Scalping system #12 (Three EMA's scalping)
Submitted by User on April 21, 2009 - 00:24.
Submitted by Peter
I use scalping on three EMA's: 10,21 and 50, on EURUSD 15M, focusing on the 10-EMA to cross over both, 21 and 50 EMA. After a close off the 50 I enter, setting my Stop 5 pips above last candle (the one, which closed off 50 EMA). I do not set a fixed Profit, however change frequently to the 5M to observe if a reversal is near, which would be my signal to exit. For orientation I use ADX 14 with it, however just use it to check/orientat (+ above _ or vice versa, pressure/momentum etc.).
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I don't know about the rest, but don't you think that using moving averages with MACD, which is based on moving averages too, is going to be a bit the same story?
Cheers,
Rich
Edward,
thank you for the:
1) great site
2) FX sniper's indicators. --> some of them were not collected by me :p
Regards,
GrZack
All are there:
Template: 5_15min_ema10_21_50_adx14_fx_sniper.zip
Hi Peter... thanks for sharing "Three EMA's scalping"
I'm new in Forex. Today I tried this strategy. My results:
10 trades, 3 losts
PROFIT - 35% = 121.38 USD
Thanks 4 all...
Great work!!
Wieslaw
thanks for the template and the FX Sniper indicators, but how do you use those ?
cheers,
Well am new and have seen alot of strategies here but the challenge am having here is that forex is a game of numbers and as a mathematician I believe that there is a constant amongst these numbers.
i have about 26 strategies but they all have the same problem. exit points. even when they give exit signals i must loose some pips because they are all lagging indicators. Please if there are any mathematicians in this forum i want you to take part in finding this constant.
whats more i believe that a point where the constant,average and probability intercepts will be a signal to enter and exit the market but i am having a challenge working out a formula for this. this is a non profit project and would want to work with other mathematicians too.
I still believe there is a code to be cracked in forex trading and i wont rest till i find it.
if you have any contributions please call me on +234 806 758 1932
or mail me on edforexmart(at)gmail.com
Hi guys,
Regarding FX Sniper indicators, I never used them and can't be sure about the exact interpretation. I'm sorry.
Now, regarding math question. I'd agree that it is a game of numbers to some extent.
Take Elliot + Fibonacci sequence, the study of cycles, Gann theory, certainly add daily range average for currencies - there is a lot to work with.
I'm going to copy your message to our Forum board, so that everyone can see it and hopefully there will be math savvy people to join you. I'm far from being a dedicated mathematician.
Link: http://forums.forex-strategies-revealed.com/mathematicians-join-the-proj...
Regarding exits, you have to keep in mind that if you want you get the maximum from every trend, you need to let your profits run without setting profit targets. This will do the job, but take some profits back when a trend is finally over.
On the other hand, if you set a profit target, you'll be exiting without giving anything back, however, you won't be able to catch the entire trend top to bottom.
Best regards,
Edward
this system suck
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