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Attachments: TEB 5ema & 12ema and 21 RSI (MTF)
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TEB 5ema & 12ema and 21 RSI (MTF)

  • #21
  • Apr 2, 2010 11:07am Apr 2, 2010 11:07am
TEB.. any idea what your winning % using this method has been over the years?
"I know how hard it is for you to put food on your family." George W. Bush
  • #22
  • Apr 2, 2010 11:15am Apr 2, 2010 11:15am
If The 5 min and 30min charts are all good
I will also get in with stronge candle as well
these are the 5 main candles formations I would use
they would be on the 5 min chart.

Again when you have the 30 min and 5 min charts iin aggreement
its hard to lose
if you are not a "pig" !!!

Attached Image (click to enlarge)
Click to Enlarge Name: candles.gif Size: 36 KB


1. 3 candle reversal
2 .OB
2. pin bars
3. IB
4. Railway trake


teb
  • #23
  • Apr 2, 2010 8:59pm Apr 2, 2010 8:59pm
Quoting 5sec
Hello Rastaman. What time frame you use for 10, 25 and 150 ema. looks good on H1.

You can use that system on almost any system but of course, the longer the time frame the more accurate the price action is going to be.
Starting to see instead of just looking.
  • #24
  • Apr 2, 2010 9:27pm Apr 2, 2010 9:27pm
MTF is the key. Yes

when to enter in shorter TF is all about S/R

for Trending short = Sell at recent Support after the break on the pullback

for Trending long = Buy at recent Resistant after the break on the pullback

all MA are just illusion.
  • #25
  • Apr 2, 2010 9:41pm Apr 2, 2010 9:41pm
Quoting Rastaman
You can use that system on almost any system but of course, the longer the time frame the more accurate the price action is going to be.

I am not sure what you mean here ?
but this looks like a good system
why don't you start a thread and show us how you do it .

teb
  • #26
  • Apr 2, 2010 9:52pm Apr 2, 2010 9:52pm
Quoting LaTeCoMeR
MTF is the key. Yes

when to enter in shorter TF is all about S/R

for Trending short = Sell at recent Support after the break on the pullback

for Trending long = Buy at recent Resistant after the break on the pullback

all MA are just illusion.
what you say is good
but this system will work
wed on 8 trades I did 205 pips
thurday 14 trades 132 pip
( not all of the the trades were with this system but most were with 2 emas and one tool ..in the dead time a use Bbands and Stoch to trade with)

but I did 300 of the pips of those two days with two ema and a tool

cheers

teb
  • #27
  • Apr 2, 2010 9:56pm Apr 2, 2010 9:56pm
Quoting TEB63
what you say is good
but this system will work
wed on 8 trades I did 205 pips
thurday 14 trades 132 pip
( not all of the the trades were with this system but most were with 2 emas and one tool ..in the dead time a use Bbands and Stoch to trade with)

but I did 300 of the pips of those two days with two ema and a tool

cheers

teb
what i meant is for simplicity , if u can draw horizontal line and identify where the break at then u are in the money

let me ask u , what if the price came back and trade above the break ?????

Are u still Selling ?????

That's why i said MAs are illusion

No Offense
  • #28
  • Apr 2, 2010 10:03pm Apr 2, 2010 10:03pm
Quoting LaTeCoMeR
what i meant is for simplicity , if u can draw horizontal line and identify where the break at then u are in the money

let me ask u , what if the price came back and trade above the break ?????

Are u still Selling ?????
yes as long as the trend holds on 30 min and 5 min
of course because the % is in my fovour
in fact it might well me a pull back trade.

that does not mean I to not know where the R/S are
and if I get a 1.2.3. break in the opp way I will stop trading

often I find the second signal is great and it often pulls back across the R/S back to the trend of the 30 min and 5 min .


teb
  • #29
  • Apr 2, 2010 10:11pm Apr 2, 2010 10:11pm
Have used this indi in the past and find in easier to use ..... hope it helps some ....
Attached File(s)
File Type: mq4 RSI Custom.mq4   3 KB | 1,130 downloads
File Type: ex4 RSI Custom.ex4   3 KB | 858 downloads
  • #30
  • Apr 2, 2010 11:49pm Apr 2, 2010 11:49pm
Tomhliles,

for some reasons i cannot save your indy as mq4. i must have missed something. thank you for sharing.
  • #31
  • Edited 5:17am Apr 3, 2010 2:12am | Edited 5:17am
Quoting TEB63
I am not sure what you mean here ?
but this looks like a good system
why don't you start a thread and show us how you do it .

teb



LoL

Yeah, sorry for cluttering up your thread.

I meant not to introduce another system but simply show how ema are effective as a pullback system, indeed as your system is.

Wishing you many pips, TEB.



Possibly you may find this EMA crossover alert indicator useful.
Attached File(s)
File Type: mq4 CrossedAlerts.mq4   2 KB | 1,162 downloads
Starting to see instead of just looking.
  • #32
  • Apr 3, 2010 5:40am Apr 3, 2010 5:40am
Quoting Rastaman
LoL

Yeah, sorry for cluttering up your thread.

I meant not to introduce another system but simply show how ema are effective as a pullback system, indeed as your system is.

Wishing you many pips, TEB.



Possibly you may find this EMA crossover alert indicator useful.
np
thanks for the ai
teb
  • #33
  • Apr 3, 2010 5:40am Apr 3, 2010 5:40am
Quoting buffalopip
Have used this indi in the past and find in easier to use ..... hope it helps some ....
thankz
teb
  • #34
  • Apr 3, 2010 12:46pm Apr 3, 2010 12:46pm
Quoting tomhliles
just so happened i made a indy for this long ago, i set defaults already
it just colors candles, has a lot calculator

however the alert true will draw arrows, it will not re enter, if u get a buy alert, the next alert wont accur unless its a sell

some1 will probly find it useful
Thanks for sharing this!
  • #35
  • Apr 3, 2010 7:44pm Apr 3, 2010 7:44pm
heres a rsi indy i made today
it signals all rules of the strategy

i added a extra optional filter, see chart

the filter is
if m5 rsi falls back over m30 rsi
Attached Image (click to enlarge)
Click to Enlarge Name: rsi.gif Size: 17 KB
Attached File(s)
File Type: mq4 rsi_ema.mq4   6 KB | 1,177 downloads
  • #36
  • Apr 4, 2010 10:10am Apr 4, 2010 10:10am
i recoded the indy today, many improvements

you can find it here
http://www.forexfactory.com/showthre...28#post3607928
  • #37
  • Edited 9:58pm Apr 4, 2010 7:55pm | Edited 9:58pm
Eur/usd !!!!

in at 1.3506 one lot out at 1.3518
2nd lot moving up sl break even plus one

teb
  • #38
  • Apr 4, 2010 9:27pm Apr 4, 2010 9:27pm
TEB63

Could you confirm your numbers and when did you enter that trade. EURISD hasn't been down to 1.3018.
  • #39
  • Apr 4, 2010 10:09pm Apr 4, 2010 10:09pm
Quoting pipstalker
TEB63

Could you confirm your numbers and when did you enter that trade. EURISD hasn't been down to 1.3018.
should have been 1.3518 (missed the 5 sorry )
2nd lot closed at 1.3525 as the 5ema crossed back over the 12ema


teb
  • #40
  • Apr 5, 2010 5:38am Apr 5, 2010 5:38am
Quoting TEB63
Its hard not to win pips with this system ... if you do MTFs
This is one of the systems I use (a lot)
here it is an 30 min & 5 min charts
its hard not to make pips with this system.
I use 5 ema and 12 ema
(but if you like use 5 & 8 or 5 & 10 ema it doesn't really matter)
MTF is the point (Multi time frames)
I use the 20 RSI at 50


I trade two lot at a time


TEB
Hi Teb,

Why did you name this the 21 RSI when you actually use a 20 period RSI???
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