First let me start off by saying this is not my main strategy for trading. I have another plan that is set in place. This idea is merely for when I am waiting for a set up and sometimes they take a while.
I really did not invent this as certain aspects have been taken from numerious systems and I compiled them to work for me.
With that being said I want to share a 15M GJ that I have been working on for a while but only put into actuality at the beginning of last week. I have no track record, or back tested results except for visuals for this strategy.
Technicals
EMA- 5 (red) set to close
EMA- 8 (blue) set to open
EMA- 120 (red thick) set to close
EMA- 192 (blue thick) set to open
Stoch- 12,3,3 (main-red, signal-blue)
ATR- 30
So you guessed it, this is a MA crossover system.
The EMA 120/192 is the main trend. Only trade in that direction.
The EMA 5/8 is the signal,
The Stoch is confirmation to enter
The ATR is the TP
SL as of right now is discretionary, but I tend to make it the high of the bar before the entry.
Its pretty simple actually a trade is valid if and when all the colors line up.
I like visuals, they are easy to identify.
For the week so far I have aimed for 20-30 pips a day I will not go so far as to say that it is garunteed for the only results that I have is last weeks.
I really did not invent this as certain aspects have been taken from numerious systems and I compiled them to work for me.
With that being said I want to share a 15M GJ that I have been working on for a while but only put into actuality at the beginning of last week. I have no track record, or back tested results except for visuals for this strategy.
Technicals
EMA- 5 (red) set to close
EMA- 8 (blue) set to open
EMA- 120 (red thick) set to close
EMA- 192 (blue thick) set to open
Stoch- 12,3,3 (main-red, signal-blue)
ATR- 30
So you guessed it, this is a MA crossover system.
The EMA 120/192 is the main trend. Only trade in that direction.
The EMA 5/8 is the signal,
The Stoch is confirmation to enter
The ATR is the TP
SL as of right now is discretionary, but I tend to make it the high of the bar before the entry.
Its pretty simple actually a trade is valid if and when all the colors line up.
I like visuals, they are easy to identify.
For the week so far I have aimed for 20-30 pips a day I will not go so far as to say that it is garunteed for the only results that I have is last weeks.
Attached File(s)
gbpjpytest.tpl
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