EMA 25-50 Trading System (Detailed)

4000+ pips of average in 2008 with a worst month of 2511 and a best month of 6646.

my purpose is to achieve a 4-5000 pips per month as average and to have a worse/best result that is very near to the average.

I'm trying to have a system with a monthly low Standard Deviation.

When I'll have a close best/worst scenario I'll post the details.
I'm pretty sure Tonirai is also doing well with his countings too

that's impressive!
are you using the exact same rules stated in the first posts ? also, what currency pairs do you trade ?

I'm afraid there's something very wrong with the pip count... I sent a pm to tonirai.

let's wait some day

I have been trading this same system for a short while and
I find that if you also require the same requirements on the 1 hr charts as the 4 Hr, using the 5 min chart to enter, it filters out a whole lot of false moves.
SteveG

I'm almost sure we're talking about completly different TS...

anyway there's nothing wrong with the pip count it's just the data that are changing even using the same broker...

and I don't like this at all.

and how exactly do you do this ?
you see a signal coming on the 4hr and then check the 1 hr to see if a signal has been triggered there, adn then check the 5 min also ? or how ?

Dear Corre, can you,please, tell me, whats are exactaly your ruls to enter and what time frame do you use? This system looks like good,but my opinion is it is lagging. Maiby, the rules from the page 1 are changed now? Ifter your answer I will try to make my contribution into the system. Thank you, Chears,

I also had a question that has been on my mind about this system. Do you only trade the FIRST candle that opens and closes below the blue EMA50? or does it matter? sometimes im a couple candles off and the signals are still right, below or above the RSI 50 etc, and i jump in and still make a profit, to start with i only shoot for 20-30 pips and my TP is always hit. I have adapted using the MACD on the charts as well just for further comfirmation of what i am seeing. Seems to work very well, but nothing in the 1000's of pips a month, but its all about what you are comfortable with. Im not a day trader so i cant sit in front of my computer all the time. Just for the hell of it, the way the GBP/JPY has been tanking, i shorted it on friday and let it go until tonight and doubled my mini account balance (demo) wish it was a real trade.

So who all has modified this trading strategy and how did you do it, and was it profitable? This seems like a rock solid system for the most part. Ive made 11 trades over the past week and all have been profitable, so far (knock on wood) I havent had a bad trade with this system. But ive been satisfied with profits of 20-30 pips per trade. (for now)

and im a total noob here, i have been trading off and on for over a year, but nothing serious. killed my live account with some bad judgement trades ($2500) and just doing demo accounts with ibfx.com until i can prove to myself i can actually make money at this before i invest again. So far i think ive found a winner.

Computernick, what time frame do you use and how exactly do you enter? your ruls? thank you, greetings,

and what pairs do you use?

I use the rules from the first posts, candle opens and closes above or below the EMA50 for a buy or sell and the rsi above or below 50. I also normally wait for stochs to be moving in the direction im trading as well, touching or about to cross. Ive also added the MACD to the mix and if i see the stochs going down, the macd also going down and the rsi below 50, then i sell. reverse for buy. But from what ive been seeing is that once the candle opens or closes above or below the EMA50, it can stay that way for a while, which was the reason for my question above about, what if its not the first candle? So far it hasnt bitten me, and ive been able to squeeze a few pips out of a trade even if im 6 or 7 candles past the initial candle, but again, i wait for the other signs to tell me, stochs, rsi, macd, ema50 etc. I realize there could be potential set backs as all of those are lagging indicators, but so far it hasnt happened. As long as i dont get too greedy and go for 100s of pips at a time, ive managed not to have any losers.
And also ive found with this system ive found that you need to have large stops, or else they get stopped out quickly (but again i get in late) so on my demo account i havent been using stops (i know its stupid) but it seems to work, it allows the trade to play out, even if it retreats a little, if i see all the signals line up AND im going with the trend i havent had a loser yet. i have expected some, even saw some trades to in the wrong direction, but i gave them enough time and enough play and they worked themselves out. so the trend has alot to do with it as well. I know im just "getting by" with this system, and would really like to hear how other people have been appling this to make alot more money than i have. (all demo trading)

I currently use all the pairs Effi listed in some of his posts, gbpjpy, gbpusd, usdchf, eurjpy, nzdusd, eurusd, usdjpy, usdcad, audusd. the real money makers are the gbpjpy, gbpusd and eurjpy so ive found.

(edit: and to answer your question i use the 4 hour, but am thinking about starting to use the D1 as well)

Thank you for your answer. I think it is a good filter to let the second candle after a closed one above/under 50ema to take high or low of signal candle. Your opinion? Cheers,

Never really worried about it personally. As ive not lost so far with this system except for one time when i set too tight of a stop loss. I didnt give it enough room to play out. What results have you had using your filter?

I use this system for 2 months,but I use some other instruments in order to enter for long term position. No one loss untill now. Lets we renew a good pracktic to post trade signals here. I give my first. Sell USD in USD/JPY pair at 1.0859. SL 1.0915, TP 1.0770. Also its good to look for E/U now. It can go to about 1.50. So if to place SL 1.4390 AND tp 1.50 and buy euro from about 1.4530 it shpuld produce nice pips. But,this E/U signal is not confirmed jet because tommorow Trishe speach and Payrolls. So,risky. U/J is ok. If somebody see some good entry on any pair,post here,please. Cheers,

Hi Guys..

Newbie here. Can any1 tell me if this method need to be on a 4h time frame? Its amazing that some of u guys can get up to 1k pips!! Any masters willing to teach?

Mac

Ok,guys, my short signal on USD/JPY has hit profit target. Profit is 89 pips. If it is interesting for somebody I can go on with signals. Cheers,

What other instrument you use to enter ?. Thank in advance.

IMHO this is even better in a 4 hr TF. Dont worry McD, they are just counting pips of the past trades which is intirely historical and has no futrure bearing in your trading beside perhaps that it give you confidence to put your hard earned cash on this trading system. It like having a piece of floatation in the middle of the Pacific Ocean.

I use,for example, HILO 3 and Chaikins Money Flow. Cheers,

can you please post some charts, and tell us how exactly you use these indicators ?