EMA_Crossover_System

EMA_Crossover_System. This strategy was created with Visual JForex platform. This strategy is using only 3 indicators: 5EMA, 10EMA, RSI(10) and it's running on the 5 minute chart on EUR/USD. Is anincredibly simple yet unbelievably effective system. This system enter LONG position when the 5EMA crosses the 10EMA from underneath and RSI must be above 50 to warrant entry. Enter SHORT position when the 5EMA crosses the 10EMA from the top and RSI must be below 50 to warrant entry. When my strategy exit a trade: This depends on your trading plan (everybody should have a plan) and money management rules. Just by glancing at some recent data, the average hourly trend seems to extend beyond 100 pips before reversing. I recommend setting a T/P between 50 - 100 pips(on 1h TF) or 5-10 pips(on 5 minute TF). S/L should provide plenty of cushion. Most trades will be winners in the long-term, but I'm uncertain of an exact win-lose ratio. Experimentation will yield the best results. I'd start with a S/L of 70 and a fixed TP of 5 pips. This strategy currently runs in scalping mode thus on lower time frame, 5 minutes time frame and it can run almost on all major currency pairs but from backtesting the best results are on EUR/USD My strategy description can be found in my article: www.dukascopy.com/fxcomm/fx-article-contest/?Ema-Crossover-System-Meet s-Visual&action=read&id=1416
Version: Date: Status: Description:
6 17.02.2014 Not running EMA_Crossover_System  Download
5 02.02.2014 Executed EMA_Crossover_System  Download
4 20.11.2013 Not running EMA_Crossover_System  Download
2 01.07.2013 Executed EMA_Crossover_System  Download
1 01.07.2013 Executed EMA_Crossover_System  Download
Daytrader21 avatar

If you wish to find more about the EMA_Crossover_System I strongly suggest you to read my article where I gived out an easy step-by-step guide on how to create your own Ema Crossover System, just copy-paste the link into your browser ---> http://tiny.cc/8sbjzw

Victor avatar
Victor 1 July

and goodluck

Daytrader21 avatar

I've made some minor upgrades to this strategy, it no longer runs on the 1h chart but instead it runs on the 5 minutes chart. The strategy remains the same as it was described in my article, just that now is in scalping mode.

Daytrader21 avatar

My strategy description can be found in my article: http://www.dukascopy.com/fxcomm/fx-article-contest/?Ema-Crossover-System-Meets-Visual&action=read&id=1416

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