This isn't my system. Learned about it from someone who uses it on the s&p emini. I've enjoyed reading everyone else's systems, so I wanna give back so we can all be profitable.
It works well on all currencies I've found with proper money management as there are whipsaws that occur.
The system
2min time frame
MACD histogram (50,88,9)
89ema
option
1ema and 5ema over macd
Buy's and sells are based off of a macd cross over/under 0 and teh 89ema shows the the trend.
I usually scale in b/t 1/2 and 1/3 for a buy/sell signal. Often price action will pop 5-9 pips against the trade to then I add to my position.
if the market is choppy I can usually get a breakeven and scratch a trade or 2 and then expect a larger move to happen, then I dble my position size for a confirmed break which is usually 40-60 pips....I usually just go for 10-20 and take 70% of my size off and let the rest ride with a stop and entry for a free trade.
You can use the 1 and 5 ema crosses for agressive entries, but I suggest you are either a fast scalper or conservative entry to prevent whipsawing.
I'm a scalper and leverage usually 75-100x in case I take a few losing trades up to 120x for the breakout.
I also use it on a 1min time frame for enties and exits sometimes.
Test it out and let me know if you have success.
My only advice is it's better to take profits when you have them with the system and not be too greedy unless you've already made your profit and you have scaled back at least 1/2 or more in your position sizing.
It works well on all currencies I've found with proper money management as there are whipsaws that occur.
The system
2min time frame
MACD histogram (50,88,9)
89ema
option
1ema and 5ema over macd
Buy's and sells are based off of a macd cross over/under 0 and teh 89ema shows the the trend.
I usually scale in b/t 1/2 and 1/3 for a buy/sell signal. Often price action will pop 5-9 pips against the trade to then I add to my position.
if the market is choppy I can usually get a breakeven and scratch a trade or 2 and then expect a larger move to happen, then I dble my position size for a confirmed break which is usually 40-60 pips....I usually just go for 10-20 and take 70% of my size off and let the rest ride with a stop and entry for a free trade.
You can use the 1 and 5 ema crosses for agressive entries, but I suggest you are either a fast scalper or conservative entry to prevent whipsawing.
I'm a scalper and leverage usually 75-100x in case I take a few losing trades up to 120x for the breakout.
I also use it on a 1min time frame for enties and exits sometimes.
Test it out and let me know if you have success.
My only advice is it's better to take profits when you have them with the system and not be too greedy unless you've already made your profit and you have scaled back at least 1/2 or more in your position sizing.