I trade the EUR/USD and Cable since 2006. I create a system with the intension of the exhausting of the prior trend.
It is a simple system but profitable.
Create a 15 minute bar chart with 3 EMAs and the Slow Stochastic Indicator
5 EMA
55 EMA
200 EMA
Buy Trigger:
Open Long if the current trend is down (200 EMA is down) and the current bar closed above the 55 EMA. The target is the 200 EMA but if the momentum is not such high, I use the 5 EMA to close the position.
Short Trigger:
Open Short if the current trend is up (200 EMA is up) and the current bar close under the 55 EMA. The target is the 200 EMA but if the momentum is not such high, I use the 5 EMA to close the position.
The Slow Stochastic should be over/under 50.
Attached you can find 2 (worse) examples.
The first I have made 6 Pips and the 2nd I have made only 3 Pips.
That's not much, I know! The targets were 14 pips and 28 pips, but the 5 EMA gave me the signal to close the positions.
I think it is a good method to make constant money in the market.
But remember the positive past performance are no indication of future results.
It is a simple system but profitable.
Create a 15 minute bar chart with 3 EMAs and the Slow Stochastic Indicator
5 EMA
55 EMA
200 EMA
Buy Trigger:
Open Long if the current trend is down (200 EMA is down) and the current bar closed above the 55 EMA. The target is the 200 EMA but if the momentum is not such high, I use the 5 EMA to close the position.
Short Trigger:
Open Short if the current trend is up (200 EMA is up) and the current bar close under the 55 EMA. The target is the 200 EMA but if the momentum is not such high, I use the 5 EMA to close the position.
The Slow Stochastic should be over/under 50.
Attached you can find 2 (worse) examples.
The first I have made 6 Pips and the 2nd I have made only 3 Pips.
That's not much, I know! The targets were 14 pips and 28 pips, but the 5 EMA gave me the signal to close the positions.
I think it is a good method to make constant money in the market.
But remember the positive past performance are no indication of future results.