Forex Forums | ForexLasers.com |
#1
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Simple Euro System...
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.
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#2
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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. |
#3
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Quote:
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#4
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Hi Henry, Thank you very much.
Now I will have a new chart with indicators to play with tomorrow morning,Thank you. |
#5
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@ MARC45;
Can you give a suggestion about How Much & where the Stop Loss must we put in ? Thanks in Advance :) |
#6
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Don't forget; Screenshoot please :)
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#7
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Try to help post the screenshoot :
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#8
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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 |
#9
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i've always used the 5ema and 12ema.
but the 3 and 10 does show a slight difference on entry....i like it. thanks |
#10
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: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? and what is the E stands for on the EMA? Thanks
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#11
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OBOS MA Cross
Quote:
However let you try Quote:
Happy trading :) |
#12
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Quote:
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. Quote:
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#13
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[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 |
#14
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You're welcome my friend :)
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#15
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SMA 2-19
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. |
#16
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Quote:
Just want share something buddy. Regards; |
#17
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Also Manus168, what are the recommended TP and SL for this? Thanks. Last edited by hedgehog; 23-03-2009 at 15:41. |
#18
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PT & SL
Quote:
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#19
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Quote:
Quote:
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; :) Last edited by manus168; 23-03-2009 at 18:03. |
#20
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response
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.
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#21
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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 |
#22
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Thanks for the system.
Just wondering what 2-5 am and 8-10 am would be in GMT. Thanks |
#23
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does it work on daily charts
was it tested on daily charts
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#24
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7-10 GMT & 13-15 GMT.
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#25
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Other Pairs
Has anyone tried this on a different EUR pair other than Fiber?
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#26
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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
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#27
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Quote:
thank you |
#28
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A newbie here. Cant wait to test out this system to see how it works.
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#29
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Hi
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
Quote:
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#30
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Time Frame?
Hello
What time frame works best for you? Thanks rocker44 |
#31
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Great System
Thanks so much, that was a good system, you can add i-trend indicator to comfirm your entry.
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#32
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UPDATED USE and I-trend
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? |
#33
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Hi, can you pls lets have the i-trend indicator? Thanks
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#34
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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). |
#35
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MA crosses will never work by themselves.
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#36
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sounds good
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#37
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I use ma crosses with Williams AO/AC as filter
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#38
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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 |
#39
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Quote:
Give this a wizz. (See attached) You might like it.:D Egwig:cool::cool: and also this(See 2nd attached) Last edited by Egwig; 04-12-2009 at 22:05. |
#40
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what is the best time to trade the GPB/USD on the 15minutes time frame.Thanks.
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