5 minutes profitable gbpjpy system

weisiong00

Active Trader
Oct 21, 2009
1
1
34
First , i hope you can try it out and give me the result that you can catch.
this system only suitable for GBPJPY only and i have back test it and
i get 90% of winning trade and forward test and i get 22 winning trade
out of 25 trade but due to i cannot adjust my emotion so i lose it.so
here it is important to control your emotion if you want to use this
system because in a whole day it can be 5 trade!!!!



TIME FRAME : 5 minutes

Currency pairs: GBPJPY

SETTING: EMA 10 AND EMA 26

BUY: When 10EMA crosses the 26EMA upwards and the EMA difference is 8
pips or greater.
SELL: When the 10EMA crosses the 26EMA downwards and the EMA
difference is 8 pips or greater.

CONDITION ONE : when there is a buy trade is emerged (I call it as
signal bar,when the price between the two EMA was separate is at least
8) and cross up ,YOU NEED TO WAIT THE PRICE RETRACE AT LEAST 5 PIPS OR
MORE OR EMA 10.you only can enter the trade when there have a retrace
!!!
For sell trade also same as above but opposite ah!!

THAT ALL.

TAKE PROFIT : IN ASSIAN TIME YOU SHOULD TP 20 PIPS
IN OTHER TIME SESSION TP 30 PIPS
YOU CAN GRAB MORE PIPS WHEN YOU MASTER THIS SYSTEM .TRY IT UNTILL YOU WIN.

STOP LOSS : 40 PIPS

ADDITIONAL NOTE : sometime you need to learn how to close early to
reduce the stop loss level.

when you enter a trade and the price after retrace to EMA 26 within 8
candles i say RETRACE TO EMA 26 WITHIN 8 CANDLES.
Adjust your stop loss to 15 to 20 pips and try to break even.

sometime also when a price stop at a price three time you also need
to close it early

Don't try to enter a trade near a new announment .

Don't try more than 5% of your capital

don't try to enter two trade in a row except the price stall for 2
hours or more and separate again that is ok
 
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manontop

Active Trader
Nov 29, 2009
2
0
32
That was a nice post keep it up.Is really working but it will work more accuretly if combine with MACD leaving it at the defult.Enter when what she said had happened with when the MACD is above the +0.000 or -0.000.HAPPY TRADE.
 

XRanger

Active Trader
Dec 18, 2009
10
0
32
EMA crosses are nice - try to confirm them with S\R levels for a better win rate. I have found that using EMA crosses by itself work mainly in trending markets, and fail in ranging ones.