#3 The Best of EMA Crosses on S/R
Submitted by Edward Revy on June 5, 2008 - 07:03.
AUTHOR: Ayetemimowa James
STRATEGY: The Best of EMA Crosses on S/R
Time frames: 1hr and 15min
Indicators: 5ema(close-red), 6ema(Open-blue), 20ema(close green), Daily, weekly, monthly pivot,Fibonacci retracement Weekly and Daily support and resistants, Breakout-Eagle Indicator.
PAIRS: Anything traded online that respects technicals - Commodities, FOREX, INDEXES, SHARES ETC
SETUP:
I will be using EUR/USD June 3 as an example.
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Here it goes.
EMA Crossover Signal.mq4
Change EMA settings to the ones you need.
Regards,
Edward
Hi there, i use multiple chartservices because i use alarms.
I love to work with metatrader4, but i can't wright the code for alarms myself.
Is there someone who could do it for me. I would like to have an alarm on the cross of ema 3 and ema 13 colors doesn't matter.
your strategy rocks indeed....what a great job James, i will rate it one on the efficient ones!!!
Nas
A good of trendline breaks (valid break can help too). In the 15min time frame, an ema cross alert, can be confirmed with Mouteki break in trendline or a fibonacci retracement before you make an entry.
Goodluck.
James
Hi Williams,
Your stop should be the previous Support/Resistant line as the case may be.
James.
Simple and easy - that's what I like about it.
My question is: what stops would you suggest? I should follow your advice.
Thank you for sharing your trading system! You and Edward and his team are really special people.
William G.
Thanks James, I got it =)
Bryan
Hello Bryan,
That breakout-eagle indicator helps to give a visual aid of your trading session. Let it cover the Frankfurt, London and New York sessions, those are the active periods are are likely going to experience good and promising trades. I use Northfinance and i start with the first 8th hour candle of the day and ends at the London Closing candle.
Happy Trading.
James
Great strategy James!
Could you please clarify what do you do with Breakout-Eagle indicator. You said "add the breakout_eagle indicator let ur parameter cover the first 8hours candles of the day in the 1hrs timeframe." What does that mean? Thanks!
Bryan
The Strategy is best used during the London Session for Commodities and Forex Market
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