Make Pips Profit System with 4 EMA

I think what riskyachtar meant was that the 18 and 31 EMA should cross then we can enter a trade with the 5 and 10 EMA crossing. The 5 and 10 EMA crossing provide false signals so you want to wait for the 18 and 31 EMA to cross before taking any trades. 18 and 31 EMA filters bad signals.

I am trading this method with Support and Resistance and candlestick pattern. I'm learning so i will try this trading system on a demo account for a month.

Good luck to everyone.

All EMAs are lagging..5 and 10 EMA cross, MACD below O on EU right now but the 18 and 31 EMA is yet to cross. EU is heading south but how long do i have to wait to take a trade? when the market has lost volatility and momentum or when their is a trend reversal?? 18 and 31 takes longer to cross than the 5 and 10 EMA which provide false signals. I think i can scalp 10-20 pips with this system (i.e when all the EMA cross and price is above/below EMAs) but it won't be advisable to take long trades..

Change your EMA 18,31 with 20 and 30
change 5/10 with 5/12
Change MACD with 10.30,6
Good luck

1). 18 and 31 EMA should change to 20 EMA (formerly 18EMA) and 30 EMA (formerly 31EMA)

2). 5 and 10 EMA should change to 5EMA (unchanged) and 12 EMA (formerly 10 EMA)

3). MACD with 5,13,1 should change to MACD with 10,30,6.


Interesting...

Good for you, titan. This is the "filter" you guys were looking for.

Signals generated by MA cross systems, or pretty much any system that uses lagging indicators, should be analyzed in the broader context of price action.

i think with change EMA we can make profit again

Guys Im looking at GBP/USD you think theres an opportunity there? all the signals seem correct right?

These changes just might help filter out some of the bad trades....The more time we practice and move foward perhaps we can make this system even better for everyone involved.....Thanks Risky....

what do u think with change EMA ?

Not bad system.

best system

Back in Profit

Risky are you still trading with this system?

Is this system still working for anyone?

It’s a pretty standart system. If you stick to it you might get some decent results. But I think that relying solely on indicators is not worth it. Moving Averages are one of those indicators that are truly a dime and help a lot though.

I try to get inspiration from you. You are a disciplined trader. I am not yet as like you but trying hard.............
Your points behind taking position is really meaningful and accurate.

Thanks

Trying to figure out whether we can get a higher parameters for TP and SL.

Look very little.

I know how this system works because I often use this in equities trading.

1st of all, I wanna thank you for sharing your trading strategy with details! Yes, Moving Average crossover trading strategy is very popular system in Forex! But I am sure, only MA crossover trading strategy is not enough here! It’s not possible to trade here without fundamental analysis.

Well, let me try on demo first! By the way, my indicator based trading experience is very bad, when I was a new trader then used so many indicators from default to custom, but not a good result I found.