Scalping system #6 (EMA Bands)
Submitted by User on July 19, 2007 - 18:54.
This scalping system was sent by Frank Tenerife (Spain).
Thank you Frank! You contribution is greatly appreciated!
Here is the system:
"This is an efficient system of scalping that works in 1 minute up to 1 day all periods and all Currency pairs
Ema 3
Ema 5
Ema 7
Ema 9
Ema 11
Ema 13
Color yellow
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Hello,
Where ro get the EMA bands indicator?
Thanks
Hi Melinda,
Thank you for sharing your approach.
I was actually going to suggest same Parabolic SAR (0.1, 0.11) for placing stops.
I'm not sure whether the second message was actually from you as well, let me know.
I've published a new exit strategy, which might be of interest to you:
Exit strategy: CCI stop timing
Regards,
Edward
Hi,
I tried using the 2 SAR's strategy to exit on the 15 min chart but the setting of SAR(0.1,0.11) on MACD (5,8,9) and SAR(0.1,0.11) on chart did not seem to work for me.
Can someone please advise.
Thank you.
Hi Everyone,
I am using the entry as 36EMA crossing the 55EMA instead of 13EMA crossing the 55EMA.
I admit it is a late entry but i see lesser whipsaws.I use the 15 mins chart.
However, i have not been able to find a exit system.Would really appreciate it if someone could help me out.
Thank you!
Melinda.
Hi Edward,
Thank you.
Lisa.
Hi Lisa,
Parabolic SAR would be attached to the Fast line.
Regards,
Edward
Hi Alan,
I requested my broker to build the indicator of the SAR(0.1,0.11) on MACD (5,8,9) and he replied as below.
The MACD indicator consists of 3 outputs: the Fast Line, the Signal Line and the Histogram. I need to know which of these 3 outputs the SAR indicator attached to the MACD is based on.
Can you please help me out.
Thank you.
Lisa.
Hi Andy,
Thank you so much for your help.
Lisa.
Hey Lisa,
5 and 15 minutes are cool. There is an effective setup for SAR from 5 pips strategy (http://forex-strategies-revealed.com/scalping/5pips-gbpusd) to use. the rest is according to the plan, rules.
Andy
Hi...
i read in the previous pages that there was a person from Malaysia using this system...he commented that he goes according to the 5pm Malaysian time trend which tends to last for a while.
As i am also from Malaysia, am looking for trading partner which also uses this system so that we can share our thoughts.
lisa.
Hi,
what is the best time frame to use this system successfully and what is the trading system to use it with sar? eg...the req to be met for entry, exit, stop loss,etc..
lisa
Thank you, Mike
I would assume, it is just one SAR (0.02, 0.2)
Regards,
Edward
Hello people,
Edward: Great website
People: Great contributions
Someone said a few pages back that this strategy works well with SARs. I would like to know HOW MANY SARs and what the VALUES of the SARs are.
Thanks alot,
Mike
Hi John,
Please add the links to the uploaded files.
Thank you.
Thomas
Some Give Back
I haven't gone through all the posts to check if someone has created them yet, but here are three indicators for MT4 that will give you the Yellow, Green and Red EMA's on your chart. A little less time consuming then adding them one by one. Just copy these files into/experts/indicators and then restart MT4 and add all three to your chart.
Hope that helps someone.
Great strategy!! I am now working on an EA and will keep you guys posted.
John
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