Dear FX Forumites,
Am happy to be back to this GREAT wonderful Forex Forum on the Globe!!
As a technical trader, i have used numerous Indicators couple of years since i started trading even Customised indicators, though they are helpful sometimes but i continue back testing them.
Recently, i found an indicator helpful all the time and i felt i should share it in this forum.
The indicator is EMA50. Forumites Please join me as i welcome Mr. EMA50.
Here is my setup:
BEST TIME FRAME: 1hour
CURRENCY: All Currencies
STOPLOSS: 20pips
TAKE PROFIT: NONE
TRAILING STOP: 5-10pips
BUY when second candle Opens ABOVE EMA50.
NOTE: If the first candle that opens Above Ema50 is 10- 20pips before the open of second candle, then is valid to Buy from the open of Second Candle. But if the first candle that opened Above the EMA50 has moved about 40-100pips, it is invalid but you can still pick out 10-15pips before it becomes fully invalid.
SELL when second candle Opens BELOW EMA50
NOTE: If the first candle that opens Below Ema50 is 10- 20pips before the open of second candle, then is valid to Sell from the open of Second Candle. But if the first candle that opened Below the EMA50 has moved about 40-100pips, it is invalid but you can still pick out 10-15pips before it becomes fully invalid.
Apply it and give me your feedback.
Enjoy your trades. Wishing you 1000pips with this System.
Regards,
PAULFOREX........ the Aggressive Trader
Below is my chart showing the EMA.
Am happy to be back to this GREAT wonderful Forex Forum on the Globe!!
As a technical trader, i have used numerous Indicators couple of years since i started trading even Customised indicators, though they are helpful sometimes but i continue back testing them.
Recently, i found an indicator helpful all the time and i felt i should share it in this forum.
The indicator is EMA50. Forumites Please join me as i welcome Mr. EMA50.
Here is my setup:
BEST TIME FRAME: 1hour
CURRENCY: All Currencies
STOPLOSS: 20pips
TAKE PROFIT: NONE
TRAILING STOP: 5-10pips
BUY when second candle Opens ABOVE EMA50.
NOTE: If the first candle that opens Above Ema50 is 10- 20pips before the open of second candle, then is valid to Buy from the open of Second Candle. But if the first candle that opened Above the EMA50 has moved about 40-100pips, it is invalid but you can still pick out 10-15pips before it becomes fully invalid.
SELL when second candle Opens BELOW EMA50
NOTE: If the first candle that opens Below Ema50 is 10- 20pips before the open of second candle, then is valid to Sell from the open of Second Candle. But if the first candle that opened Below the EMA50 has moved about 40-100pips, it is invalid but you can still pick out 10-15pips before it becomes fully invalid.
Apply it and give me your feedback.
Enjoy your trades. Wishing you 1000pips with this System.
Regards,
PAULFOREX........ the Aggressive Trader
Below is my chart showing the EMA.
Forex is my Love! Forex is my Life!!