Yes ! Always have a look at your higher TF

A "new" simple system based on MA

If you trade the 1mn TF...lookt at your 5mn Chart and you will understand why it should be smart to wait for a pullback on 5 mn before entering long

A "new" simple system based on MA

Hello, Yes you are right. If you take all entries you would have 2 success and 1 loss. About 37 pips of profit and 7 pips loss = 30 pips net profit. No problem at all : we must accept winners AND losers. P.S. : I opened an MT4 demo account with ...

A "new" simple system based on MA

Hope it is clear enough : Focus on perfects setup !

A "new" simple system based on MA

A chart to explain the perfect setup... — ...What you can see on this chart is that perfect setup worth it !

A "new" simple system based on MA

Hello, To answer your question, we never know where price will go ! In a strong trend, the pullback is often on the 12EMA, but it can go to the 30 or 60 EMA. To avoid that we have a tight SL, and we will always respect it !!! But what could happen ...

A "new" simple system based on MA

I always wait for the candle close. On lower TF, I dont care about the candle pattern as it does not have a real strong signification....but if you trade on higher TF, it is really safer if there is a candle pattern such as hammer etc... On 1mn or ...

A "new" simple system based on MA

Additional Filter to test — As additional filter to get best results, trade only during London or NY session, you will get better signals as the big money is in the game. Also, I would like to try to filter out with PP. Trade only long signals ...

A "new" simple system based on MA

Some errors — For long entry, candles have to close above all three ema's (Ok) then we wait for a pullback on one of the three EMA (most of time it is 12EMA) with a Stoch under 50 and DMI+ greater than DMI-. The pullback on one of the EMA has ...

A "new" simple system based on MA

Restedt of 144 EMA... — ...waiting for a perfect setup

A "new" simple system based on MA

PP is a support... — ...I am waiting for the price to retrace to this level and I am looking for a positive signal....except if it goes further ! I am very careful coz it broke the 144 EMA on 5mn TF

A "new" simple system based on MA

Long TF — On the 1h Chart, we can see a resistance at 1.4870/1.4880. Eur/usd is correcting right now. The PP is near 1.4830 and that is also the level of the 30EMA on 1 hour TF basis. DMI is positive and Stochastics are about to go under 50 ...

A "new" simple system based on MA

I really thank you for your efforts to try to set up an EA ! That's a very appreciable initiative ! I dont understand if it is my rules that are not clear (I guess I trade it for a long time now so maybe I am not clear enough to "newbies") or is it ...

A "new" simple system based on MA

Hi, Sorry for late answer, I was not available during a week ! As every trend trading system, it can lead to bad results during ranging periods. To avoid that I think you have to wait for a trend established and not for playing the begining one. You ...

A "new" simple system based on MA

I dont use MT4 so I dont have any template (simple to put it on your chart) and no indicators yet. I am looking for an MT4 coder.

A "new" simple system based on MA

Usually London an NY are the best time to trade this system. You wait for a trend to develop than buy or sell on a pullback. I prefer to jump in as there is a perfect setup coz it means low risk and high reward !

A "new" simple system based on MA

Ask your questions — Because now I am available to answer you as I dont trade today because of market closed in NY / London / Paris (even if Fx is opened, but I think Big Money is not here)

A "new" simple system based on MA

Perfect setup is the best ! — Looking at your first entry, it was not valid because all conditions were not met. We may be at the beginig of a positive trend but looking at the LT EMAs, you can see that the spreading is not very large. But why ...

A "new" simple system based on MA

I will check....but first I need to code my system. I will take the time to find someone who has the skills to code the strategy and I will backtest different rules for exits then. Waiting for an MT4 programmer who want to help us !!!

A "new" simple system based on MA

Hello, Nice trades : Perfect setup means pips with low risks ! About your remark on ranging period : it is true that it could lead to false signals. But dont forget the first step is to identify a trend !!! And you identify the trend by looking at ...

A "new" simple system based on MA