#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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Hi Barrett,
Double check that you have EMA Crossover Signal.mq4 in the right folder: Experts/indicators. Drag the indicator over to the charts, the arrows as well as the alert signal should appear immediately.
Let me know if you still can't make it work.
Thomas
Hi yantz,
As I wrote before, I use this system on my own way - I wait for a signal from H1 chart and then check if the trend is the same at Daily chart.
To filter out bad trades, I use ADX (14), Stoch (14,2,2) and CCI (14). I take a long trade only if +DI>-DI, Stoch>50 and CCI>0 and short trade if -DI>+DI, Stoch<50 and CCI<0. So, it is a combination of strategies found in this Forum.
I trade H1, H4 and Daily charts. At first, I tried also M15 and even M5 but those are too frustrating for me. Besides, I cannot find any sense in scalping 5-10 pips per trade - I try to catch trades that give at least 50 pips and on daily chart even 400-500 pips.
Indrek
hi indrek! are those settings for h1/d1?
thx
yantz
Hi, can anyone please tell me what the AC indicator is on the charts on the first pages screen shots, and where I can find it.
thanks
Andy
Hi Andy,
Its Bill Williams Accelerator Oscillator. You'll find it on MT4 platform.
Regards,
Edward
Hi yantz,
I use those settings for all trades on all charts (H1, H4, D1).
Indrek
thx indrek! i'll test it
yantz
Anyone who is trading on the basis of MA crosses: a new multi-timeframe indicator TRO_MM_MAXover is available at www.kreslik.com. This is the best that I have ever seen!
Indrek
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