EMA & RSI Intraday M15 system | Forex Factory

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EMA & RSI Intraday M15 system

  • #1
  • First Post: Sep 20, 2011 12:39pm Sep 20, 2011 12:39pm
For lack of better title, I chose the "EMA & RSI Intraday M15 system".

I seek help from everyone on this system, please do not be shy, share your screenshots and experience. Lets make this a system we can use.

Once someone told me, it was difficult to make 10 pips a day, consistently. I think, its possible. In my search for such a system that would give me 10 pips a day, I share this system with you all. Please help make this system better.

I do not want to clutter the system with too many indicators, but if you think an indicator would help, please feel free to share and let us all test.

About EA on this system, I do not know coding much. We can think of that later.

Disclaimer: I am just sharing a system, trade at your own risk.

OK. So here is the deal :

1. M15 EURUSD. You can test this on other currencies at your own risk.

2. EMA 5 & 12 , applied to close.

3. RSI 7 , level of 50.

LONG : when EMA 5 crosses UP of EMA 12 & RSI is higher then 50.

SHORT ; when EMA 5 corsses DOWN of EMA 12 & RSI is below 50.

Takeprofit : 10-30 pips

Stoploss : 20 pips or low of previous candle when long, high of previous candle when short.


See attached screenshots.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EXP-RSI.jpg Size: 87 KB
Click to Enlarge Name: EXP-RSI-2.jpg Size: 94 KB
Click to Enlarge Name: EXP-RSI-3.jpg Size: 93 KB
If you want your dreams to come true, you better wake up !!!
  • #2
  • Sep 20, 2011 12:40pm Sep 20, 2011 12:40pm
Saving for future.

Please share your experiences.
If you want your dreams to come true, you better wake up !!!
  • #3
  • Sep 20, 2011 2:16pm Sep 20, 2011 2:16pm
Yes, It's an idea of tech.
From beginner to expert.
Thank for sharing.
  • #4
  • Sep 20, 2011 4:52pm Sep 20, 2011 4:52pm
Great response. Atleast someone acknowledged.

I will post a few more screengrabs. Hopefully that will excite everyone to share their experience.

Quoting justinone
Yes, It's an idea of tech.
From beginner to expert.
Thank for sharing.
If you want your dreams to come true, you better wake up !!!
  • #5
  • Sep 20, 2011 4:55pm Sep 20, 2011 4:55pm
It won't work, don't waste your time/life on this, learn how to read charts and you will make money.
  • #6
  • Sep 20, 2011 6:29pm Sep 20, 2011 6:29pm
I guess you meant, forget the EA.

Because from where I stand, I am reading charts, right?

Or you meant to say, that EMA and RSI should also be neglected?

Quoting zortan
It won't work, don't waste your time/life on this, learn how to read charts and you will make money.
If you want your dreams to come true, you better wake up !!!
  • #7
  • Sep 21, 2011 4:48am Sep 21, 2011 4:48am
See attached, and share your views?
Attached Image (click to enlarge)
Click to Enlarge Name: eur-ema-rsi-1.jpg Size: 107 KB
If you want your dreams to come true, you better wake up !!!
  • #8
  • Sep 21, 2011 5:38am Sep 21, 2011 5:38am
Was the first of my trading strategies i have to say, and at the beggining was quite ok, but not for long...

RSI moves a lot specially in graphs like 15m and a period of 7, try ur strategy on 1hour and change your EMA to 13 and 50 or something longer and RSI period more than 30's...that will give u more reliable data...or if u want to stick to RSI period of 7, go to a level of 30 for selling and 70 for buying...

Good luck!
  • #9
  • Sep 21, 2011 6:37am Sep 21, 2011 6:37am
Hi sashadeol,

I have a similar strategy. trades on 16-09-2011.

For me it must also be the first candle above 50 and I use RSI 8 and EMA100 for trend.

Cheers
dynel14

EDIT: if you do not want me to write here, I'll remove my post
Attached Image (click to enlarge)
Click to Enlarge Name: ema & rsi intraday m15 system - 20110916.jpg Size: 115 KB
  • #10
  • Sep 21, 2011 6:51am Sep 21, 2011 6:51am
Thanks Dynel14. I welcome your inputs and suggestions. Please continue to share. Lets learn from each other's experience.

Quoting dynel14
Hi sashadeol,

I have a similar strategy. trades on 16-09-2011.

For me it must also be the first candle above 50 and I use RSI 8 and EMA100 for trend.

Cheers
dynel14

EDIT: if you do not want me to write here, I'll remove my post
If you want your dreams to come true, you better wake up !!!
  • #11
  • Sep 21, 2011 6:51am Sep 21, 2011 6:51am
Thanks Cmena82

I will test these settings as well and will post my findings.

Quoting cmena82
Was the first of my trading strategies i have to say, and at the beggining was quite ok, but not for long...

RSI moves a lot specially in graphs like 15m and a period of 7, try ur strategy on 1hour and change your EMA to 13 and 50 or something longer and RSI period more than 30's...that will give u more reliable data...or if u want to stick to RSI period of 7, go to a level of 30 for selling and 70 for buying...

Good luck!
If you want your dreams to come true, you better wake up !!!
  • #12
  • Sep 21, 2011 7:18am Sep 21, 2011 7:18am
hello,
i rather suggest you to use normal 14 period rsi along with bollinger bands and macd set to period 12,26,9....
for longs: price action should penetrate lower bb and rsi should be below 30..then we go long by the upward coss of macd.......
for short: pa should breach upper bb and rsi should be above 70...then go short by the downward cross of macd
  • #13
  • Sep 21, 2011 8:29am Sep 21, 2011 8:29am
  •  Hbee
  • | Joined May 2011 | Status: Trade The Market...Not The Money! | 8 Posts
Hello SashaDeol,

I would recommend reading TEB 5ema & 12ema and 21 RSI(MTF) (http://www.forexfactory.com/showthread.php?t=229238)

It appears you are using the same system TEB63 is using, or at the very least, what he was using.

Also, it would be recommended to have another moving average if you are not going to use MTF, probably 50ema, or 100ema or 200ema...choose your dose....

Dont bother making an EA about such a system. The human brain is always better than an EA. if you want to use an EA to enter a trade, as in to automatically set your TP and SL or to be able to move TP/SL on the chart, by all means, go ahead!

And finally, dont bother asking for a better indicator....the indicators you have are enough....you just need enough screen time to see how your indicators react to price and vice versa. If you want your trading to be successful, please, stick with the system you have.

If you ask me which system I am using, it is Niceguy Ridiculous 7 Pips Trading System(http://www.forexfactory.com/showthread.php?t=279970). Of course, I modded what had to be modded to make it my own or at least with what I am comfortable with, for instance, I use only one window indicator(RSI 20) and 3 emas. thats is about it.

Hope that gives you enough to think about.

Bye,
Hbee.
  • #14
  • Sep 21, 2011 9:29am Sep 21, 2011 9:29am
@Dynel14:

Please, can you share your Indis and template? Here or with PM...

Thank you in advance
  • #15
  • Sep 21, 2011 11:57am Sep 21, 2011 11:57am
Great response guys, thanks so much. I will look into more details this evening. For now, see today's EURUSD rise in the attached.
Attached Image (click to enlarge)
Click to Enlarge Name: EXP-RSI-4.jpg Size: 89 KB
If you want your dreams to come true, you better wake up !!!
  • #16
  • Sep 21, 2011 11:58am Sep 21, 2011 11:58am
Thanks for your inputs. I will check this thread this evening.

I also checked Niceguy's system, but for me it does not give regular trades, and too much choppiness at M5.

Quoting Hbee
Hello SashaDeol,

I would recommend reading TEB 5ema & 12ema and 21 RSI(MTF) (http://www.forexfactory.com/showthread.php?t=229238)

It appears you are using the same system TEB63 is using, or at the very least, what he was using.

Also, it would be recommended to have another moving average if you are not going to use MTF, probably 50ema, or 100ema or 200ema...choose your dose....

Dont bother making an EA about such a system. The human brain is always better than an EA. if you want to use an EA to enter a trade, as in to automatically...
If you want your dreams to come true, you better wake up !!!
  • #17
  • Sep 21, 2011 2:20pm Sep 21, 2011 2:20pm
Quoting Draffi
@Dynel14:

Please, can you share your Indis and template? Here or with PM...

Thank you in advance
Yeah sure, here...
Attached Image (click to enlarge)
Click to Enlarge Name: ema & rsi intraday m5 system - 20110921.jpg Size: 130 KB
Attached File(s)
File Type: rar 365trading.de - EMA and RSI.rar   24 KB | 2,160 downloads
  • #18
  • Sep 23, 2011 8:48am Sep 23, 2011 8:48am
thanks @dynel14...!
  • #19
  • Dec 9, 2015 8:11am Dec 9, 2015 8:11am
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
Quoting sashadeol
For lack of better title, I chose the "EMA & RSI Intraday M15 system". I seek help from everyone on this system, please do not be shy, share your screenshots and experience. Lets make this a system we can use. Once someone told me, it was difficult to make 10 pips a day, consistently. I think, its possible. In my search for such a system that would give me 10 pips a day, I share this system with you all. Please help make this system better. I do not want to clutter the system with too many indicators, but if you think an indicator would help, please...
This sounds great!

Thanks.

Can you please pass me the indicator with ema + rsi + alarm.

Best regards.
  • #20
  • May 17, 2016 4:56pm May 17, 2016 4:56pm
Quoting sashadeol
For lack of better title, I chose the "EMA & RSI Intraday M15 system". I seek help from everyone on this system, please do not be shy, share your screenshots and experience. Lets make this a system we can use. Once someone told me, it was difficult to make 10 pips a day, consistently. I think, its possible. In my search for such a system that would give me 10 pips a day, I share this system with you all. Please help make this system better. I do not want to clutter the system with too many indicators, but if you think an indicator would help, please...
Hello trader,

The simple things always take my attention...
Congrats for you post and here goes my contribution for your idea.....

All the best,

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 46 KB
Attached File(s)
File Type: ex4 EA_EMA&RSI_Intraday_M15.ex4   30 KB | 2,170 downloads
File Type: zip results.zip   20 KB | 1,423 downloads
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