Help with my Trading Method

Hi all,

I have been using 2 sets ema's for my trading. I am quite new to forex trading and would appreciate it any of you seasoned traders could have a look at and see if it can be improved on.

Here are my settings:

13 EMA
21 EMA

and

5 EMA
6 EMA


Heres what I do.
I use CMS for my charts and use 2 charts at 60mins. On each chart I use the VT - Moving Average System and put the settings for the Moving Average System to 13 EMA & 21 EMA on 1 chart and to 5 EMA and 6 EMA on the other chart.

When your EMA's cross on the 13 & 21 then you enter a trade in that direction. You exit the trade when 5 & 6 EMA's cross in the opposite direction. You then only enter a trade when the 5&6 cross in the same direction as the 13&21.

You can also use 2 x 4hr charts for this which cancels out the noise from days when the market doesn't much.

http://www.simpledeals4you.co.uk/trade/trade1.jpg

http://www.simpledeals4you.co.uk/trade/trade2.jpg

I would really appreciate it you all could give me some feedback on this.

Thanks

Jonny

Look at the sidus method. It also works with crossovers and is easy to learn.

Is this MarcMCRae's method?
He has 500 methods, and isn't successfull. Those methods r for beginners. No, actually, those methods destroy beginners into being successfull, meaning they won't be succesfull.

look..my opinion..i know...everybody has one....ma crossovers all fall into the same catagory. they are useless unless you understand what is making them cross and you need to also understand the ma relationship to
1. Price
2. Trend
3. Fibs..support and resistance.

think about it for a moment...put any ma on your chart, on any time frame and make the rule when it goes over..go long, when it goes under go short....that is generally how they all work... it really does not mean a lot...i know the 200 and 50 are most favored...but seriously...if you had to do nothing more than watch one line cross another...everyone would be doing this....I do not want to bust your bubble in trading...but encourage you to dig deeper into the 3 things i listed above. btw..if any of you would would be intrested in receiving a pip rebate in your trading, i might could hook you up.

Well you have a good strategy no doubt, MA crossovers are strategies used by many people because of their simplicity, and indeed they do work wonders for some people because they allow you to look at price and price only without cluttering your charts.

There are a number of MA crossover strategies on the web, some use EMAs some use SMA, however, the EMAs that you are using are fairly unique (in the sense that a good number of traders don't have those particular EMAs on their charts) for this reason this strategy could be slightly risky. If you really want to use this strategy long term then I think you may need to use more conventional MA cross overs, say 100, 200, 50, 20 etc, these signals are rarer but are more reliable.

If you do decide to stick to your strategy then I suggest vigorous backtesting to see if this is a viable strategy, it is essentially a trend-change strategy (as MA cross-overs) indicate a change in trend I think a few oscillator indicators like the RSI might help increase your profitability. Also be careful about the time and pairs you trade, I have done considerable research into MA cross-over strategies and they all emphasize on TFs and pairs, if you backtest on say the EURUSD over a few months but trading during the whole day your results could be vastly different from say trading the London-New York overlap