Great ema schalping system

I have a great system that generates a lot of points every day, but it only requires one thing and I thought maybe we could help each other out and then we could all benefit from it.

I only trade on the EUR/USD and GBP/USD 5 minute charts. index:

5 ema applied to high color green
5 ema applied to low color reds
Rsi-9 period, 70 and 30 levels

If the RSI is below 30 and a new candle opens below the red EMA line, buy.

If the RSI is above 70 and a new candle opens above the green moving average, sell.

Make sure to move back the Chanel cover by at least your spread and 3 more pips. Take profits now until price returns to the channel. Between 3 and 7 o'clock.

The only problem I have with the system is where to put my SL, since I can't trade without it.

I have attached the system template

All credit for the original system goes to Tmac

Interesting Post Page 7 No. 96 lilelisi

http://mibbit.com/?channel=%23Scalpi...irc.mibbit.net is a link to the chat room during the London meeting