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Developing a system #27 (EMA + ADX + AC)

Submitted by Morgan

Hi

I want to submit my strategy and get some opinions.

Indicator:

5(EMA) and 50(EMA)

accelerator oscillator (5,34,5 (SMA))

ADX(5)

Rules:

placing order if 5 and 50 EMA cross each other AND ADX at least at 50 AND if oscillator past 0.0003 or -0.00003.

The problem are the stop loss and take profit. I still testing it. I hope i can get some opinions or insight.

Best regard and thank you

Morgan

what time frame and any particular pairs are you suggesting?

i usually used 30 minutes chart and EUR/USD.

hi Morgan,
ADX is above 50 or below 50?

at least 50 or bigger than 50.

thank you for you comment, i appreciate it.
morgan

A good place to start a SL/TP is to use ATR. I like to use ATR(5)when I'm at a lost (usually at a 2xATR TP and 1xATR SL).

what about trailing stop?

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