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Simple 5m GBPUSD trade system

  • #1
  • First Post: Jun 16, 2010 4:15pm Jun 16, 2010 4:15pm
Hello, Traders!

I want to present simple strategy based on MACD and EMA Crossover indicators.
For trade I'm using GBPUSD in 5m timeframe.

This way we need to install MACD Histogram (21,34,1) and EMA Crossover (21,34). Template is attached to this post.

Entry:

When MACD crosses zero line or EMA Crossover images pointer apply enter market.

Stop Loss and Take Profit:

Stop loss: 15 pips
Take profit: 30 pips

Trading time:

I advise to trade during active market hours (Frankfurt Open, London open, New York open).

I advised to use standard instruments ( TL, MACD divergence) for identification of better entries.
Attached File(s)
File Type: tpl gu 5m.tpl   2 KB | 1,362 downloads
File Type: ex4 5-8openEMA_Cross_Arrow_with_Alerts.ex4   5 KB | 1,440 downloads
  • #2
  • Jun 16, 2010 4:29pm Jun 16, 2010 4:29pm
Quoting Yahoo!!!
Hello, Traders!

I want to present simple strategy based on MACD and EMA Crossover indicators.
For trade I'm using GBPUSD in 5m timeframe.

This way we need to install MACD Histogram (21,34,1) and EMA Crossover (21,34). Template is attached to this post.

Entry:

When MACD crosses zero line or EMA Crossover images pointer apply enter market.

Stop Loss and Take Profit:

Stop loss: 15 pips
Take profit: 30 pips

Trading time:

I advise to trade during active market hours (Frankfurt Open, London open, New York open).

I advised...
Thanks for sharing! Could you please post a screenshot?
  • #3
  • Jun 16, 2010 4:35pm Jun 16, 2010 4:35pm
Here is an example of today trade
Attached Image (click to enlarge)
Click to Enlarge Name: 12.gif Size: 24 KB
  • #4
  • Jun 16, 2010 6:01pm Jun 16, 2010 6:01pm
Quoting Yahoo!!!
Hello, Traders!

I want to present simple strategy based on MACD and EMA Crossover indicators.
For trade I'm using GBPUSD in 5m timeframe.

This way we need to install MACD Histogram (21,34,1) and EMA Crossover (21,34). Template is attached to this post.

Entry:

When MACD crosses zero line or EMA Crossover images pointer apply enter market.

Stop Loss and Take Profit:

Stop loss: 15 pips
Take profit: 30 pips

Trading time:

I advise to trade during active market hours (Frankfurt Open, London open, New York...
Do you enter when the MACD histogram crosses zero or when the arrows appear?
You mention using an EMA 21/34 crossover but your indicator appears to be a 5/8 crossover; which one do you use?

Thanks
  • #5
  • Jun 17, 2010 12:20am Jun 17, 2010 12:20am
Quoting finally
Do you enter when the MACD histogram crosses zero or when the arrows appear?
You mention using an EMA 21/34 crossover but your indicator appears to be a 5/8 crossover; which one do you use?

Thanks
Hi finally!

I'm enter when MACD histogram crosses zero or when the arrows apper. Its same.
Change EMA crossover parameters from 5/8 to 21/34.

Regards,
Yahoo.
  • #6
  • Jun 17, 2010 1:14am Jun 17, 2010 1:14am
enter
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 20 KB
  • #7
  • Jun 17, 2010 1:48am Jun 17, 2010 1:48am
o our regret i have take SL
but next enter turn out positive.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 22 KB
  • #8
  • Jun 17, 2010 6:00am Jun 17, 2010 6:00am
Quoting Yahoo!!!
Hello, Traders!

I want to present simple strategy based on MACD and EMA Crossover indicators.
For trade I'm using GBPUSD in 5m timeframe.

This way we need to install MACD Histogram (21,34,1) and EMA Crossover (21,34). Template is attached to this post.

Entry:

When MACD crosses zero line or EMA Crossover images pointer apply enter market.

Stop Loss and Take Profit:

Stop loss: 15 pips
Take profit: 30 pips

Trading time:

I advise to trade during active market hours (Frankfurt Open, London open, New York open).

I advised...

Hi Yahoo

Simple system, I like it.....as long as signals are filtered, it looks very interesting when you add pivots, daily opens etc.

Many thanks for sharing with us.

I have one question I was hoping you would answer, what level of success have you had so far and how long have you bee using it (demo and live)

Many thanks
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #9
  • Jun 17, 2010 6:52am Jun 17, 2010 6:52am
Quoting Yahoo!!!
Hi finally!

I'm enter when MACD histogram crosses zero or when the arrows apper. Its same.
Change EMA crossover parameters from 5/8 to 21/34.

Regards,
Yahoo.
What is the advantage of using a 21/34 MACD cross?

Statistically, Are these numbers more profitable than other MACD crosses?

I haven't found any MACD crosses to be profitable. Maybe these are the magic numbers. I hope so.
  • #10
  • Jun 21, 2010 1:51am Jun 21, 2010 1:51am
Well......the thread starter is a gonna!! pity, the system wasn't too bad, with added PA of course.
What you do is a reflection of you....what I do is a reflection of me.
  • #11
  • Last Post: Jul 10, 2010 8:33am Jul 10, 2010 8:33am
I did simulation and with your settings I get no trades in half a year...

I did optimization for Instaforex feed I use and i got 2% profit in 5 months and no losing trades:

http://i614.photobucket.com/albums/t.../simple-5m.png

after more optimization we got 5,6 % profit in 5 months:

http://i614.photobucket.com/albums/t.../more-opti.png
Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
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