Simple Euro System...

Marc45 · #1 (**permalink**) 18-03-2009, 03:06

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 · #2 (**permalink**) 19-03-2009, 04:53

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 · #3 (**permalink**) 19-03-2009, 10:13

Quote:

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 · #4 (**permalink**) 19-03-2009, 22:38

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

manus168 · #5 (**permalink**) 20-03-2009, 08:17

@ MARC45;

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

Thanks in Advance

manus168 · #6 (**permalink**) 20-03-2009, 08:21

Don't forget; Screenshoot please

manus168 · #7 (**permalink**) 20-03-2009, 08:29

Try to help post the screenshoot :

Forex37 · #8 (**permalink**) 20-03-2009, 09:10

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 · #9 (**permalink**) 21-03-2009, 08:53

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 · #10 (**permalink**) 21-03-2009, 22:48

Quote:

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