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Hi All,
Here is my Indicator
EMA: 5 , 18 , 35 ( All in HLC/3)
Slow Stoch : 13 , 8 , 5 ( Exponential)
RSI : 13
ADX/DMI : 21
Entry market (BUY) when EMA 5 n 18 are crossing confirmed with RSI > 50 , Vice versa (Sell , RSI < 50 )
EMA 35 For our Trendy
For Day trading, I suggest using multiple time frame 5 , 30 or 15 n H1
For Trendy Using TF H1
Hope This usefull
4xtrader
P.S. Please becktested for your convenienceNice work!
Do you have a EA of that??
Thanks!
Nice work!
Do you have a EA of that??
Thanks!Hi Glader,
I haven't it yet, I always do it manually, that makes you more disciplined
regards,
4xtrader
Entry market (BUY) when EMA 5 n 18 are crossing confirmed with RSI > 50 , Vice versa (Sell , RSI < 50 )
EMA 35 For our Trendy
For Day trading, I suggest using multiple time frame 5 , 30 or 15 n H1
For Trendy Using TF H1
How exactly to validate the entry ? 15m TF will surely signal the EMA crossing first before 1 H, so do we wait for confirmation on H1 before entry ?
Where to set the stop loss ? and how to get profit ?
Thanks.
How exactly to validate the entry ? 15m TF will surely signal the EMA crossing first before 1 H, so do we wait for confirmation on H1 before entry ?
Where to set the stop loss ? and how to get profit ?
Thanks.You're right, I always entry using TF 15 m n SL 30 pips below/above EMA cross ( entry point), you have to make sure all signals are in the same direction ( up or down ) with Target profit 100-150 pips for GBP/USD each trade
For Best result we're waiting for confirmation on H1 ( some times twice a week not every day, like GBP/USD about 2 hour after London opened, yesterday)
To get profit, closed when EMA 5 n 18 on TF 15 crossing again or using Trailing Stop to protect our profits
Hope this help
Adx
Great post, Just a quick question, what is the value of the ADX indicator and or how do you use it.
Thanks
Mark
Allow me to be redundant
Let see if I have this correct in my mind.
EMA 5,18 cross trading system by 4xtrader 3/1/06
Indicators
EMA 5
EMA 18
RSI 13
Stochastic 13, 8, 5 exponential
ADX 21
My addition
FX-Fish 10, 6, True, Alert False
15 minute chart
Process
1.wait for cross then buy long or short when confirmation of the following signals
2.RSI cross the 50 level going in the same direction of the prospective trade
3.Stochastic direction going in the same direction of the prospective trade
4.One hour time chart confirms trend is going in the same direction of the prospective trade
If all this is going in the same direction of the prospective trade (Get in the trade)
Stop loss 30 Pips above or below 18 EMA cross
Take Profit 100-150 pips or use trailing stop
Mark
Let see if I have this correct in my mind.
EMA 5,18 cross trading system by 4xtrader 3/1/06
Indicators
EMA 5
EMA 18
RSI 13
Stochastic 13, 8, 5 exponential
ADX 21
My addition
FX-Fish 10, 6, True, Alert False
15 minute chart
Process
1.wait for cross then buy long or short when confirmation of the following signals
2.RSI cross the 50 level going in the same direction of the prospective trade
3.Stochastic direction going in the same direction of the prospective trade
4.One hour time chart confirms trend is going in the same direction of the prospective trade
If all this is going in the same direction of the prospective trade (Get in the trade)
Stop loss 30 Pips above or below 18 EMA cross
Take Profit 100-150 pips or use trailing stop
MarkYou've got it, my friend
Remember, I always do it manually n my gut involved
I'm so glad if anyone can make an EA for that
Ea
Sunwest started an ea, did it not work?
Mark
E A
Sunwest started an ea, did it not work? Mark
Hi Mark,
I've never tried any EA in this forum
Trading manually more exicited for me than autotrade, because all your mind n body involved
God Bless
4xtrader
Hello 4xtrader, that is good that you trade manually, I thing that is a good way of learning and sometime I wish I had time to do so.
I dont mind trying to rpogram an EA with these rules if I have got time tonight, unless someone else has done it before , I have been quite busy lately
but soon I will have more time at hands
S.