DislikedBeen checking the charts over for the past week, I definately have a edge, quite a big edge, more of an edge than I had with M1 with less downsides, why else would I be dropping M1.
Lack of time for live day trading is a major issue in dropping M1 to.
Slap a Envelope 200ema 0.06% Dev on a M15 chart, study how often the market hits this area and reverses or the effect of it crossing and the odds are it'll be a good direction change.
Study the same on M5 and the same on M1 if you've got the time to monitor, every 10mins and 2 mins ( 30mins...Ignored
the thing is, and what i don't understand why you aren't asking yourself this... is if it's just another EMA indicator mixed in with another indicator / timeframe / moon cycle etc, then why hasn't this already been discovered by the millions of other indicator watching folk?
if you really have done the stats on how often it pays and how much it pays, and the drawdown isn't overbearing etc, then good luck with that. again, why hasn't a million other indicator watchers already found this and leveraged the hell out of it? you mention you have been looking at the past week... i can only assume you don't mean to imply that you haven't gone back a few years and really played this out for an extended amount of time!
and finally... how can you be using an EMA and continue your belief that indicators are crap? does trading really come down to a 200ema bounce or whatever you are looking at, but all other indicators and combinations of indicators are crap?
it seems to me that you consider a part of your 'edge' to be simply a smaller spread relative to the movements you are targeting. that's all well and good if the rest of your method actually has a positive expectancy and won't bust your account.
i'm not actually asking any questions. it's all rhetorical.
Congratulations ScalaFX for coming out of the closet!