EMA 25-50 Trading System (Detailed)

can Anybody make a EA with this strategy?

http://img193.imageshack.us/img193/4...dingupdate.jpg

anyone still trading this system ?

i remember when it first came up 4 years ago... played around with it, but haven't traded it seriously, and then took a couple of year break from forex, but wanna return now

Hi

I really love this system. I am not a fan of indicator systems, however this is simple and very elegant. Effilang is one of the more talented traders to present to FF. I am keen to find out the pending update.

As a hint this system works so much better when combined with a Relative Strength Comparison tool to choose strong vs weak currencies. This is because it is a trend following system.

Massive short potentially on the cable breaking down from last weeks consolidation. I sold the evening star at the top of the extension that peaked at the 25 EMA (green on the 4 hour). There should be a lot of momentum to the downside now, because the small money was already flushed out at the top of the recent retracement - so even entering on the breakout of the lows on this would be a safe trade. Suggested holding duration is around 1 week. The fundamental releases tomorrow shouldn't sway this at all.

Stop losses should be above the evening star and first TP should be the horizontal rage of the consolidation, projected vertically.

Attached Image (click to enlarge)