The EMAs change with the movement of each candle until it closes. A buy/sell signal should be based on the close of a candle. It can seem like the signals come too late when you have an EMA cross but the rsi still hasn’t confirmed the signal.
I’m using an MT4 EA for this system and it’s working pretty well, but sometimes it seems to enter trades too late because it needs the EMA cross and the RSI confirmation to open a trade.
You can find it by searching “lazy trader amazing crossover system.”
The EA uses a 50 pip stop loss and 50 pip trailing stop loss, but I have changed the trailing stop to 30 pips. The trailing stop moves every 30 pips that the price moves in profit, not like a typical trailing stop.
I’ve lost money using this with the GBPUSD, I think becasuse the pair is too volatile. But trading the EURUSD for the past 2 months has been profitable.
This July, I’ve made 220 pips net profit trading the EURUSD with 2 weeks left this month.