Simple 1 EMA Strategy on M15

Cause of everybody wants to know, but nobody wants to tell or improve. Thanks some guys for their expert advisors, but that time i didn't know even a little about coding like now. So system works. The basic idea for this system came from "The outsider method" article. You can just google it and see the results.
System needs filters for range markets..

let this thread be continued.
It would be interesting to know about filter rules on ranging markets.
Ty for help and such an interesting simple.

i have a system lik this, that works with one sma , a mtf macd and an rsi filter.. that runs on 5 currency pairs. it profits daily but im on the look out for when it starts to fail so far so good

I tested this system and found some improvements. First of all I changed 9 EMA to default 14 SMA.
Then For Buy condition

Close > 14 SMA (H4)
Close > 14 SMA (H1)

Then check M15 time frame. If on this TF Close price already > 14 SMA. Just wait for correction. Close < 14 SMA and Close > 14 SMA (+ pips between SMA and Close must be)

Then we buy. I usualy use 40 SL and 120 TP. at 40 pip profit breakeven, at 80 pip profit close half of position and rest another part by trailing stop (40 pip).

For Sell Condition vise versa.

Hi Feliks and All,

Interesting and simple. I am a simple man, so I like simple things.

My contribution: I have done some backtesting this past days with EMA9 in 1m TF. I prefer 1m (I do not have much time) and I am quite an impatient man. Ok, my opinion is:

In the 1m TF, in EUR/USD, it seems to work fine from 0800 to 1000 (CET) (I have not tried around New York open times). In addition, in this time frame, it seems that we do not need to stick to the gap between the candle and the EMA. We just need the candle to open and close above (or below) the EMA except:

- if the candle is an inverted hammer (or a hammer), in which case we do nothing but wait for the next opportunity
- if it is a pure doji (i.e. just a cross), then I do not know (any idea?) but prefer to keep aside.
- the candle is too large ('large' still to be defined, sorry, I have just started with this strategy)


In addition, if the candle crosses the EMA (i.e. opens and closes above ema, but minimum is below, reverese for sells), then I do not know yet. I think that if the EMA is somehow flat, better do not enter. If it has a good slope, then no problem in entering. Maybe a filter needed here. I have tried 25 EMA, and if 9EMA>25EMA then buy, but still not sure. Any ideas?

As soon as I get home I'll post some pictures.

(note: I have not live traded yet with this strategy, only made some studies)

Next step: try the 14SMA and other values for EMA and SMA.

Happy Pips to all

gonso