Journal on Moving Average System

Rules:

15m chart of Eur/Usd

Place EMA's of 10, 20, 50, 100

Long Entry:

Once 20EMA is on top of 50EMA and price has retraced back to the 20 enter at the 20EMA with the SL set at the 100EMA.

Move SL to +1 after price has moved 25 pips. Once your SL is at +1 do not move it.

Exit by either being stopped out or the 10EMA crosses the 20 EMA.

Add to the position everytime price retraces to the 20EMA and 50EMA. The initial SL for every new position will be the 100 EMA

Short Entry:

Opposite of Long

Closed all trades today for a +36 pips.

Note: I had this thread in trading journals but was moved here. I do not know why, it is my personal journal.

This is agressive but on big trend you can make a LOT of money adding to your position.

Hy Lefta,

Thx for posting your system !

As I am a new member, I want to learn from you guys as much as I can, so I may ask a lot of questions... I hope you don't mind :|

As I understand, you have a simple system (and this is good ) that it seem to work only in strong trend movements.

1. How about choppy ones ? No trades ?

2. What if the price has retraced back to the 50 and not to 20 ? It's not a valid trade ? Don't get me wrong, but can you give me more details about your entries ?

3. What is your wining rate with this system ?

Thx in advance for your help !

Have pips !

I'm assuming for a long entry that the 10 > 20 > 50 > 100

opposite for shorts...?

1. How about choppy ones ? No trades

Yes you do trade but you will have them.

2. What if the price has retraced back to the 50 and not to 20 ? It's not a valid trade ? Don't get me wrong, but can you give me more details about your entries ?

You then have 2 trades open.

3. What is your wining rate with this system ?

about 66%

I'm assuming for a long entry that the 10 > 20 > 50 > 100

opposite for shorts...?

Yes

I'm assuming for a long entry that the 10 > 20 > 50 > 100

opposite for shorts...? May 29, 2009 4:43pm (22 hr ago)