Yes, I know... But if you we want to discuss it, we should do it in another place in order not to disturb this topic.
nothing happen with this thread ?
Would you please to make it easy
I always trade manually with my set up indicator over 2 years, they are crossing EMA too, but with any condition.
Here is my set up Indicator.
EMA : 5 , 18 , 35 (All in close)
RSI : 8
Slow Stoch : 15 , 5 , 5 (exponential)
Entry Market ( Buy/Sell) when all EMA (5 , 18 , 35 ) are crossing with conditon
- Buy if RSI > 50 , Slow Sochastic >40 in Time Frame 15 mnt n 1 Hour
- Sell If RSI < 50 , Slow Stoch < 60
- Stop Loss 35 pips (at above or below EMA crossing point in TF 15 mnt)
- Target Profit 120 pips
- Traling Stop 30 pips ( with progress get in after price moving 45 pips, then increasing 5 pips each time 15 pips price movement)
- order 1 lot
I really appreciate for you to help me,
Thanks in advanced
God Bless U
Please try to post some chart how you trade this system.
Well my friend, here is H1 charts
EMA 5 : RED
EMA 18 : BLACK
EMA 35 : BLUE
we can see on GBP/USD chart,
we entry sell ( A ) EMA 5 n 18 cross then 35, look at RSI n STOCH signals have confirmed
at B, even EMA 5 n 18 crossed, but price still below EMA 35 , it meant price in down trend.( I did't BUY )
at C, price in sideways but still below EMA 35 , that indicated price still in downward
before NFP news announced we already known price still in downward condition, after that all signals confirmed ( I put SELL Stop order at 1.7340 n TP 1.7260 , 5 minute before NFP news, price at 1.7355)
How about 15 min chart? Don't u look for entry at 15 min chart? Thanks.
Of course I do, I split my windows into 15 min n H1
The picture that showed above, just for Illustrating
The indicators condition of 15 min also must same with 1H,isn't it?
By the way,u don't use any indicators for exit?
For exit, I use EMA signal too ( please read my past letters #7 n #14, posted in this thread) besides trailing stop, indicators just for sign ( oversold , overbought), You won't stay on your screen for a whole day, will u ?
Hope this help
4xtrader this is what i dont understand
on the left screen i have eur/usd 15min timeframe and on the right side i have eur/usd 1H timeframe
on the 15 min timeframe i have a cross
is this a good signal?
On the left side (15 min) it looks like a good signal ( acctually you could entry sell for taking a small profits, if you're a scalper), but if you're a day trader not so good signal coz' on H1 hasn't crossed yet.
The Stoch signal on 15 min in overbought condition, that indicating down move will be ending n RSI looks to go up and on H1 price still above of EMA 35.
I haven't known yet, what kind of your habitual trading? so please make sure your habit
hope this help