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TEB 5ema & 12ema and 21 RSI (MTF) (TEB 5ema & 12ema and 21 RSI (MTF))

author EAcpu | 4 reads | 0 comments |
It's hard not to win points using this system... if you do MTF
This is one of the systems I use (often) and it's hard not to make points using this system on 30 minute and 5 minute charts.
I use 5 EMA and 12 EMA
(But it doesn't matter if you prefer to use 5 and 8 or 5 and 10 EMA)
MTF is Points (Multiple Time Frames)
I use 20 RSI at 50
(If you want letter win rates, place 45 and 55 on the higher chart RSI)

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I trade two lots at a time

First. Lot target 10 pips + spread stop loss 10 pips

second. When the first lot is taken out, the lot will move to break even. I will then continue to raise my stop on every swing until I am eliminated. (i.e. in an uptrend, each swing will be lower)
If I can't be in front of the computer
- My target is the next round number (50 or 100, which is 1.3550 1.13600)
-S/R

other things
1. The percentage of pullbacks and breakouts is better than crossovers.
2. You need to know when to trade and when not to trade (very important)
-3 a.m. ET to 5 a.m. ET 7 a.m.-12 noon ET
- Likely 8pm to 10pm ET
-No holidays
- Watch for new events at 8:30 AM and 10:00 AM ET
3. I only trade big currency pairs, I mainly trade EUR/USD!
The other two major currencies are USD/JPY and EUR/GBP then if there is no trend I would look at USD/CAD or AUD/USD or EUR/JPY

TEB
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