34ema/atr

i have been lurking in this forum for so long, but in that time i have learn`t alot but now i hope i can give back in some way. this is a system that i have been working on for the last 8 months. I have made some good money with it but every now and then my discipline wavers when i have a string of losses only to watch on the sidelines at missed opportunities. Either way i like it because it is easy to execute. wahomeron

so here goes: setup for 5 minutes gbp/usd: EMA envelops indicator set @ 34 deviation 0.09. time frame: i prefer 5 minutes but the deviation can be changed to fit other timeframes. rules: for long entry, wait for price to touch the channel and then enter long when price retraces back to the 34 EMA. Reverse rules for short. Stop: on the opposite side of the channel. take profit: break even when price touches the channel and trail profits from here with a stop that get closer to the position as it moves in my favor. that is it, simple and clear. i welcome all constructive ideas and criticism. wahomeron.

some screen shots:

Looks like your on a roll...wish you many pips!

more screen shots

more screen shot

Wahomernon

Looks like great 5 min intraday trading system. Kindly post your template.

thanks and regards,

Vasu.

nother one

mas

here is a template for those interested, remember this is only for CABLE 5 minutes, can be changed to fit any security. Sure there will be some losses but with proper money management you start to take those losses with a smile.

this is from yesterday

right now!

Hi,

Have you back tested this system? If so what are the results?

Pete

Can you post indcator? I don't have it. I pressume the envelope are the central blue lines. Are you using bollinger bands also? Please explain.

thanks for your interest, the envelope indicator is in all metatrader platforms and no i do not use bolinger bands, i keep it simple unless it gives me a real edge.

Thanks wahomeron! This looks like a nice addition for trending markets.

Looks intresting

What is the tunnel you have in the midle?

it`s a 34 ema with a +1 channel added to it, it serves no purpose. Sorry for the confusion.

Thanks for posting this Wahomeron. It looks very interesting & I'll be testing it.

How long have you been using this method and have you tried it on any other pairs?

mas

I get the 34ema envelope (red upper and lower bounds), but what is the tighter envelope (blue upper and lower bounds)?
...\larry.bye