Day trades 5,10,20 EMA (Day trades 5,10,20 EMA) - MT4/MT5 Resources
I wonder if anyone on this forum is making any money - I imagine very few.
The only way to make money is with money management and a simple system.
It's really not that difficult.
This is an old one day system that is easy to use.
Use ema or sma at 5, 10, 20 (some like 4, 9, 18) Yellow, blue, red It doesn't really matter.
2 ways to play...
1. The yellow crosses are arranged in the order of green and red. It works great and you'll have lots of stops.
But if you let the winner run, you'll do great!
2. Even better is to make sure there is R/S rest and stay (better is the old 1.2.3 version!!!)
-- See the 6 yellow buy lines in the chart below, the last one is today
But please pay attention to the candle of the last day
- Do not buy/sell more than 1/3 of the wick of the candle.
Stop loss is the last swing low (or 2 swing lows if you want to close)
Enter free trade as soon as possible.
Each time you make a higher swing low, continue to move your stop up.
In strong trends, use IB to buy/sell, like the one on this chart.
Chelsea
TEB
The only way to make money is with money management and a simple system.
It's really not that difficult.
This is an old one day system that is easy to use.
Use ema or sma at 5, 10, 20 (some like 4, 9, 18) Yellow, blue, red It doesn't really matter.
2 ways to play...
1. The yellow crosses are arranged in the order of green and red. It works great and you'll have lots of stops.
But if you let the winner run, you'll do great!
2. Even better is to make sure there is R/S rest and stay (better is the old 1.2.3 version!!!)
-- See the 6 yellow buy lines in the chart below, the last one is today
But please pay attention to the candle of the last day
- Do not buy/sell more than 1/3 of the wick of the candle.
Stop loss is the last swing low (or 2 swing lows if you want to close)
Enter free trade as soon as possible.
Each time you make a higher swing low, continue to move your stop up.
In strong trends, use IB to buy/sell, like the one on this chart.
Chelsea
TEB
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