Some of my thoughts + Trading System

[msheno01]

I would love ur updated indicators too. Can u please attach them?

[orangutan]

Hi Elang,

Sorry if Im covering old ground here, but I simply dont have time to read all of what has become a voluminous (and very useful) thread.

I have a few questions. Firstly, what is your typical weekly pip haul with this system? Secondly, what drawdowns are typical? Thirdly, whats your win/loss ratio?

Seems very promising, thanks in advance.

[Santacruz]

We are missing you

[elang]

Well tag along sometime:

Yahoo ID: effilang

Regards,
E. Lang

[pro87]

dobra strategiika si si napravil az bih preporachal drugo no nai vajno za edin trader e da ima rezultat ot vsichko koeto pravi a shtom pri teb ima bravo.;]Pisha ti taka zashtoto vidqh che si balgarin dori ot varna az sam ot dobrich i ser se zanimavam s forex kato teb.Ta za strategiikata bravo radvam se che si otkril neshto koeto da dava rezultati:P) happy trading

[elang]

zdravei,

radvam se da vidq drug bulgarin tuka. Az sam malko mix no pak 50% Bulgarin

Tazi strategiq tuka ot dosta vreme veche ne sum q upotrebqval.
Sled mn izharcheni pari v kursove i kvo li ne oshte i v suvkupnost ot lichniq si opit reshih che nqma smisal da se trade-va na frames po malki ot H4.

Lichno vsichko mi e na D1 ne sum slizal ot tam ot nqkolko meseci, i rezultatite sa strahotni. Respektivno po malko trades monthly, no mnogo po sigurno.

Shte se radvam da talk v realno vreme, mislq che messenger ID-tata sa mi navsqkude tuka.

Blagodarski
Effi

[pro87]

Originally Posted by elang

zdravei,

radvam se da vidq drug bulgarin tuka. Az sam malko mix no pak 50% Bulgarin

Tazi strategiq tuka ot dosta vreme veche ne sum q upotrebqval.
Sled mn izharcheni pari v kursove i kvo li ne oshte i v suvkupnost ot lichniq si opit reshih che nqma smisal da se trade-va na frames po malki ot H4.

Lichno vsichko mi e na D1 ne sum slizal ot tam ot nqkolko meseci, i rezultatite sa strahotni. Respektivno po malko trades monthly, no mnogo po sigurno.

Shte se radvam da talk v realno vreme, mislq che messenger ID-tata sa mi navsqkude tuka.

Blagodarski
Effi

Zdravei sajelqva mza kasniq otgovor no 4ak sega zabelqzah che si pisal.Mnogo bih iskal da si kontaktuvam s nqkoi balgarin tai kato te sa dosta malko tuka.Ako imash skype ili neshto podobno shte mi e mn priqtno da si pogovorim.A za taq strategiq koqto izpolzvash i puskash signali mislq che e neveroqtna.Nai vajnoto e che ti dava rezultati.Az do sega izpolzvah tuka samo s 5 i 15 minuti no veche totalno se otkazah tai kato do momenta samo gubq.I mislq kakto ti si napravil da se orientiram kam 4h ili neshto po golqmo.Ako iskash i imash vreme shte se radvam da si pogovorim.To nie sme i samo na 50 km raztoqnie.Ochakvam otgovora ti .. chao chao za sega

[parsush]

Hey Effi. I'd like to ask for something, I hope it's not a big trouble.
since this thread is like the biggest thread in the world, it's quite hard to follow all of the development your system has been going through.
is it okay if I asked you to write down your system again after all the tweaking and adjusting so that I don't have to go through 28 pages to do it myself? :P
I know it might be a big thing to ask, but I'd really appreaciate it and I'm sure others will too.

thanks in advance.

Parsush.

[Trade It]

Originally Posted by elang

For those of you who are still reading I would like to share my key trading system with you.
It is very simple and is based on the same slow / fast MA crossover method detailed in the School section of BabyPips.

First of all you will need to set up your charts so do the following:

1. Open up a new Chart / EUR/USD or GBP/USD for example.
2. Set a 5 E-MA (Colour White)
3. Set a 10 E-MA (Colour Red)
4. Set a 20 E-MA (Colour Green)
5. Set a 50 E-MA (Colour Blue)
6. Set a MACD with: 5,10,10
7. Set an RSI with: 10
8. Set a slow Stochastics with: 10.3.3

That’s it.
Trade on preferable H1 / H4 and D1

Lets see it in the works.

Profit Range: 20 to +300 Pips per trade

It is extremely easy to follow:
Entry Criteria:
- When the white 5 EMA crosses the Red 10 EMA AND: the following requiremets are met:

- RSI has broken over or below 50 (long / short)
- MACD should be over or below 0 (long / short)
- Stochastics are not in an oversold or overbought zone or they have just broken out of an oversold or overbought zone

Exit Criteria:
- When the price crosses the 5 and 10 EMA and RSI is breaking 50

Comments:

In a good trend or short term move the EMAs will line up in this manner from bottom to top (bullish) / reverse for bears

EMA 50
EMA 20
EMA 10
EMA 5

By the time the price breaks 50 EMA you should have long closed your position. Its a matter of a little practice and getting use to and you will be able to determine an optimal exit point based on the crossover on par with the indicators.

The key in trading is to loose all emotion. The best way to do it is to have a mechanical trading system.

For me this is it.

Regards,
E. Lang

E. Lang, is this the only system you use on a daily basis? Thanks for the post. A lot of cold truth in what you had to say about trading the Forex!

[elang]

This thread should have caught penicillin by now.

Go here:

EMA 25-50 Trading System (Detailed) - Page 58