3-5 MA any TF

No

Here is Template so you don't have to set all this up manually.

One example of a trade.

A couple more examples just previous to the first example.

I love colourful charts. Here's mine:

http://img504.imageshack.us/img504/3...torunsinn2.gif

Hmm ouch! Feelings hurt.... Oh well. Hope you have a good day anyway alderlug.

HI
you see this method only one day???
if you see a bit more .....which pairs can we use????
you don't have any ideas about exit and SL by yourself

Since I just found this I always start with pairs that move the best(Eur/Usd, Gbp/Usd).

As far as SL goes I am still considering and open to any suggestions, but I would like to keep it somewhat simple.

My goal for TP is R:R 1:2 or better. That way my losses won't slow me down.

Since I am not interested in being untruthfull here are some example of bad trades.

These coincide with the good trades.

Thanks for sharing this strategy. I use the 5 SMMA price channel-wouldn't trade without it.

I use it with a hybrid indicator, similar to a Fozzy.

This chart shows entrys with the indicator. There must be a candle close above/below channel with an indicator cross and above/below the 50 line of 13 RSI.

This will sometimes give you an earlier entry
and give you opportunities to trade when the
3 LWMA dosen't actually cross the channel.

Hopefully chart loaded this time.

Note: I'm not implying that my system is better. I think it might compiment what you are
sharing here. I have added the 3 LWMA to my system because it sometimes gives a better entry, especially when I'm waiting a long candle to close above/below the price
channel.

I like the RSI here quite a lot. Helps to remove many bad trades.

On the 4H it seems that if the SL was moved to BE after 100+ pips we would eliminate many losing trades and still give the trade a chance to trend the direction we want.

So if we have around 100 initial stop loss I would like to see at least 200 pip profit before considering exiting the trade.

Does this hold up in the long run??

Thanks for the great post Chazbo!!

I wonder why your thread was moved? I think you have the makings of a pretty good system here.

I think the 3 LWMA crossing the price channel is a pretty good entry signal. Although it looks good on historical charts, because you are entering before the candle close
(I assume), it can't be accurately backtested.

What you need is an audible alert to sound when the 3 LWMA touches the price channel so you're not a slave to staring at your charts.