Wins and Losses will be updated once a week.
I basically use moving averages to trade with my system
This is my setup
Weigted Moving Average (WMA) : 100 RED
Simple Moving Average (SMA) : 15
Exponential Moving Average (EMA) : 3 GREEN
Chart: 15 min (Intraday) or 4H (Daily)
Go Long when:
EMA crosses above WMA
Go Short when:
EMA crosses below WMA
Take Profit when:
EMA crosses SMA. This is a sign that the current trend is turning in the opposite direction.
Stop Loss: This is where you can make the system your own. If I am doing day trade, I place my stop loss at the mid-point of the previous candle. Intra-day trading, I just let the profit run until the EMA crosses the SMA.
Example1 :
Go Short
EMA crosses below WMA and candle closes below WMA
I place a sell order on the next candle open at 1.5633
EMA crosses SMA signalling reversal of short term current downtrend
I take profit at open of next candle at 1.5550
Profit: 1.5633-1.5550=83 pips
Example 2: Go Long
EMA crosses above WMA and candle closes above WMA
I place a buy order on the next candle open at 1.5595
EMA crosses SMA signalling reversal of short term current uptrend
I take profit at open of next candle at 1.5647
Profit: 1.5647-1.5595=52 pips
(Updated June 13)
Winning Trades: 11
Losing Trades: 2
Wacha wanna do now?
Seriously after all that info overflow....take a break...let it sink in....
Bookmark this page if you wanna pimp my system ;)
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