05-01-2008, 11:42 AM
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Superior Master Contributor and Member
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Join Date: Dec 2007
Location: Pip World!!!
Posts: 622
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Quote:
Originally Posted by uptick
Hi everyone,
I'm testing a new strategy based on daily charts. Using 5 EMA, 50 MA, and Trend Lines.
I'll be testing the strategy and placing trades based on 5EMA and 50MA crosses as well as placing trades using TL's and 50MA.
My profit targets and stops will be placed based on support and resistance, 50MA, and if none are in sight then high/low of previous candle.
I'll be posting my results here as of May 1st.
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Hi UpTick,
When i first read about your strategy than it was 10 EMA also there but now seems you have removed it from your strategy...?
Trendlines are the extreme good addition in your strategy...Seem's your entry is based on 5 & 50 EMA Crossing with breakout in right place...
Best of Luck...
PipHacker!!!
Last edited by Piphacker; 05-01-2008 at 11:44 AM.
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