[gojilover]

i have been having very good success with a very simple system. in the system i use the following:

5 min. chart

10 ema

candlesticks

usd/chf

tp = 50, move stop to break even at + 25, follow with 10 stop to 50
s/l = 25

two -25s and you quit for the day, hitting +50 in any combination and you quit for the day.

strategy; with a close above 10 ema, place a buy stop at the nearest 5 or 10 above the high of the closing candle. if the high was 1-2-3-4, set buy stop at 5; 5-6-7-8-9, set buy stop at 10; set 50 tp, 25 s/l and work your trade.

use the opposite of the above for a short trade.

keep your buy/sell stop open until you get hit. if you do not get hit and price reverses above/below the 10 ema, close the trade and redo all of the above in the opposite direction.