simple EMA system

benscoobert · #1 (**permalink**) 09-04-2009, 17:14

Put on an Exponential Moving Average indicator with a period of 62 onto an hourly chart. If the difference from the EMA value is more than 250 either way of the current price then you have an open signal, if EMA value is less than current, buy, if less sell.

The exit is when the 2 values are equal, eg the lines meet. I also think it would be a good idea to TP a little as it goes along.

It's simple to follow and with manual testing it seems profitable, long term trends. What I'd like to do is have an EA for it, I'm sure one must have been written where you can modify the numbers to run, but if there is, I cant find it.

See for youself guys its pretty simple

benscoobert · #2 (**permalink**) 10-04-2009, 17:27

anyone any comments?

Tigerboy131 · #3 (**permalink**) 20-04-2009, 00:28

seems pretty cool... can you provide more pictures of your strategy ? what about the stoploss and the profit ratio ?

jkrick33 · #4 (**permalink**) 20-04-2009, 01:11

do you use this on different timeframes?

benscoobert · #5 (**permalink**) 22-04-2009, 16:19

Quote:

Originally Posted by Tigerboy131

seems pretty cool... can you provide more pictures of your strategy ? what about the stoploss and the profit ratio ?

I feel the stoploss needs to be half way to the bottom of the peak, or high, to the open(makes sense in my head)

as for profit ratio, ride the trend for what you can get

anyone got an ea we can modify to trade this and test long term?

iglyx · #6 (**permalink**) 27-04-2009, 06:07

EMA50 is of common usage (and yes, its really nice and simple indicator), how you went to 62?

benscoobert · #7 (**permalink**) 27-04-2009, 16:54

picked it up off a guy who knows what he's doing, put it on a chart and look back how the price bounces off it