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1 hour 10 EMA Easy System

  • #21
  • Oct 26, 2012 9:04am Oct 26, 2012 9:04am
Quoting chye
perfect trades!
do u closed them just want put profits in pocket?because i haven't seen price cross up 10ema in your chart.
Today is Friday , so its better for me to close any opened positions before the market close.
i need to enjoy my weekend..
  • #22
  • Edited Oct 27, 2012 2:52am Oct 26, 2012 10:37pm | Edited Oct 27, 2012 2:52am
I think you don't have to put so much of EMAs to confirm the entry, IMHO they make me more confused @@

With a slight tweak, I use a 20 period NonLagMA and a 27 period smHull Mavg crossover for entry on H1/H4. I also include a Pivot with text for TP unless you are not willing to ride on the trend.

The rest are the same using your indicators and exit strategy (exit at RSI=50). I prefer a SL of 30-40 pips instead of 20 pips. Feel free to try it and let me know the result. I'm going to test it and post my results here.

http://img8.uploadhouse.com/fileuplo...ed7f1adf54.jpg
Attached File(s)
File Type: rar indicators.rar   24 KB | 1,160 downloads
File Type: tpl 1h tweak.tpl   10 KB | 997 downloads
  • #23
  • Edited 2:47am Oct 27, 2012 2:21am | Edited 2:47am
Take a look on the screenshots, maybe you should adjust the EMA setting bro. They make a really late entry!
Other than that, your indicators are performing very well.

http://img3.uploadhouse.com/fileuplo...b5e5ef85c4.jpg
http://img4.uploadhouse.com/fileuplo...05de5204fb.jpg
  • #24
  • Oct 27, 2012 8:00pm Oct 27, 2012 8:00pm
Quoting amikaking
Take a look on the screenshots, maybe you should adjust the EMA setting bro. They make a really late entry!
Other than that, your indicators are performing very well.

http://img3.uploadhouse.com/fileuplo...b5e5ef85c4.jpg
http://img4.uploadhouse.com/fileuplo...05de5204fb.jpg...
Hi bro,i don't agree with you.
you can't say om's entry was later than u .There are many strategies make a earlier entry because of diffenrent setups.om' entry may performant better than yours at other places.In om's words:the most important thing about this system is the strategy , not the indicators.
Good weekend,bro, and sorry for my poor english
  • #25
  • Oct 29, 2012 6:00am Oct 29, 2012 6:00am
Quoting chye
Hi bro,i don't agree with you.
you can't say om's entry was later than u .There are many strategies make a earlier entry because of diffenrent setups.om' entry may performant better than yours at other places.In om's words:the most important thing about this system is the strategy , not the indicators.
Good weekend,bro, and sorry for my poor english
hi guys, thanks for your posts ,
just want to say that some times the early entry is a loosing trade , and some times by the chance its going to your favor, every indicator in the forex game has its own setup and its own entry place.
but the most important is the strategy and following it and its rules.
  • #26
  • Oct 29, 2012 6:01am Oct 29, 2012 6:01am
Quoting amikaking
I think you don't have to put so much of EMAs to confirm the entry, IMHO they make me more confused @@

With a slight tweak, I use a 20 period NonLagMA and a 27 period smHull Mavg crossover for entry on H1/H4. I also include a Pivot with text for TP unless you are not willing to ride on the trend.

The rest are the same using your indicators and exit strategy (exit at RSI=50). I prefer a SL of 30-40 pips instead of 20 pips. Feel free to try it and let me know the result. I'm going to test it and post my results here.

http://img8.uploadhouse.com/fileuplo...ed7f1adf54.jpg...
thanks , and i will take a look at them..
  • #27
  • Oct 29, 2012 6:05am Oct 29, 2012 6:05am
this is my trade for today , took +25 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd1.gif Size: 188 KB
  • #28
  • Oct 29, 2012 9:58pm Oct 29, 2012 9:58pm
Omar thx for the great system,trading 7prs on the 1hr chart,and using your template from the first post,last week was the first full week trading your system as is.
I,m very pleased with my results thus far,keep the thread going for me no need to change anything...
Regards
  • #29
  • Oct 30, 2012 1:28am Oct 30, 2012 1:28am
Quoting qprfc
Omar thx for the great system,trading 7prs on the 1hr chart,and using your template from the first post,last week was the first full week trading your system as is.
I,m very pleased with my results thus far,keep the thread going for me no need to change anything...
Regards
hi,
try to post charts here showing your trade ,
  • #30
  • Oct 30, 2012 5:15am Oct 30, 2012 5:15am
This one looks like it had everything lined up according to the rules and yet failed. Three candles back on the red one.

Any ideas why or is it just one of those inevitable losing trades and move on?

https://lh3.googleusercontent.com/-j...20121030gu.jpg
Winners add to winning trades!
  • #31
  • Oct 30, 2012 5:52am Oct 30, 2012 5:52am
Quoting marshalmax
This one looks like it had everything lined up according to the rules and yet failed. Three candles back on the red one.

Any ideas why or is it just one of those inevitable losing trades and move on?

https://lh3.googleusercontent.com/-j...20121030gu.jpg
Dear Marshalmax,
if you are talking about going long , it didn't met all the rules , because first the flat trend still red color which show that the trend is still going down , second is that the price is still under 200 EMA , so in this case i will not go long , just i will wait for short trades...
  • #32
  • Oct 30, 2012 6:06am Oct 30, 2012 6:06am
i took one small trade with 13 pips profit , i couldnt keep it open as the market has no volatilety due to the NY market closed.
Hit and run
so i sold @ the open of the marked bar in the picture when it closed below 10 EMA and took some few pips in the pocket and got out..
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 194 KB
  • #33
  • Oct 30, 2012 4:08pm Oct 30, 2012 4:08pm
Quoting omarjazaeri
Dear Marshalmax,
if you are talking about going long , it didn't met all the rules , because first the flat trend still red color which show that the trend is still going down , second is that the price is still under 200 EMA , so in this case i will not go long , just i will wait for short trades...
No. 3 candles back was a short entry with every right according to rules, not long. Candle was above 10ema and then below, 10 was below 50 below 200, MACD was red and below, RSI was below 40 at 39.24 and flat trend was red.
Winners add to winning trades!
  • #34
  • Oct 30, 2012 4:35pm Oct 30, 2012 4:35pm
Quoting marshalmax
No. 3 candles back was a short entry with every right according to rules, not long. Candle was above 10ema and then below, 10 was below 50 below 200, MACD was red and below, RSI was below 40 at 39.24 and flat trend was red.
i prefer to trade from london open to ny close , other than that the market will keep ranging , so its better you do the same.
and this trade one of the loosing trade , then move on to the next setup.

as you know there is no system in the world give you 100% profits, you have to loose some time , but as your money management.
  • #35
  • Oct 31, 2012 1:28am Oct 31, 2012 1:28am
Quoting omarjazaeri
i prefer to trade from london open to ny close , other than that the market will keep ranging , so its better you do the same.
and this trade one of the loosing trade , then move on to the next setup.

as you know there is no system in the world give you 100% profits, you have to loose some time , but as your money management.
Thats cool I was trying to make sure it was not because I got the rules wrong. Turns out I was - I should be between UK Open and US Close. Thanks
Winners add to winning trades!
  • #36
  • Oct 31, 2012 1:34am Oct 31, 2012 1:34am
btw what is the grey dotted vertical line in the template?
Winners add to winning trades!
  • #37
  • Oct 31, 2012 1:55am Oct 31, 2012 1:55am
How's this one now?

https://lh4.googleusercontent.com/-6...31gugolden.jpg
Winners add to winning trades!
  • #38
  • Oct 31, 2012 2:08am Oct 31, 2012 2:08am
Quoting marshalmax
btw what is the grey dotted vertical line in the template?
these are the period separators for each day.
  • #39
  • Oct 31, 2012 2:12am Oct 31, 2012 2:12am
Quoting marshalmax
How's this one now?

https://lh4.googleusercontent.com/-6...31gugolden.jpg
this is the perfect setup for entering a trade , but for me its risky to take it now until London opens , its better to wait for LO , as it could go to the other side once LO.
Good luck.
  • #40
  • Oct 31, 2012 4:31am Oct 31, 2012 4:31am
Quoting omarjazaeri
these are the period separators for each day.
Thanks
Winners add to winning trades!
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