Ema Step System.

[maurizio77]

Strange your MT software did that, my Oanda got no lower than 230.58 a full 3 pips from the stop loss so the system still worked. (On Oanda)

I have never used MT or ANY other software for that matter as i have never felt i needed to, i came up with this on Oanda coz thats what i use to trade.

Thanks for your input though, that's the whole reason i put this system up on here.....in case anyone can improve on it.

[mamutot]

Just ran into this thread yesterday and i see it is kinda new - well first i want to thank maurizio - thanks.. then to my parents - who agreed to open me an account once i am ready - and ofcourse i would be happy to thank forex in few years from now..

maurizio - i have a question about your sys - the cross candle - is it defined as such only in case the close of one candle is higher/lower than the close of the previous one??
what should it be?

i would really appreciate if you could post animage of one that is CC and one that looks like but isnt..

thats it for now..

ill update you about my usage of the sys

M

[maurizio77]

Hi there.

Take a look at posts 5 and 7 on this thread matey.

There are pics on there that will show what a cross candle is

[mamutot]

Hi maurizio

to be honest - i still don't get it, what exactly do you call cross candle (CC)
is it when in uptrend the close of the current candle is higher than the previous or do you look at the open??

ill try to post 2 examples of what i mean - in the next post of mine, few minutes away

ciao

M

[mamutot]

Originally Posted by mamutot

Hi maurizio

to be honest - i still don't get it, what exactly do you call cross candle (CC)
is it when in uptrend the close of the current candle is higher than the previous or do you look at the open??

ill try to post 2 examples of what i mean - in the next post of mine, few minutes away

ciao

M

Here are the images

[flyinpipper]

Thanks Maurizio77 for this system.
I am fairly new, still demo trading and will back test this week and demo-trade it too. BAck with the results soon...

Mamutot:
I understand a Cross Candle as being the candle where the EMA's cross.
So if you see them cross, wait for that particular timeframe candle to close, then open a position in the direction of the cross.

Maurizio77 - is this correct?

Happy Pippin'
FP

[mamutot]

I aint sure about that FP - cause in that way maurizio wouldnt have marked the bars in post number 7 - check it out, but anyways - ill wait for the master himself to answer us.

[maurizio77]

MASTER!!?? LOL

I am far from being a master my friend.

I just found a system that works for me, and by putting it on here i was hoping that;
A) Someone may be able to improve upon it.
B) Some more people could maybe benefit from the success it has given me.

Mamutot, what you are looking for is when the EMA's cross ON A CANDLE.

On your diagram i believe your EMA's were white and yellow.
When the white and yellow cross within a candle THIS is your cross candle.

You would wait for this candle to come to its end and, if the EMA's are still crossed, you would enter the minute the following candle began.

Tell you what, will try and post your pic up here and change a few things for you so ya get a better understanding.

bear with me

[maurizio77]

OK.

I have put onto this pic where your cross candles are.

I need to ask you though what timeframe this is on and indeed if it is on GBP/JPY as the price action doesnt look right to me.

After both cross candles on your pic the price action is inconsistant with what the system was created to do.

Please let me know if this IS on GBP/JPY and what timeframe it is on as it has confused the hell out of me lol.

Anyway i hope the ammendments i have made to your pic help you in some way

[mamutot]

Now I Got it!!

That was just the definition i was looking for, you see, i am kinda new in all the stuff of forex, i just started demo trading and reading the school of BabyP, and te forums and stuff, i understand few things but only the regular stuff.

Thanks a lot, Master (i was just kidding..and yet.. )

i will try it and try to improve when i see something is happening..

thanks

M