While many others that started posting, mines only to really maintain a part of my active mind and work on just a little test I'm doing on a 5 minutes egy on EUR/USD using EMA's 8, 5, 22, 52 and 200.
I will only be posting entrances and exits to start with and when there's any guarantee in the egy... well... it is so essential that we won't even need to talk about it. I'm extremely busy with my other trading and businesses so please excuse me if I take some time in return to any queries.
The point is to make approximately 20 pips on the crossing of the 5 together with the 200 line. The 8 and 22 are also entrance ops when they cross 200. Stop loss is still being tested but a security of 30 pips is put in for now. Brief backtests show that it generally gets to 20 pips profit over the 5 EMA first anyhow. The 8 EMA usually seems to burt at a couple more pips and so takes the reward greater than the risk.
Trades seem to last about 10-15 mins or longer.
A secondary entrance is if the 22 crosses the 52 ONLY at the direction of the 200 EMA. SL 30 for now. Aim is 20 pips.
Yes I understand SL is over the targeted 5 EMA pip rate but as I said it is a test for now until a pattern emerges in which a suitable stop loss will go.
No flamming, silly remarks or obscene words. Lets all hum in stability and just see what happens to this little experiment.
PL is going to be recorded here too.
I have not come up with a cool, Hollywood title for this but if you insist... hmm Rapid Fire What is this noise? Might make a squel in case it goes well at the boxoffice
All the best with your trades.
Brad