Ema Step System.

[stevefromnaki]

wow, look at that graph, imagine if you could short on that graph...

So maybe, based on this graph a contrarian approach to this strategy would be profitable? lol

happy trading

[WKA]

Originally Posted by unhommefou

Note to all:

This is why you should always TEST a system before using it -- ESPECIALLY THOSE IN FORUMS:

Ten Year Test of the daily version of the First version of EMA Step System

EMA 1, and 5 on Daily graph

Trailing Stop of 100 pips per instructions

Calculate on the Close of the bar.

I use Oanda platform. I wonder how to do a back test for ema???

Could you explain how please?????


English is my third languish please ignore mistakes.......

[pierre23]

Backtesting is USELESS. Don't waste your time with it. It shows innacurate results and has NO validity to any strategy whatsoever. You can see from the "backtested results" that this system is unprofitable from the word go. The author has stated that he has been trading this very same thing, PROFITABLY, over quite some time (as I recall quite a few posts back). Now I don't know about you, but if he says he has been trading it successfully, I believe him over a computer generated test.

It's the same with MOST if not ALL trading methods. You CANNOT tell if a trading method is successful or not by backtesting.

This question goes out to all those who dont even look at a strategy unless the "backtested" results say it's good to go; what if the results show its profitable over 10years, so you have a crack at it and lose. You lose time and time again. I would like to know what you ask yourselves when your failing at a system that is "supposed" to work?

This is what separates the successful from the unsuccessful. And if you don't get out of this mindset of having to backtest every single thing before you would use it, you will never find the 'right' system or method for yourself. Instead of wasting your time backtesting; USE the system or method yourself, FOLLOW the rules and if it's for you, great. If it's not, move on. Just because its profitable for one, doesn't mean it'll be profitable for another. And just because you or some others can't get it, DON'T go bothering to backtest and post screenshots to "prove" thats its not a winning strategy/method.

End of my rant.

[maurizio77]

Originally Posted by unhommefou

Note to all:

This is why you should always TEST a system before using it -- ESPECIALLY THOSE IN FORUMS:

Ten Year Test of the daily version of the First version of EMA Step System

EMA 1, and 5 on Daily graph

Trailing Stop of 100 pips per instructions

Calculate on the Close of the bar.

When have i said that the stop should be 100 pips?.......

[traderkenny]

Originally Posted by maurizio77

Hi There,

I am pretty new to this, but so far i have found just two systems that work for ME.
The first one i use is the EUR/USD 45 pips a day system that was posted by James. I haven't ever actually got 45 pips from this system, but 20-30 is common..i trade $4 pips currently, so it adds up to about $2K a month....I owe James a ty for that

The second was one that i stumbled across when i was "playing".

I don't like complicated systems, as i find it slows me down at the most crucial moment and i end up missing pips and getting a bit frustrated.

I liked the EMA systems i have seen, but all too often they cross half way down a major move, and you end up catching the "tail" of the trade, or at worst, end up entering right at the point of a retracement!!!

I would not say this is a Holy Grail and it is not perfect. I have worked out that i win about 4 out of 5 using this system. But the winning trades are always much larger than the losing ones.

Anyway, let me know what you think...

So after playing about and watching the results, the closest to the move i could find was this;


Ema5 (White)

Ema1 (Yellow)

I have RSI (14), Slow Stocs (14, 3) and CCI (20) up too, this is just my preference, i use it to try and predict when a cross-candle will appear.....for this system i don't really need them.

I use this mainly on GBP/JPY on 15m, 30m and daily. (Daily is generally the most lucrative and predictable but requires patience, it can sometimes seem a small reward for such a long wait)


This is what i do;

I will wait for the Ema's to cross and for the timeframe on that "cross-candle" to have almost come to an end.
Once i have seen the cross, i am looking to enter as soon as the timeframe makes the step to the next candle, i will enter in the direction of the Ema cross.

If i am at my desk i will not use a stop ( i use a mental stop in this instance), if i am going to be away from my desk i will put on a stop of 3/4 of the cross-candle.
So say the cross-candle was 100 pips from OPEN to CLOSE i would make my stop 75 pips........if the cross-candle was 80 pips OPEN to CLOSE, i would make my stop 60 pips etc....

Take profits;

I tend to use a trailing stop, and as i use Oanda i have to do this manually. (unless anyone knows any different)

This depends on the timeframe you are trading on;

On 15m chart i use a trail of 10-15 pips, looking for an overall 25-40pip trade.

On 30m chart i use a trail of 10-15 pips, looking for an overall 30-50pip trade.

On daily chart i use trails of 25, 50, 100 & 150 pips, looking for an overall
2-300pip trade.

I just looked on my history and for my last 15 trades i won all but 3 using this system. 4 of those trades were on the daily and netted me over 200 pips each.

Let me know what you think,


Maurizio77

Thanks Mourizio for your share. i will check it out soon!

[TravisFX]

I just want to thank the original poster for the ebook that he put out there on the web. I have been experimenting with this method on my demo account and have been having success so far.

I am pretty sure I will add this strategy to my live account once I have more experience with it.

THANK YOU,
TravisFX

I would like to start a skype trading group using this method... I will probably be trading the london session at first. (I work full time in the US currently) I'll post in the main forum, but if there is anyone interested just PM me.

[TravisFX]

I have set up a Skype group for those of us following this system.

Send me a message or email via this forum or Skype and I will add whoever is interested.

See you then!

[CarsonS9]

where did the discussion on this system go?

[alan123]

Originally Posted by maurizio77

Hi There,

I am pretty new to this, but so far i have found just two systems that work for ME.
The first one i use is the EUR/USD 45 pips a day system that was posted by James. I haven't ever actually got 45 pips from this system, but 20-30 is common..i trade $4 pips currently, so it adds up to about $2K a month....I owe James a ty for that

The second was one that i stumbled across when i was "playing".

I don't like complicated systems, as i find it slows me down at the most crucial moment and i end up missing pips and getting a bit frustrated.

I liked the EMA systems i have seen, but all too often they cross half way down a major move, and you end up catching the "tail" of the trade, or at worst, end up entering right at the point of a retracement!!!

I would not say this is a Holy Grail and it is not perfect. I have worked out that i win about 4 out of 5 using this system. But the winning trades are always much larger than the losing ones.

Anyway, let me know what you think...

So after playing about and watching the results, the closest to the move i could find was this;


Ema5 (White)

Ema1 (Yellow)

I have RSI (14), Slow Stocs (14, 3) and CCI (20) up too, this is just my preference, i use it to try and predict when a cross-candle will appear.....for this system i don't really need them.

I use this mainly on GBP/JPY on 15m, 30m and daily. (Daily is generally the most lucrative and predictable but requires patience, it can sometimes seem a small reward for such a long wait)


This is what i do;

I will wait for the Ema's to cross and for the timeframe on that "cross-candle" to have almost come to an end.
Once i have seen the cross, i am looking to enter as soon as the timeframe makes the step to the next candle, i will enter in the direction of the Ema cross.

If i am at my desk i will not use a stop ( i use a mental stop in this instance), if i am going to be away from my desk i will put on a stop of 3/4 of the cross-candle.
So say the cross-candle was 100 pips from OPEN to CLOSE i would make my stop 75 pips........if the cross-candle was 80 pips OPEN to CLOSE, i would make my stop 60 pips etc....

Take profits;

I tend to use a trailing stop, and as i use Oanda i have to do this manually. (unless anyone knows any different)

This depends on the timeframe you are trading on;

On 15m chart i use a trail of 10-15 pips, looking for an overall 25-40pip trade.

On 30m chart i use a trail of 10-15 pips, looking for an overall 30-50pip trade.

On daily chart i use trails of 25, 50, 100 & 150 pips, looking for an overall
2-300pip trade.

I just looked on my history and for my last 15 trades i won all but 3 using this system. 4 of those trades were on the daily and netted me over 200 pips each.

Let me know what you think,


Maurizio77

Ignorance disclaimer:

is ema5 same as ema for last 5 periods?...and by that logic ema1 would be closing price of last period only? is that true?

What is a cross candle?

How do you use cci?

Even if you dont type in, an online reference link wud be great too

Thanks

[Matt514]

Originally Posted by alan123

Ignorance disclaimer:

is ema5 same as ema for last 5 periods?...and by that logic ema1 would be closing price of last period only? is that true?

What is a cross candle?

How do you use cci?

Even if you dont type in, an online reference link wud be great too

Thanks

Hi,

I`m an FX noob as well so, I'll do my best. Yes, I believe ema5 means for the last 5 periods. I was a little confused, at first, about the ema1 concept, but it appears to be working and is a little more clear in the screenshots that people are posting. The cross candle, from what I gather, is where the ema1 and ema5 cross within a candle. I'm not entirely clear on this yet because it seems that different charting programs connect the ema1 to the candle itself in different places and some put spaces in between candles while others don't. As for CCI, I would say confirm a buy position with an upwards cross of the -100 line and vice-versa. Hope this helps!