EMA+RSI Simple Strategy - page 3
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hi
Thanks to Bossxero and this nice simple concept.
He gave us the trumpet.What can he do if the user doesnt know how to use it.
thanks for the ea developer.THE ema+rsi is far better than most systems.
the users must check market situation like if ADX >20,THEN THEY CAN USE IT.
trading must be in the right context or trend.
Another useful filter is MACD AND ADX combination.
Sometimes a small trick save big hassle.
Everybody traded EMA5 and EMA20. Most lost money.
but when Donchian trade it,he did it like a winner does,just a minor difference in applying.
He trade only when EMA20 has an angle 30 degrees up or down to horizontal for long or short trades.
If ema 20 is flat or has slope less than 30 degrees,he would not bother to trade.
Similarly ,just think,on which EMA of the above would you apply the filter just mentioned?
and that is what separes smarttradr from herd.
happy trading
regards
The 5EMA/13EMA crosses is called Web Trading System and it is one of the best manual systems at Forex market for years. I wouldn't be so sure with RSI crosses above/below 50! Between 40/60 is no trade boundary of flat market. 21EMA candle closes above/below I would consider as exits.
Hermes