I would like introduce you simple system.
When EMA34 cross over EMA204 and go back to EMA34 or EMA204, then
- BUY - EMA34 above EMA204
- SELL - EMA34 under EMA204
- Both EMAs are close price
- Only first touch of EMA after cross is valid, other maybe.
- Only GBP/USD.
- Only 5min TF.
- Trade only UK and US session, so you can start looking for a signal 1 hour before session.
SL below last low/above last hi. TP=2xSL, Pivots.
It isnīt Holly Grail, so allways use sl and MM, guard your profits. Use BE when you are at profit 1xsl.
Please try and lets know other traders, if you have any idea how to improve this system, post it. Share your trades!
Would be welcommed if anyone can programm EA.
see post #21
have a nice day petras
All trades which you make according to this system are under your risk. This system is not Holly Grail and have to be practised on demo account.