#3 The Best of EMA Crosses on S/R
Submitted by Edward Revy on June 5, 2008 - 07:03.
AUTHOR: Ayetemimowa James
STRATEGY: The Best of EMA Crosses on S/R
Time frames: 1hr and 15min
Indicators: 5ema(close-red), 6ema(Open-blue), 20ema(close green), Daily, weekly, monthly pivot,Fibonacci retracement Weekly and Daily support and resistants, Breakout-Eagle Indicator.
PAIRS: Anything traded online that respects technicals - Commodities, FOREX, INDEXES, SHARES ETC
SETUP:
I will be using EUR/USD June 3 as an example.
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Thanks for this strategy.
Hi i just notice that MA settings are 5ema(close-red), 6ema(Open-blue).
The EMA Crossover Signal indicator attached is set to both(close).
Do i need to change?
Yes, you'll need to change the settings to close and open.
Kind regards,
Edward
my question is if this works on a 1 hour timeframe entry what about the daily weekly or monthly?
Please explain break out eagle indicator, How to make profit in this case.
Rams
Rams, take a look here:
http://forex-indicators.net/mt4-indicators/breakout_panca_eagle
Edward, How can you change the setting in the EMA Crossover Signal indicator ? (change setting of 6EMA to open)
I cannot see how to do it in the box where I set the indicator
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