Hi, All,
I really like the system - thanks for posting it. Right now I'm testing (also with real money) - the entry signals according to the system are really good and at the right moment. However I see the problem with getting out. I did some successful trades by entering at the point where all (5, 12, 18, 28) EMAs are crossing and exit with auto executing the TP of 50 pips, however, at the same time this (50pips) is not the end of the trade, and in most of cases not even close to the end of it. Also, according to the initial system description and looking at the historical trades seems that 5&12 EMAs “cross-again” are not good exit signals and in some trades they just react to some big market moves but then trade continues it’s move another 100 or 200 pips. Also if we exit when 18 and 28 cross again, it’s in most of cases are too late and can bring you back from 50pips profit to 0.
Maybe somebody have some suggestions about better exit points adaptable to this system?
Thanks a lot