FREE FOREX STRATEGIES

#3 The Best of EMA Crosses on S/R


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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Hi Edward

Ok.Thank You very much for help. I found something else. If You find in the morning on 2 charts 1h an 30M the same arrow at the same time in one direction of course, then you go to 15M chart and almost always you have move worth aver 100 pips. Check it and you will find out. But there must be 2 conditions, arrows at the same time on in one direction and open the order only on 15m chart. For confirmation you can use Gann hilo and before that big move will see consolidation on 1H and 30M czarts.If you open 12-15 different pairs of currencies there will be 3-4 such moves almost every day. But before you do it check it and practice on demo account.

Best regards

Artur

Nice observation, Arthur

Thank you for sharing!

Regards,
Edward

I WOULD LIKE TO SAY A BIG 'THANK YOU' TO JAMES FOR THIS WONDERFUL STRATEGY,TO EDWARD AND HIS TEAM, I DOUGH MY HAT,TO THE MEMBERS OF THE HOUSE, CHEERS.
ARINZE NIGERIA.

Hi,
can anybody tell me, once an arrow appears on a chart, either up or down, does it remain or can it keep repainting until it finally settles?
thanks
Andy

James, Edward,
If an arrow appears on the 15 min chart and you look at the 1 hour chart to confirm that an arrow in the same direction is also present on that (1 hour) chart, does it have to have appeared in the LAST hour or could it be any hour, perhaps 4 or 5 hours, prior to the signal on the 15 min chart appearing as long as it is in the same direction. Hope this makes sense.
thanks
Andy

Hi Andy,

It looks to me that the indicator (EMA Crossover Signal) doesn't repaint.
Note also, that default indicator settings are 4 and 8 whereas we need 5 and 6.

It doesn't matter how many hours passed since the hourly chart had shown its first trend arrow. What we look for is an agreement about the trend between 15 min and hourly chart. So, as long as it is in the same direction, we're fine.

Regards,
Edward

Hi Edward,

I was testing this strategy. Looks like it has so many loss signals, than profit signals.What can we do to get into more profit signals?

Thx.
Tom

Hi,
can anybody please explain how the mouteki or Denmark trend indicators work.
thanks
Andy