45 Combo - momentum system

Hello and Welcome to my trading system thread. it's all based on momentum for me picking it from cheaper spot.

I keep things simple in my trading and would be no difference to approach this thread, so I get right to it.

Signal:

1) ONE minute time frame.
2) 5EMA (HLC/3 - shift 1 – yellow line) to crossover 40EMA (Close - shift 0 – blue line).
3) PA to pullback and touch/react to 40ema, without pressing the 5ema over 40ema and MACD on to opposite.
4) Resume back by 1st candle cross close of the 5ema.
5) RR 1:2+… Stop behind the last H/L… Target +20.

That’s it. This is my signal creation philosophy. Simple or at least I think so.

What I do:

1) I believe in my system and stick with it through thick and thin.
2) I make NO interference post trigger… stop or target; it’s a do or dies thing for me in this department… The trick is, it allows me to be patience.
3) I make only one trade per hour, per direction, per pair, When and If signal is given.
4) I look to walk away with +20 pips a day and stay very protective of it.
5) I risk 1% per trade.
6) I do not take trades with less than 2R’s. So if the stop is greater than 10 pips, it’s a reject.
7) I trade the following 4 major pairs: E/U – G/U – E/J – U/J.
8) I can care or less about what’s happening elsewhere. What I mean by that is that I don’t look at any other time frames beside the 1M.
9) I do not care about any correlation factors. It’s all meaningless to me.
10) I remove pending orders 5 min prior to red news and I resume with considering trades 15 min after.
11) I only trade the first 3 hours of the EU open. Living on the west coast, so I trade from 10:30 pm to 2 am give or take. I don’t want to stare at charts all day long and no reason to lose out on my beauty sleep. I also think the best time to trade currencies is the early part of EU session. You can trade it all day long though.

I highly recommend for you guys to do the same, but it’s up to you.

Why is it called 45? Well, as you can see the main ingredients of this system are made of 5EMA crossing over 40EMA. So, 40 & 5 for 45, lol.



Cheers,


Important posts to read:
1- http://www.forexfactory.com/showthre...12#post8012812
2- http://www.forexfactory.com/showthre...64#post8013064
3- http://www.forexfactory.com/showthread.php?p=8018101#post8018101
4- http://www.forexfactory.com/showthre...94#post8060494 ... The Narrow entry.
5- http://www.forexfactory.com/showthre...70#post8059170
6- http://www.forexfactory.com/showthre...96#post8059196
7- http://www.forexfactory.com/showthre...68#post8051468 ... Must read for junior members.
8- http://www.forexfactory.com/showthre...66#post8075666
9- http://www.forexfactory.com/showthre...44#post8241144 ... Correct stop placement details.
10- http://www.forexfactory.com/showthre...74#post8241974 ... Must read and do.
11- http://www.forexfactory.com/showthre...54#post8275254 ... TE list
12- http://www.forexfactory.com/showthre...82#post8281082 ... Hammertops pdf v5

Chart example of GU's today signal for better understanding.

I'll post live trades when I start my next trading session later on tonight.

Cheers,

Before I leave I like to to post one more chart example.
UJ was just great today. two winners and better yet it avoided the loser... all during the 2nd and 3rd hour of EU open.
trade 2 as you see the Pullback was strong enough to press over the 5ema over 40ema... so simply it is a reject. But even if you had taken this, as you would see it's no more than a 7-8 pips loss vs your winners of +20, only if you could hang on for it,

Cheers,

it's interesting. could you share your tpl and indicators files because its look great?

Have you tried this on any other timeframes?

NO I have not because anything higher than 1m would be too slow for me.
I trade only 3-4 hours so I need good doze of signal.
I need to be in the moves early on to take advantage even on smaller movements.
Trading 1m allows you to have smaller stop loss.

As you see I don't use much indies... the important one is the MA's and Macd, which both available in mt4. So please make due.

First trade of the day live example short of ej, stop is right at my highest point which I don't like it much but still within rules.

eu short... much more ideal stop wise.

results
eu tp hit +20
ej sl hit at -2... this one went although way to +18 and bounced.

gu short.. live

If ej would had gone another 2 lousy pips I would have been in bed already next to my honey with +40 in the 1st hour, dangit lol

Stopped out on this one for -8... it could not break lose short off that 600 level otherwise it would had been a quick 20... I took it and stuck with the plan and that's that.

Up +10 for the day still, not bad.

Uj long... very good rr on this one... 1 for 3

I missed the ej trade due to making posts, it was a good one already into +15

I see a lot of followers so I would pop up a key question...
Watch the chart, who can tell me why I would not take such signals?

UJ good for +19... I took it one short of the target here to not lose out being up nearly +30 for the day.. which is something that I do not do in the 1st hour as you witnessed live with the short ej trade, went to +18 and bounced.
A little daily management here now... I am already at last hour of my trading session and had missed the ej long one earlier so being up 10 above daily minimum approaching ending the trading session is good and wise thing.
This considers a good PA day... it fell just short of 2 pip for ej short target but a winner later and uj and eu winners so could have easily been up 50+ in just first two hours.
ok now the call for me is to protect in the last hour bcz I am up only 10 above daily goal... for instance if I was up 50, I would stay very aggressive still because even if I lose two in the last hour I would still finish +30/+35 and that is great but if win I can pretty much secure +20 avg for the whole week... and you'll get the chance to do so every week and that is just nothing short of spectacular.

for now I am eying the gu as it just made a nice momo move if it give out a nice little low risk signal I go in with care... plus it ows me 8, lol be nice to get back at'em.

you only take the first trade after the cross?

Sir, Could you make an Ea for this and share for testing?

Subscribed

Iam trading and constantly testing pretty much the same way of trading!
Will definately post trades as well, if you want me to do so