FREE FOREX STRATEGIES
Forex brokers comparison

Forex trading strategy #37 (EMA + MACD trading)

Submitted by CookieMonster

Parameters:

- EMA 5, 9, 18, 55
- MACD default
- Timeframe 4H, 1D
- Currency : Any

Buy Signal:

- EMA 5 and 9 cross above EMA 18 with 5-day EMA at 10 pips distance from the 18-day EMA
- Price action above the 55-day EMA
- MACD Signal crosses above the MA Signal of MACD indicator and MACD Histogram above 0
- TP : 90 pips or more
- SL : 45 pips with trailing at 45 pips if aiming for a higher target

Sell Signal:

- EMA 5 and 9 cross below EMA 18 with 5-day EMA at 10 pips distance from the 18-day EMA
- Price action below the 55-day EMA
- MACD Signal crosses below the MA signal of the MACD indicator and MACD Histogram below 0
- TP : 90 pips or more
- SL : 45 pips with trailing at 45 pips if aiming for a higher target



http://forex-strategies-revealed.com/


Looks like nice, i will taste it.

I have one question: what is about accuracy of this strategy ?

Needs to be tested :)

i justed tested in many pairs tht only 5 and 20 ema crossover is enough to get massive profit,sometimes it gives false signals in sideways but its nothing in compared to massive profit.use only 4 hour time frame

I have started to back-test this strategy unfortunately with bad results .. i stopped actually doing it i just did from Jan. 2006 till 31 Dec 2008 .. with bad results i thought maybe it because the market has changed because the strategy was submitted by Cocky-monster in the summer of 2010 so i tested 2011 as well but still the same....
I wished Cocky-monster would be around or if he reads this he could verify because either i have understood something wrong or he made his point not clear i really dont know maybe i am not seeing something clear...

I Got it like this for going long!!

1.Price action above 55 EMA
2.EMA 5-9 crossover above 18 EMA
3.Macd Histogram above the 0 Line
4.Macd bullish crossover

If all these conditions are met enter right at the next bar ..well here are the results for Daily time frame for Euro USD

2006 - 500 USD (8 trades in total)
2007 + 200 USD (4 trades in total)
2008 - 300 USD (6 trades in total)

2011 till may (breakeven)(3 trades so far)

But while i was back testing this system i found something really great which cocky-monster has left me ..( (that's why i am sure that cocky-monster either wrote it in a way where i got it wrong or i didn't get it )

The EMA cross!! It is really strong somebody else has mentioned it before .. And i like the idea of double your risk profit ..
If anybody has any idea please write it down ...
If anybody is willing to help me in a Team to back-test strategy together so its less work if we share it in a group and a few brains think better than just one .. please feel free to contact me under chopsena@yahoo.com

Sincerely

Winny

PS: I haven't tried it on 4 hour time frame maybe it works there ...

I forgot to mention that the results are based on a 10k account with taking 1% risk on each trade.......

Sincerely
Winny