Forex trading strategy #20 (63 EMA breakout)
Submitted by User on May 10, 2009 - 11:25.
Submitted by Oladayo Sakoto
Hello my fellow traders,
My name is Oladayo Sakoto from Nigeria and i'm just a new bee in the market, actually i've been trading for more than a year now. As we know the market's reaction is a little bit unpredictable in this era and i have seen a lot of events and scenarios whereby the daily trend can be changed within few minutes. So i studied hard and did a vigorous research on this strategy and it gave me 95% of wins and 5% of loss trades. Actually i back tested it for 7 months and it gave only 5 loss within this 7 months. May 2009 to November 2008. This strategy works only for GBP/USD pair cos of its great volatility.
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Everyone check out the strategy update "IN ADDITION TO THE 63 EMA BREAKOUT", in the main post.
a picture would be fine
I dont find that main post with the addition to the 63 EMA breakout (I like your system).
It's here
http://forex-strategies-revealed.com/simple/63ema-breakout
highlighted in capital letters.
I have been analyzing your strategy, but i dont think that it is 95% winning.
Hello Oladayo,
It looks like and excellent strategy, but please attach the picture how you setup those trades. I'm not sure about the filter part.
Thank You
hi oladayo! i'm not sure if i'm doing it correctly but here are my entry points. sl and tp at 100 pips. asian session taken from gmt 0100-0900, highest high + 5 pips. all bars during asian session must be above 63 ema. managed to get 3 entries from last week. are they correct? i'm not sure if they're correct but it scored 3 out of 3.
Thanks for posting the chart with the 3 entries from last week.
Your using a stop of 100 points, that's not the setting from the
original strategy. Can Oladayo please clarify this ?
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