar 26, 2008 1:04pm
Hi guys ,i am testing also on 5m TF
Attached Image (click to enlarge)
Click to Enlarge Name: ema21.gif Size: 30 KB
  • #19
  • Mar 26, 2008 4:08pm Mar 26, 2008 4:08pm
Quoting gioviforex
Hi guys ,i am testing also on 5m TF
Hi, I have checked it too now, it gives you the possibility to trade it with bigger Risk/Reward instead of 1:3, you may be able to use 1:5 and greater, but you must be glued to the screen all time to watch the trades, and will have more false signals, but because the risk reward is bigger, it may compensate.
Logic will get you from A to B. Imagination will take you everywhere.
  • #20
  • Mar 27, 2008 6:11am Mar 27, 2008 6:11am
Hi Masp,can you post please the ema angle indicatore that are you using ?
The one that i have is not reliable at 100%
thanks
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