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Forex trading strategy #1 (Fast moving averages crossover)

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  #1  
Old 27-04-2009, 17:17
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Default Forex trading strategy #1 (Fast moving averages crossover)

Trading systems based on fast moving averages are quite easy to follow. Let's take a look at this simple system.
Currency pairs: ANY
Time frame chart: 1 hour or 15 minute chart.
Indicators: 10 EMA, 25 EMA, 50 EMA.
Entry rules: When 10 EMA goes through 25 EMA and continues through 50 EMA, BUY/SELL in the direction of 10 EMA once it clearly makes it through 50 EMA. (Just wait for the current price bar to close on the opposite site of 50 EMA. This waiting helps to avoid false signals).
Exit rules: option1: exit when 10 EMA crosses 25 EMA again.
option2: exit when 10 EMA returns and touches 50 EMA (again it is suggested to wait until the current price bar after so called “touch” has been closed on the opposite side of 50 EMA).
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  #2  
Old 27-04-2009, 22:47
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Join Date: Feb 2009
Location: australia
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Default

Quote:
Originally Posted by kartarash View Post
Trading systems based on fast moving averages are quite easy to follow. Let's take a look at this simple system.
Currency pairs: ANY
Time frame chart: 1 hour or 15 minute chart.
Indicators: 10 EMA, 25 EMA, 50 EMA.
Entry rules: When 10 EMA goes through 25 EMA and continues through 50 EMA, BUY/SELL in the direction of 10 EMA once it clearly makes it through 50 EMA. (Just wait for the current price bar to close on the opposite site of 50 EMA. This waiting helps to avoid false signals).
Exit rules: option1: exit when 10 EMA crosses 25 EMA again.
option2: exit when 10 EMA returns and touches 50 EMA (again it is suggested to wait until the current price bar after so called “touch” has been closed on the opposite side of 50 EMA).
thanks for your efforts kartarash but have two questions.

A) re garding entry, why bother having 25ema when you have to whait for 10 to cross 50. the 25ema seems useless

B) you all so say, only enter when price close past 50ema which will help avoid false signals. i have yet to see 10 ema ahead of price. what i am trying to say is, when 10 ema cross 50 ema the price would be well and truely closed past the 50.

i sincerely apreiciate your generosity and hope you can clarify and show some charts proving me wrong. its just that mabe i am slow in understanding. cheers :)
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  #3  
Old 04-05-2009, 11:40
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Location: indonesia
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Send a message via Yahoo to davidtrisnadi
Default ema hmm nice

what about ema34? i tried it for index n forex and it is good especially for hangseng, GBP, and euro
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  #4  
Old 15-05-2009, 12:23
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thanks for your efforts kartarash.

will try out and keep you posted
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  #5  
Old 20-05-2009, 13:45
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the strategy seems simple enough, However I would like to know about do we get in when it is a uptrend or downtrend? or it works both ways. How much success you have on this?
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  #6  
Old 18-09-2009, 12:07
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Default EMA 34 By Closed

Quote:
Originally Posted by davidtrisnadi View Post
what about ema34? I tried it for index n forex and it is good especially for hangseng, gbp, and euro

EMA 34 + EMA 14 + cci (14) + cci(50) = perfect ... !
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  #7  
Old 13-09-2012, 16:03
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Default Re:  Forex trading strategy #1 (Fast moving averages crossover)

As you can see, different investors will have different trading choice. The very first factor I believe you must do is to discover out your own choice. Are you someone who is super traditional and you do not like to danger much in a trade? Or are you someone who is competitive and it is excellent for you to cope with greater danger investments?
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  #8  
Old 01-03-2016, 06:50
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Default Re:  Forex trading strategy #1 (Fast moving averages crossover)

Hi. Are you a Forex Trader ? We welcome Forex traders to join our “MAM-PAMM” system as well as Stock Market, Mutual Funds, Real Estates investors. We trade many pairs: EURUSD, USDJPY, GBPUSD, GOLD, etc.
You can also check our trading results at:
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