EU M30 system | Foreign exchange EA download-MT4/MT5 resources-MetaTrader 5 resources
Dear traders
Welcome to the EU M30 system. This is a purely mechanical system based on price changes. This is not a 90% or 70% winning system. If you came here looking for this type of system don't read it
System background
This is a 60% winning system. Using this system, you will typically see losses about 40% of the time. However, even with a series of trades, profits can outweigh losses. IMO, this is a realistic system which makes the idea of a trader using it practical as he is ready to accept this 40% loss and therefore has done the required money management and is prepared for the losses.
The system does not attempt to predict the market, it simply attempts to adjust itself to market movements. Sometimes we get out of the market, so about 40% of the time we suffer direct losses. We will go with the market and enjoy the move 60% of the time.
rule:
For long settings
1) Assume there are two consecutive candles closing above the 5ema high
2) Then wait for the price to hit the 5ema low to enter the long position
3) Stop Loss: The bar touches the 5ema Low ATR value of the previous closing bar 14
4) Initial tracking: After 1R, we track the position to BE
5) Take profit: fixed TP of 5R
Reverse for short setting.
Trade during liquidity hours and only stay away from very important news events.
Two charts, one setup well and one failed
Welcome to the EU M30 system. This is a purely mechanical system based on price changes. This is not a 90% or 70% winning system. If you came here looking for this type of system don't read it
System background
This is a 60% winning system. Using this system, you will typically see losses about 40% of the time. However, even with a series of trades, profits can outweigh losses. IMO, this is a realistic system which makes the idea of a trader using it practical as he is ready to accept this 40% loss and therefore has done the required money management and is prepared for the losses.
The system does not attempt to predict the market, it simply attempts to adjust itself to market movements. Sometimes we get out of the market, so about 40% of the time we suffer direct losses. We will go with the market and enjoy the move 60% of the time.
rule:
For long settings
1) Assume there are two consecutive candles closing above the 5ema high
2) Then wait for the price to hit the 5ema low to enter the long position
3) Stop Loss: The bar touches the 5ema Low ATR value of the previous closing bar 14
4) Initial tracking: After 1R, we track the position to BE
5) Take profit: fixed TP of 5R
Reverse for short setting.
Trade during liquidity hours and only stay away from very important news events.
Two charts, one setup well and one failed
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