Ema Step System.

[PatCouturier]

I'm a newb to FX, I'm doing around 60pip a day on FXMC demo account, I was looking to fin a good system to try and I found this post, I just finish to read all of it and I just love it. I'm still don't know if I'm going to go with FXCM or Oanda for my live account, I will try your system on the Oanda for now and I will see where I will put my real money after that.

Thanks a lot maurizio for all the time you put in here.

I did pass like 4h reading this thead and took a lot of note, So I will be here to tell you my story in 2 or 3 week. Hope to get a good demo time with your system .

Sorry for my English, I'm French Canadian

[oneita]

Originally Posted by maurizio77

Hi Shandy,

Yes you look to have got it spot-on.

It IS a simple system, which is why i use it.....the more complicated a system is, the more i need to double-check everything, which inevitably slows me down.

Yes i would enter the trade after this cross as soon as the candle stepped to the 15th.
I don't enter before the step as i have been burned this way before, i wait
until the last minute before the step to make my stop calculations and set up the trade.

One thing that i am curious about is how you said this would have been a break even trade (entering on the 15th).

On my Oanda the 14th Candle closed @ 226.83 and the 15th candle reached a height of 228.07, that's 124 pips.
Admittedly, we may not have caught all of these pips, but say, we only caught half of them, that's still 50 pips.

I wish you well

Hello,

I demo FXCM What is the equal period of 5 and 1 ema in fxcm is it 50 and 10

thanks

[4win]

forget demo accounts go live,. real money real pressure,.

im not saying get all ur life savings and wack it in a demo account,..

just 100GBP some thing to mess around with,.. maybe you can start off with 1000GBP,

but demo accounts give u the wrong mind set,.. its been said before, and even i thought trading with real money ...my own real money,.. is going to be different,.. and damn right it was 100% diff/

I started with 500GBP and my brother creamed 320 of that, in over 2 months,.

[jmaster]

how is it going testing this sys?

[dobro]

I don't totally agree; if you set up your demo acct with the money amount, position size, and leverage you intend to use when going "live", you will have a good test of your strategy. Too many however get to playing around on demo, they up the leverage, they double up on a trade after a losing one, etc. A demo acct using strict parameters can be a good education tool. d.

[IkonOne]

This is my first time trading this system, and it is also on a four hour chart which is not one of the recommended time frames for this system. I decided to try this time frame because I am at work and it would work out that I could work and trade throughout the day. That said, I have a few questions that hopefully I could get some help on.

Has anyone had success with this system on a four hour chart?

The cross candle featured in the attached picture is exceptionally large compared to the recent volatility of the market, is that a warning that the next candle is likely to not make a large move? Or maybe I just used the other indicators wrong.(there is still an hour left in in the last candle, I have just been sitting in negatives the whole time, also of note, I opened the order ten minutes before the close of the cross candle so I could get back to work)

How long do I stay in the trade? I am newish to technical analysis so I must not understand exactly how to use the oscillators entirely and CCI is completely new to me anyway, so I am going to read the info at mql4.com. Maybe someone knows a good website with references on different indicators and how to use them(or maybe mql4.com is good enough)

[IkonOne]

I just found the answer to my second question in a previous post. I didn't look at the shorter time frame charts.

[richrichie]

Hi Maurizio

Just want to thank you for spending time in sharing this method with us.

Been trading on a 5min chart for two nights this week and won 5 out of 6 trades.

My time is limited during the day so I can only get to trading late at night. Its still early days for me but this method looks very very promising

Thanks again Maurizio

Richrichie

[matthewcommers]

Hello,

Well it took me about two hours to go through this post ... and I'm interested in creating a trading system with vtsystems.com / cmsfx and wondering if this has already been done, or if there is interest in me sharing it once the coding is done?

Thanks all, great post!

[bas1911]

Hello Traders,

I found this ema system while surfing:
EMA 5 shift -1 applied to close
EMA 7 shift 0 applied to close

the only problem is that it gives the signal one candle after the signal candle, exemple: if the sell or by signal is on the 10:10am on the 10 min. TF the signal will appear on the 10:10am candle after the 10:20am candle close and it would be too late, does someone have a solution?