Just a thought... why exactly do you bother having the 1 EMA? If a candle closes above/below the 5 EMA it would tell you the exact same thing as the 1 EMA crossing over. I just think it might be easier to read the charts with as little clutter on screen as possible.
Anyhow, I think you have an excellent system worked out here. I've been trying to trade it some the past month, however I haven't had near as much fortune as you have had with it. I seem to have trouble determining when to exit and distinguishing from false signals.
Thank you for sharing your experiences with this method so far, I read this thread daily.
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