EU M30 system

Dear Traders

Welcome to EU M30 system. This is a pure mechanical system based on price movment. This is not 90% or 70% winning system. If you have come here in search for such systems, please dont read it

System Background

This is a 60% winning system. With this system, you will often see losses about 40% of time. However the wins will over losses even series of trades are followed. IMO, this is a realistic system and makes the mind of the trader using it practical in the sense that he is ready to accept those 40% losses and hence does the required money management and prepare for the losses already.

This system does not try to predict market, it just tries to adjust itself with market moves. Times will be when we will not be with market and hence we will get direct losses of about 40% of the time. Times will be when we will be tuned with the market 60% of the time and enjoy the move.

Rules:

For Long setups

1)Let there be two consecutive candle closes above 5ema High

2)Then we wait for the price to touch 5ema low for long entry

3)Stops : ATR 14 value of the closing bar before the bar touching 5ema Low

4)Initial Trail : After 1R, we trail the position to BE

5)Take Profit : Fix TP of 5R

reverse for short setups.

Trade during liquid times and stay away only from very important news events.

Two charts one good setup and one failed one

I would request members for EA

EA for just trade management siince the rules are pure mechanical


Money managment : we need to have three options in EA for

% risk per trade,initial capital and per pip value

based on this the EA calculates the lot size

automatically since it has inbuilt stoploss

by fromula : lot size = $ Risk / Stoploss/ per pip value


EA should be with following options
1) On and off as per user desire
2) Time frames option of M15 and M30
3) Moneymanagement options
% risk, Initial capital and per pip value

Hope this EA will make our execution easy

remmember EA not for replacing ourselves, We must know when to put EA on and off. It just takes out manual executions

Stats

60% winning rate includes BE and fix TP

on M30, we have about 15 to 20 trades a month
60% are winners
40% reverses directly

We will have atleast three trades of 5R in a month which make up for BE and losing trades

Hi ,
can you confirm today's trade?
as per your system, stoploss was 18 pips and now +70 pips on target , do you wait for strict 5R take profit?
thank you for the simple and effective system

Regards
Winston

Yea, strict 5R TP.

grt! just 5 pips away from TP, almost 85+ done
finishes backtesting for a year on EUR USD, very promising results, grt system! Hope if we could get EA for just buying at the low or selling at high of ema, even this will serve purpose, rest things we can turn on and off as the setup requires and do MM manually. What I see it that price can quickly spike at the ema L/H and we may miss the oppportunity manually.

anyways grt contribution Spearfx, EA will take this system one step ahead in execution, so hoping someone will do it for the good of all

Best Regards
Winston

here is a basic EA. pl test it yourself. pl dont ask basic questions on EA.... try and run and then let me know.

it doesnt do trailing stops. it has fixed SL, TP

hi ..how about using 14ema high n 14ema low ...if price above 14eam we go long if below we go short ...in 30min time fame....can use together with sar to comfirm the the enter