520 pips in less than 48 hours
Amazing. This simple trend following system generated over 500 pips betwwen yesterday and now on EURJPY and about 600 pips on GBPJPY.
What a harvest..of.............................Piiiiiiiiiiiiiiiiiiiiiiips
Happy piping
http;//www.forex-cashcow.blogspot.com
Hey Solaelko
Nice System,here are my chart from example GJ and UJ, my TP is the Red 55 ema.
Best regards and nice pips.
55 ema
Berti,
Thanks for acknowledging the system as a nice one. Dont you think using 55ema as Tp cuts your profit short? In my own view, you will not maximize the trend.
All the same Thank you
The system looks good but I have a question. Your posting pictures from May. Why is that? Not to mention all the pictures you post show great entry trades, but your account is always at $520. Looks to me like your basing a system off past data. Which we all know is usually no good live.
itung
I shifted the chart backward that is why you saw may. But the day i posted it was sept 15. It is a system i have been using for some time and it has made me money. That account is a mini account and the opening balance was $200. Made the extra 320 using this system
Try it on demo for some time and see for yourself how profitable the system is
Thank
Just wondering, I'll look into it a little more.
System is indeed interesting, Thanks for sharing.
Hi fellow pip hunters,
I've been testing this on USDJPY and found that it produces a lot of false signals. You need to use this method with caution with any very fluid pair.
using 1hr
I'm using 1hr time frame, and following your method closely. It seems to do well when setting strict tp of 20-50 pips. But need to watch for divergences.
Typically, when following any MA (SMA, EMA, SMMA, etc.) they all work better on higher TF's and are less suited to the lower, where you typically use either breakout or scalping strategies.
What TF are you using
Limstylz,
Thanks for your post. What Time frame are you using? if you use timeframe lesser than I hour you are bound to see false signals. I use I hour and it is working for me.
Happy pipping
sola

- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
You agree to website policy and terms of use
Having gone through some of the threads in this forum, I have a simple system that follows the trend and very profitable. here is the rules
Trading Setup
Currency: EURJPY or Any currency of your choice
5 EMA applied to the close
10 EMA applied to the close
Stochastic (10,3,3)
RSI (14)
Trading Rules
Stop Loss = 30 pips
Entry Rules
1. Enter long if:
o The 5 EMA crosses above the 10 EMA and both stochastic lines are
heading up (do not enter if the stochastic lines are already in the
overbought territory)
o RSI is greater than 50
2. Enter short if:
o The 5 EMA crosses below the 10 EMA and both stochastic lines are
heading down AND (do not enter if the stochastic lines are already
in oversold territory)
o RSI is less than 50
Exit Rules
Exit when the 5 EMA crosses the 10 EMA in the opposite direction of your
trade OR if RSI crosses back to 50
That is all about the system
Happy Pipping
Elekofehinti Olusola
forexcashcow
Forex profits