This is an EMA crossover system which emphasizes cutting your losers, letting your winners run and a high risk to reward ratio.
The System:
On a 30 minute chart place a 14 EMA and a 28 EMA. Buy if the 14 EMA crosses above the 28 EMA, sell if if the 14 EMA crosses below the 28 EMA. Simple.
SL - 20 pips
Take profit - when prices goes past both ema's.
You will no doubt be stopped out 3 out of 4 times but the winning trade will get you 200-300 pips or more.
Pairs:
EUR/USD
GBP/USD
USD/CHF
AUD/USD
GBP/AUD
AUD/JPY
I've backtested it for the past 3 months. It would be great if someone could backtest this system for the past ten years and calculate the average pips made per week.
Then someone can start to make an EA for it.
The System:
On a 30 minute chart place a 14 EMA and a 28 EMA. Buy if the 14 EMA crosses above the 28 EMA, sell if if the 14 EMA crosses below the 28 EMA. Simple.
SL - 20 pips
Take profit - when prices goes past both ema's.
You will no doubt be stopped out 3 out of 4 times but the winning trade will get you 200-300 pips or more.
Pairs:
EUR/USD
GBP/USD
USD/CHF
AUD/USD
GBP/AUD
AUD/JPY
I've backtested it for the past 3 months. It would be great if someone could backtest this system for the past ten years and calculate the average pips made per week.
Then someone can start to make an EA for it.
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