Hi, I just want to add that I also played with the 5/8 ema cross on daily TF recently, but the MM I used was 1 X ATR(13) for SL and 1.5 X ATR(13) for TP. I got interesting results bactesting 13 pairs from Jan2009 to June2009 (see results), only ...

Simplest Daily EMA Cross System

Hi, I'm not sure if I'm doing this right, so any comment will be highly appreciated. I am using three MACD histograms to represent the three 200 ema lines. So when the 2nd and 3rd histos agree (1hr and 4hr), I am waiting for the first one (15min) to ...

World's Simplest System

I would suggest adding a 150 EMa to trade the signals according to the trend. I'm surprised it was not considered by the author, but I think the system was built for impatient traders. But on a 5 min chart, it is worth waiting a few minutes IMO. ...

5 Minute Momo Trade

I am curious to see the results of your tests. I would guess that you would have to change the settings somewhat because of the whipsaws of shorter timeframes. Maybe getting back to 5/8 ema? I don't know. Anyway, I enclosed my template and ...

Simple 5 / 8 moving average crossover

Go see post #4067. Chamane

Powerful 1 Min Scalping System (Fx Prime)

I've been working on a set of rules that would allow me to trade a set and forget type of system. I chose the daily charts because it only needs les than an hour of work per day. Here are the rules: Indicators: - 3 EMA close - 5 EMA open - 30 EMA ...

Simple 5 / 8 moving average crossover

Another interesting feature with Dealbook is the possibility to use custom tick charts with an appropriate account. I've come across a trading strategy (settings, rules) using tick charts that I wanted to test, but I did not find a platform yet that ...

GFT Dealbook 360

Yeah, that happened to me also. Now I make sure every orders are closed down in the Working Orders menu after a trade because they don't get off automatically. You can find indicators or ask for them on the Chart Studio forum and there are a few on ...

GFT Dealbook 360

I backtested 30min and 1hr charts for June and got unsteady results. Some pairs showed even negative results overall. But I used the narrowing of the EMA cross (changes of color of MACD (25,40,1)) instead of the cross itself (MACD above/below 0) ...

Simple 5 / 8 moving average crossover

Here are my frist two trades for the week. For EURUSD, I decided to secure my pips this morning and got stopped out at 50% TP, but it appeared to be the right decision. Vertical lines show all conditions fullfilled for a long entry (first MACD ...

Simple 5 / 8 moving average crossover

Here's another article. It is related to stock trading and I'm not sure it can be applied to currencies. Like to chose an entry point, the author suggests to check for 2 X stddev of the ratio (1 stock divided by the other). In the case of the ...

Hedge and Correlation Strategy

From last week's trades, I had NZDUSD and GBPUSD srill running. They both reached 50% of TP this morning (Monday) so I brought the SL to BE + 10 pips. Now they are over 30 pips and I'm sure it's going to be all winners for last week. I just took ...

Simple 5 / 8 moving average crossover

Yes, sometimes you can't tell if RSI is over/under the line or not. That will surely help. Thanks! Chamane

Simple 5 / 8 moving average crossover

Merci mille fois! It looks quite sensible to changes in the narrowing of the cross. I found your thread. Very interesting. Thanks again. Chamane image

Simple 5 / 8 moving average crossover

Thanks a lot! Your indicator seems to be working fine. It signals the ema cross one candle ahead of mine as it should. I enclosed two MACD indicators you can work on for the colors. I personally use the first one that doesn't need the signal line. I ...

Simple 5 / 8 moving average crossover

This week's results. I took six trades on 4hr charts: EURUSD: +100 +50 GBPUSD: +100 +30 (still running) USDCHF: +50 NZDUSD: -6 (still running) Chamane

Simple 5 / 8 moving average crossover

For now, I am only using the cross of ema's but I could use the dark color of histograms (see pic) wich represents the narrowing of the lines as you mention. Those histograms use only close ema's and I am looking for one where you can change the ...

Simple 5 / 8 moving average crossover

You can have a look at my results in the attached file. I would add that when price was 1/2 TP level, I brought SL to Breakeven + 10 pips. When price reached 3/4 TP level, I brought SL to Breakeven + 1/2 TP. I didn't consider the trades stopped out ...

Simple 5 / 8 moving average crossover

Backtesting since January — I was curious to see how this strategy is profitable on the 4 hr TF in the long run. I manually backtested AUDJPY, AUDUSD, CADJPY, CHFJPY, EURCHF, EURGBP, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCHF, ...

Simple 5 / 8 moving average crossover

No, but I will probably use it soon. Maybe something like cashing in at 2/3 of TP for 1 lot and moving SL to BE with trailing stop of 25 pips for the other. I will have to look at what others think about that keeping in mind the risk to reward ...

Simple 5 / 8 moving average crossover