Scalping system #6 (EMA Bands)

Hi George,

Sure it does :)
Guppy EMAs is a popular trading method.

Happy trading!
Edward

Edward Revy -

Mr Tenerife's multiple EMA's looks promising. Some of his rules are not clear , though . I agree with your suggestions re setting targets .

So....how about this for Long entries :

!- Look at 30 min chart to confirm the Trend.

2 - Then , using 1 minute or 5 min. chart, look for a distinct upswing with the yellow clearly above the green and the 55 red .

3 - Enter Long with a 10 pip Target.

Now the Pullback rule is not clear . I assume you wait for the yellow lines to pull back towards the green and squeeze or compress

together, then enter Long again , ( but with a 5 pip Target ) ; when yellow and green lines widen and continue

their upswing

4 - I am not sure where to place the Stop loss. Trailing Stop perhaps ? The rule is not clear .

Does all this sound about right ?

Thanks for great website .

Fraser

Hello Dear Edward,
Tnx 4 Ur method. But I have a little trouble with it. I think that we have to make a separate rules for each time frame. For example T/P must be 5 pip for M1 time frame. Or not to trade if the alarm candle, can touch one of bollinger band. Do you have any suggestion?
Also, I have frequently stops. Do U have any additional rules?

Regards - Ehsan

Hello Fraser and Ehsan,

I would need to re-evaluate the system again in order to comment on it. Let's wait for Mr.Tenerife to reply, and I'll be ready with my observations next week.

Regards,
Edward.

HEllo,
Tnx Edward. I'll wait & hope U success :)

Regards - Ehsan

Hi Edward -

Me 2 . Looking forward to your comments . The more I study these multiple EMA 'S the more I like 'em !

Bon chance ,

Fraser

Where do I find these indicators on the Metatrader 4 platform?

signed,
obviously a newbie

Hi,

To add an indicator on MT4 go to menu "Insert" -> "Indicators" -> "Trend" -> "Moving average"

Regards,
Edward