EMA swing system | Foreign exchange EA download-MT4/MT5 resources
Hello fellow traders,
I want to introduce you to a simple system.
When crossing EMA204 and returning to or EMA204 , then
I want to introduce you to a simple system.
When crossing EMA204 and returning to or EMA204 , then
- Buy - EMA204 above
- Sell - Lower EMA204
- Both EMAs are closing prices
- Only the first EMA hit after the crossover is valid, others may be valid as well.
- GBP/USD only.
- Only 5 minutes of TF.
- Trading only occurs during UK and US trading hours, so you can start looking for signals 1 hour before the trading session.
Stop loss below last low/above last high. TP=2xSL, pivot.
This is not the holy grail, so always use SL and MM to protect your profits. Use BE when you get 1xsl profit.
Please try to let other traders know and if you have any ideas on how to improve this system, please post it. Share your deals!
If anyone can write an EA, it would be very welcome.
renew:
See post #21
Have a nice day Petras
All trades you enter into under this system are done at your own risk. This system is not a Holy Grail system and must be practiced on a demo account.
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