Simple Euro System...

[Marc45]

Use a EMA 3 and a EMA 10 on the 5 minute EURO/USD pair during the trading times of between 2:00 a.m. to 5:00 a.m. and 8:00 a.m. until 10:00 a.m. you'll make some money. This is in EST (eastern standard time). Wait for the cross to occur on a closed bar and then enter. Exit 1/2 of your position when you have made 40-50 pips and then exit the rest when it crosses again. It is simple and it works. Stick to the simple rules and you'll do fine. THese time periods cover the most volatile and active trading times where the market moves most. Don't bother using it during quiet market times. Over the week you'll win some and you'll lose some. After each week I can assure you you'll come out nicely on top. It's really that easy. Use red colour with the 3 EMA and yellow with the 10 EMA. Sounds too easy to be profitable doesn't it? Try it. Demo it.

[fisherman]

Hi guys, Please don't laugh now, I am totally new to Forex but want to learn.
I can see the Moving Average Indicator on the MT4 platform but what I have to do to change that to EMA3 and EMA10 in order to attach them to the 5M EUR/USD chart?
Thank you all in advance.

[Henry]

Originally Posted by fisherman

Hi guys, Please don't laugh now, I am totally new to Forex but want to learn.
I can see the Moving Average Indicator on the MT4 platform but what I have to do to change that to EMA3 and EMA10 in order to attach them to the 5M EUR/USD chart?
Thank you all in advance.

Select MA from the menu and look at all the dropdown menu options.

[fisherman]

Hi Henry, Thank you very much.
Now I will have a new chart with indicators to play with tomorrow morning,Thank you.

[manus168]

@ MARC45;

Can you give a suggestion about How Much & where the Stop Loss must we put in ?

Thanks in Advance


:)

[manus168]

Don't forget; Screenshoot please :)

[manus168]

Try to help post the screenshoot :

[Forex37]

Could it be, that those BUY and CLOSE bars are just the SIGNALbar - when finished (otherwise cross could be avoided), so you could enter only at the start of the very next bar?

Thanks

Forex37

[jake]

i've always used the 5ema and 12ema.

but the 3 and 10 does show a slight difference on entry....i like it.

thanks

[fisherman]

:confused:

Originally Posted by manus168

Try to help post the screenshoot :

WOW! That is a beautiful chart, All my candles are green, what do I have to do to get my chart to look like that? and what is the E stands for on the EMA? Thanks

[manus168]

Originally Posted by jake

i've always used the 5ema and 12ema.

but the 3 and 10 does show a slight difference on entry....i like it.

thanks

Great Combination ;)

However let you try

GBP/USD with Timeframe: m15,

use:

Simple Moving Avarage (SMA) Periode 2 By Close & Simple Moving Avarage (SMA) Periode 19 By Closed

Filter :

MACD 5,8,1

Enter :

BUY : When SMA 2 Crossing Up (SMA 19 at bellow SMA 2),
& MACD (The histogram) above 0 level.

SELL: When SMA 2 Crossing Down (SMA 19 above SMA 2),
& MACD (The Histogram) bellow 0 level.

* If you want more clearer ranges for this day used Bollinger Bands Periode 96 Deviation 2

Happy trading


:)

[manus168]

Originally Posted by fisherman

:confused:

WOW! That is a beautiful chart, All my candles are green, what do I have to do to get my chart to look like that?

Thanks a lot Buddy;

Just little bit work, you just only put your cursor at the middle of the charts (at the Black & Blank Charts) Click your right Mouse & select "Properties" & select Color, & Choose the Bar Up Aqua, & Bar Down Magneta.

and what is the E stands for on the EMA? Thanks

Can you give me a look which one "E" that you meant ?

[fisherman]

[QUOTE=manus168;1220]Thanks a lot Buddy;

Just little bit work, you just only put your cursor at the middle of the charts (at the Black & Blank Charts) Click your right Mouse & select "Properties" & select Color, & Choose the Bar Up Aqua, & Bar Down Magneta.



:D:D:D

Thank you Manus, you made my day.

It's so much easier on my eyes now and I bet you a lot of people that have been trading for a long time didn't know how this is done. Thanks a lot

[manus168]

Originally Posted by fisherman

:D:D:D

Thank you Manus, you made my day.

It's so much easier on my eyes now and I bet you a lot of people that have been trading for a long time didn't know how this is done. Thanks a lot

You're welcome my friend :)

[hedgehog]

Originally Posted by manus168

Great Combination ;)

However let you try




Happy trading


:)

Very interesting set-up Manus168. Will try it.

How long have you been using it? And have you back- and forward tested with results?

Anyways, thanks for sharing.

[manus168]

Originally Posted by hedgehog

Very interesting set-up Manus168. Will try it.

How long have you been using it? And have you back- and forward tested with results?

Anyways, thanks for sharing.

The Author of those system has allready used more than 1 year.

Just want share something buddy.


Regards;

[hedgehog]

Originally Posted by manus168

The Author of those system has allready used more than 1 year.

Just want share something buddy.


Regards;

Does this have a specific time frame as the Simple Euro System posted by Marc45? Or can you trade whenever you get a cross?

Also Manus168, what are the recommended TP and SL for this?

Thanks.

[hedgehog]

Originally Posted by Marc45

Use a EMA 3 and a EMA 10 on the 5 minute EURO/USD pair during the trading times of between 2:00 a.m. to 5:00 a.m. and 8:00 a.m. until 10:00 a.m. you'll make some money. This is in EST (eastern standard time). Wait for the cross to occur on a closed bar and then enter. Exit 1/2 of your position when you have made 40-50 pips and then exit the rest when it crosses again. It is simple and it works. Stick to the simple rules and you'll do fine. THese time periods cover the most volatile and active trading times where the market moves most. Don't bother using it during quiet market times. Over the week you'll win some and you'll lose some. After each week I can assure you you'll come out nicely on top. It's really that easy. Use red colour with the 3 EMA and yellow with the 10 EMA. Sounds too easy to be profitable doesn't it? Try it. Demo it.

Marc45, how much do you set for TP and SL for this currency pair using your system?

[manus168]

Originally Posted by hedgehog

Does this have a specific time frame as the Simple Euro System posted by Marc45? Or can you trade whenever you get a cross?

Yes, this OBOS Trade at m15 in GBP/USD ( im preferabel) although any Major can, but i more like in pairs with good volatility, but liquid.

Also Manus168, what are the recommended TP and SL for this?

Thanks.

The Author of this OBOS use a mental Stop & just Take Profit at the opposites crossing SMA.

BUT

I'm TOTALY very2 disaggree for a Mental Stop Loss, i better use 1:1 Risk Reward from my simple calculation like this :

Exampel we have gotted Short GBP/USD 1.4250;

I'll take 1.4250*100/2 = 71.25, so after we rounded we've gotted 72.
So the Stop Loss & Take Profit for thats Open Position is 72 pips !

You can free make your risk reward ratio from that running quote of your open position, you can make 1:1.5 or 1:2 or 1:3.

But i thing for those situation i use only 1:1 max. 1:1.5

Regards;


:)

[cooljode]

if you right click the chart and select properties, you can change the candlestick colors to anything you like. The E on the MA stands for exponential.

[jake]

Originally Posted by manus168

Great Combination ;)

However let you try




Happy trading


:)

interesting, but i still think the 3 10 shows an earlier entry point.

i did change them to sma from ema.......gives it that thin hair more alert

[Ezzy]

Thanks for the system.

Just wondering what 2-5 am and 8-10 am would be in GMT.

Thanks

[eytanb]

was it tested on daily charts

[valdjas]

7-10 GMT & 13-15 GMT.

[hedgehog]

Has anyone tried this on a different EUR pair other than Fiber?

[kazzy]

Thanks, i've been using 5ema and 15ema but the result has not been that good, i will try this out. What about the stop loss and take profit how do we mesure this 'cause at times before the ema's crosses again it might have started deping down

[pipdog]

Originally Posted by Marc45

Use a EMA 3 and a EMA 10 on the 5 minute EURO/USD pair during the trading times of between 2:00 a.m. to 5:00 a.m. and 8:00 a.m. until 10:00 a.m. you'll make some money. This is in EST (eastern standard time). Wait for the cross to occur on a closed bar and then enter. Exit 1/2 of your position when you have made 40-50 pips and then exit the rest when it crosses again. It is simple and it works. Stick to the simple rules and you'll do fine. THese time periods cover the most volatile and active trading times where the market moves most. Don't bother using it during quiet market times. Over the week you'll win some and you'll lose some. After each week I can assure you you'll come out nicely on top. It's really that easy. Use red colour with the 3 EMA and yellow with the 10 EMA. Sounds too easy to be profitable doesn't it? Try it. Demo it.

Hi, You mention exiting 1/2 of your position after 40-50 pips and then exit the rest when it crosses again. Can you clarify, i'm a little confused.

thank you

[Alan]

A newbie here. Cant wait to test out this system to see how it works.

[nickobuse]

What a great system, please, I am a new webie, I would want to know whether the EMA 3 and EMA 10 is closed/open/high/low. Thanks

Originally Posted by Marc45

Use a EMA 3 and a EMA 10 on the 5 minute EURO/USD pair during the trading times of between 2:00 a.m. to 5:00 a.m. and 8:00 a.m. until 10:00 a.m. you'll make some money. This is in EST (eastern standard time). Wait for the cross to occur on a closed bar and then enter. Exit 1/2 of your position when you have made 40-50 pips and then exit the rest when it crosses again. It is simple and it works. Stick to the simple rules and you'll do fine. THese time periods cover the most volatile and active trading times where the market moves most. Don't bother using it during quiet market times. Over the week you'll win some and you'll lose some. After each week I can assure you you'll come out nicely on top. It's really that easy. Use red colour with the 3 EMA and yellow with the 10 EMA. Sounds too easy to be profitable doesn't it? Try it. Demo it.

[rocker44]

Hello
What time frame works best for you?
Thanks
rocker44

[ollynick]

Thanks so much, that was a good system, you can add i-trend indicator to comfirm your entry.

[fasttraxs2]

Is anybody still using this system and how are they doing???

The last post said confirm trade with I-trend. How are you using it?

[kazzy]

Originally Posted by ollynick

Thanks so much, that was a good system, you can add i-trend indicator to comfirm your entry.

Hi, can you pls lets have the i-trend indicator? Thanks

[chamane]

Hi,

I just want to share an observation. The cross of 3ema X 10ema gives results very close to signals given by CCI(14) crossing 0 line (yellow line on pic). That gave me the idea of using DrBob's setup (CCI(50) + CCI(14)) to filter out bad trades. Actually, CCI(50) crossing 0 line is a signal close to price crossing 50ema and also close to MACD histo crossing 0 line wich all are often used to give the direction of the larger trend.

So to come back to the thread, I would suggest to use only the cross of 3ema X 10ema if compatible with the direction of the MACD histo (under or over 0) or, like I do, use the CCI(14) crossing 0 line in the direction of CCI(50) (under or over 0).

[cjd]

MA crosses will never work by themselves.

[jimfaria]

sounds good

[Rob]

I use ma crosses with Williams AO/AC as filter

[AlanN]

Hi Chamane,

I'm new to the site and this is my first post. Please can I ask you where you got the CCI Histo from? I've used CCI for trading futures but, cannot get MT4 to display a CCI in histo form.

Thank you

[Egwig]

Originally Posted by AlanN

Hi Chamane,

I'm new to the site and this is my first post. Please can I ask you where you got the CCI Histo from? I've used CCI for trading futures but, cannot get MT4 to display a CCI in histo form.

Thank you

Hi Alan

Give this a wizz. (See attached)

You might like it.:D

Egwig:cool::cool:

and also this(See 2nd attached)

[emmy4000]

what is the best time to trade the GPB/USD on the 15minutes time frame.Thanks.