Introducing Mr EMA50 System - MT4/MT5 Resources
Dear Forex Forum members,
Great to be back in this wonderful global FX forum!
As a technical trader, I have used many indicators over the years since I started trading and even customized indicators, and while they have been helpful at times, I continue to backtest them.
Recently, I've discovered an indicator that has been helpful and I thought I'd share it on this forum.
The indicator is EMA50. Forum members please join me in welcoming Mr. EMA50.
This is my setup:
Best Time Frame: 1 hour Currencies: All Currencies Stop Loss: 20 pips Take Profit: No Trailing Stop Loss: 5-10 pips
Buy When the second candle opens above the EMA50.
Note: If the first candle opens above Ema50 for 10-20 pips before the second candle opens, the buy is valid from the opening of the second candle. But if the first candle opens above EMA50 and moves about 40-100pips, it is invalid, but you can still pick 10-15pips before it becomes completely invalid.
Sell when the second candle opens below EMA50
NOTE: If the first candle opens 10-20 pips below Ema50 before the second candle opens, then selling is valid from the opening of the second candle. But if the first candle opens below EMA50 and moves about 40-100pips, it is invalid, but you can still pick 10-15pips before it becomes completely invalid.
Apply it and give me your feedback.
Enjoy your transaction. Good luck getting 1000 points using this system.
greeting,
PAULFOREX........ The Aggressive Trader
Below is my EMA chart.
Great to be back in this wonderful global FX forum!
As a technical trader, I have used many indicators over the years since I started trading and even customized indicators, and while they have been helpful at times, I continue to backtest them.
Recently, I've discovered an indicator that has been helpful and I thought I'd share it on this forum.
The indicator is EMA50. Forum members please join me in welcoming Mr. EMA50.
This is my setup:
Best Time Frame: 1 hour Currencies: All Currencies Stop Loss: 20 pips Take Profit: No Trailing Stop Loss: 5-10 pips
Buy When the second candle opens above the EMA50.
Note: If the first candle opens above Ema50 for 10-20 pips before the second candle opens, the buy is valid from the opening of the second candle. But if the first candle opens above EMA50 and moves about 40-100pips, it is invalid, but you can still pick 10-15pips before it becomes completely invalid.
Sell when the second candle opens below EMA50
NOTE: If the first candle opens 10-20 pips below Ema50 before the second candle opens, then selling is valid from the opening of the second candle. But if the first candle opens below EMA50 and moves about 40-100pips, it is invalid, but you can still pick 10-15pips before it becomes completely invalid.
Apply it and give me your feedback.
Enjoy your transaction. Good luck getting 1000 points using this system.
greeting,
PAULFOREX........ The Aggressive Trader
Below is my EMA chart.
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