Ema Step System

[JCBABYPIPS]

Hi ukituki,

Try updating ya Java to the latest version, if that does nothing, add Oanda to your ‘exceptions’ on ya firewall.

Oanda is a good broker - i wouldn’t use them if they wern’t.

Hello maurizio77,

I want to thank you for your great system. Seems to be working just great.

Can I ask you what do you think about using your system using Alpari Uk.

Also, have you quit you job? at the beginning of this post you said you might be quitting if you keep getting good returns.

Thank you again from Puerto Vallarta, mexico:)

[JCBABYPIPS]

WOW…someone with sense.

That is the kind of attitude that will make this guy a success in FOREX.

There are too many people on here who think that a system will give you monstrous returns with no effort.

I have paid my dues with Forex. I have read all i can for nights on end, ignoring the ones i love, i have done all the testing i can, looking at figures, trends, retraces and indicators.
I eventually came up with a system that wins alot more than it loses.
This is it.

That said, this is not an automated robot that makes you money while you sleep, no system does that…let me say that again…NO SYSTEM DOES THAT.

You need to be prepared to put in the hours and do your own research. Work out how you want to trade, what your risk is, and then trade off the results of that.

I am not blowing my own trumpet here…but you might have noticed that my posts on here are getting fewer and farther between.
This isn’t because i have a crap system that i am embarassed about, it is because i am beginning to get to a stage where i really don’t feel the need to post anymore.

There are always going to be people who can’t get this working and who slate this system…**** happens. Fair play. Each to their own.

But there’re plenty of others who have sent me emails saying thank you for turning my red account into a black account.

All i will say is… Demo the system.

Look at how it makes money and how it can lose money.

Make the connection for yourself.

Then put it into action.

Hola Maurizio,

I just want to tell you, thank you very much for your great system, time and great actitud.
I have been demo your system for some days now. So far so good. Few loses but better ones more.

I still need to master my entries but that will get me with time. I do not have questions for you just thousand thanks for your time and system.

Juan

[Pipperazzi]

Maurizio,
please I need a copy of the ebook.
jojweah at gmail dot com
thanks

[beehivesjoe]

Uhhhhh read any of the thread? Just type in ema step e book in goog

[martin_d]

Hi everyone.

First of all, thank you for your contribution, especially maurizio77
I am pretty new and interested in trading, have read the Babypips school and currently implementing your system.

Will back testing, it has given - as expected - pretty nice results. I have gone through the ebook as well…

However, concerning the targets, I am not sure how you deal with them. Do you need to stay in front of the computer, precisely looking at the charts to wait for the price to reach one of the bollinger bands (set as target 1 and target 2 for instance) and then close the trade ? Or is there an automated way to do so ? Like placing a stop, another method… Can we, for example, use the BB bands used AT THE TIME you place the order ?

Using the FXCM platform as a demo account, I have downloaded a “signal” that notifies me whenever the signal crosses any BB band, but I will only be notified at the beginning of the next candle. Can it be used even if there is such lag ?

Thank you very much in advance.

[WildChancer]

Hi everyone.

First of all, thank you for your contribution, especially maurizio77
I am pretty new and interested in trading, have read the Babypips school and currently implementing your system.

Will back testing, it has given - as expected - pretty nice results. I have gone through the ebook as well…

However, concerning the targets, I am not sure how you deal with them. Do you need to stay in front of the computer, precisely looking at the charts to wait for the price to reach one of the bollinger bands (set as target 1 and target 2 for instance) and then close the trade ? Or is there an automated way to do so ? Like placing a stop, another method… Can we, for example, use the BB bands used AT THE TIME you place the order ?

Using the FXCM platform as a demo account, I have downloaded a “signal” that notifies me whenever the signal crosses any BB band, but I will only be notified at the beginning of the next candle. Can it be used even if there is such lag ?

Thank you very much in advance.

Sorry Martin, just a quick qestion for you as I am also using FXCM. Instead of EMA 1 did you just use EMA 2?

[pipon]

to martin and wildC… If I undersatnd is right Ema and Sma is the same if the value is 1 (one) !
So for FXCM platform just use Simple-ma (mva) 1

[martin_d]

to martin and wildC… If I undersatnd is right Ema and Sma is the same if the value is 1 (one) !
So for FXCM platform just use Simple-ma (mva) 1

Yes I use sma 1 too… got the same understanding and think it is how maurizio wants it to work : )

Being demo testing I do have another question though : about target 2 (which is the opposite bollinger band), do you guys reach it often?
Because even while backtesting, it seems that target 2 is rarely met (=the candle crosses the opposite BB), even though all three triggers were there.
I realize that in this case I lose more money as my stop gets hit after quite a few candles. (The candles do follow the trend given by the ema step, but it often seems like my target 2 is always too ambitious )

Thx for your help!

[pipon]

Hi maurizio77 ,
First I wanted to say thanks for sharing your system and even a bigger thanks for your positive attitude and for the ebook !
I read the ebook some months ago, but started trading only 3-4 weeks ago… I like the system, but so far I do not earn on it ( loosing 60% of trads, and R/R is about 1;1)

I never teade 5M tf, most is 30M , and I also try not to trade the GBP/JPY ( I know it is your favorite)
I do not know what I do wronge, and I intend to improve , once I find how…

I have something I want to ask you if you will be so kind ,as to look at your last 20 trads and share with us-
1.win/lose/be out of the last 20
2.what pairs did you trade (ex 9 GJ ,7 EU ,4 usd/cad)
3.what time trades [B]started[/B] (ex 13 NY session, 5 london session, 2 asia sesstion)
4. TF of the start of the trades (11 30M, 6 3HR… )

I hope you don’t find it rude (I feel like Im “invading” your tradings-file) , but I really want to be better, and this info will help be alot !

Again , Thanks for your help !

[d-pip]

[B]
I like the system, but so far I do not earn on it ( loosing 60% of trads, and R/R is about 1;1)[/B]

Pipon,

I’ve been following and trading the 5EMA method side by side with a few others strats. My quick tip for having more success with this method is wait and always try to trade only in the direction of the 5EMA on the 3h or 4h chart. In other words even if your trading the 15m or 30m time frame, first look and see where the price is in relationship to the 5EMA on the 3h or 4h chart. If the price is above the 5EMA on the 3h or 4h, I’d suggest you look at the 15m 30m or 1h charts only for long trades, the opposite for shorts.

I’ll give you a quick example, this morning on my Oanda 3h GU chart there was a 5EMA step on the 3:00 eastern time zone bar, I think that’s 7:00 GMT. That bar closed at 6:00 eastern 10 GMT with the price above the 5EMA so we’re looking for long trades, right? Now drop down to the 15m chart and you’ll see a 15m step on the 7:00 bar for a nice little long trade. Again a nice little long trade on the 8:45 bar and a really nice trade off the 10:15 bar, all in the direction of the trend established off the 3h chart.

Waiting to trade in the direction established off the 5EMA on the 3h or 4h trend seems to have increased my success with the method.

[pipon]

Hi d-pip !
Thanks for the tip !
I actually thought about something similar (adding a 21ema , and trade only in its direction on the 4h) but never did it as I belived that the ema-step system is all about finding the reversal early…
But now when you say it, I will use your tip for the 15M and 30M trads !
I hope it will help.
BTW what pairs do you find best with this system ?

[d-pip]

BTW what pairs do you find best with this system ?

I pretty much stay with EUR/USD and GBP/USD, sometime USD/CHF and AUD/USD. I don’t always follow the rules exactly as per the 5 EMA step ebook.

The step method is slowly becoming one of the core methods of my trading. I seem to always have the 5 EMA with either the 14ma-bolls or 20ma-bolls along with the CCI on the Oanda platform that I trade.

Over on one of the other threads Gravition suggests you have three reasons for taking a trade. A lot of time I’ll use the 5 EMA step as one of my three triggers.

I also look for Tyman/Gravition “count back lines”, high/low session break outs, price action off or around daily pivot points, and some long term trend stuff ie Ichimoku etc.

maurizio77 has given us a nice trading method, thanks!

[martin_d]

I pretty much stay with EUR/USD and GBP/USD, sometime USD/CHF and AUD/USD. I don’t always follow the rules exactly as per the 5 EMA step ebook.

The step method is slowly becoming one of the core methods of my trading. I seem to always have the 5 EMA with either the 14ma-bolls or 20ma-bolls along with the CCI on the Oanda platform that I trade.

Over on one of the other threads Gravition suggests you have three reasons for taking a trade. A lot of time I’ll use the 5 EMA step as one of my three triggers.

I also look for Tyman/Gravition “count back lines”, high/low session break outs, price action off or around daily pivot points, and some long term trend stuff ie Ichimoku etc.

maurizio77 has given us a nice trading method, thanks!

Hi, I would like to know what targets you use as TPs, and which stops.
I seem to have an issue with the TPs in the ebook as I only rarely see the second target being met (which is the opposite Bollinger Band). Maybe am I missing out on something… The TFs I usually use are 15/30 and pairs are EUR/USD, EUR/GBP, GBP/USD.

Do you also find it extremely rare that once the 3 triggers are on, the signal carries on to the opposite BB ??

Please help me as this is making me lose money (on the demo !) even though I am trying to follow the ebook as stated. I end up stopped at the previous high/low much more often than I can make proper profit.

Thank you in advance.

[martin_d]

I am enclosing screenshots of a trade that I got wrong. It would be interesting to analyze if there has been a mistake made to the application of the EMA step or whether it was just bad luck.

You will find 4 charts :
Chart 1 : 30M TF
Chart 2 : 60M TF
Chart 3 : 2H TF
Chart 4 : 3H TF

The trade you can see (that gave a loss of -2.3 pips) was done according to the EMA step formed on the 30M TF (chart 1)

Thank you for your help and hope it will help you too

[d-pip]

I am enclosing screenshots of a trade that I got wrong. It would be interesting to analyze if there has been a mistake made to the application of the EMA step or whether it was just bad luck.

You will find 4 charts :
Chart 1 : 30M TF
Chart 2 : 60M TF
Chart 3 : 2H TF
Chart 4 : 3H TF

The trade you can see (that gave a loss of -2.3 pips) was done according to the EMA step formed on the 30M TF (chart 1)

Thank you for your help and hope it will help you too

Martin d,

What time of day is this trade?

I can’t clearly make out the time zone on the charts but it looks like you might have made this trade afternoon New York session. If so, keep in mind that when the London & European markets are closed and only NY is trading it’s not unusual for the price to just move up and down in a tight range…. And the price will keep stepping back and forth across the 5EMA giving you nothing but fake outs.

Some days you’ll see the same flat market price action during the Asian session and before news releases. When the London-European markets are open you will generally see the best price action.

Don

PS As far a TP targets… I find the price action will get to the first target a lot more than the second. You’ll find that it depends a lot on the time of day you’re trading, the time frame you’re trading and if the market price action is running flat-ish or in a strong directional trend.

If you get a chance you should review “The Lay of the Land” in the ebook on page 6, it explains the different market conditions and what to expect as far as price action and as pip count.

[martin_d]

Martin d,

What time of day is this trade?

I can’t clearly make out the time zone on the charts but it looks like you might have made this trade afternoon New York session. If so, keep in mind that when the London & European markets are closed and only NY is trading it’s not unusual for the price to just move up and down in a tight range…. And the price will keep stepping back and forth across the 5EMA giving you nothing but fake outs.

Some days you’ll see the same flat market price action during the Asian session and before news releases. When the London-European markets are open you will generally see the best price action.

Don

PS As far a TP targets… I find the price action will get to the first target a lot more than the second. You’ll find that it depends a lot on the time of day you’re trading, the time frame you’re trading and if the market price action is running flat-ish or in a strong directional trend.

If you get a chance you should review “The Lay of the Land” in the ebook on page 6, it explains the different market conditions and what to expect as far as price action and as pip count.

Hi, thanks for your reply.

Yes, this trade was made around 6PM GMT, which is, as you said, in the afternoon New York session.

About fake-outs, yesterday I had an really awkward situation on a 15 min TF GBP/USD :
The CCI signal had just crossed the oversold line at the end of the candle. (And the EMA and stochs signals were also triggered). Valid cross candle.
So I went long at the beginning of next candle.

However, at the end of this candle (which was bearish, so, against my trade), the CCI changed direction at the next candle, and the CCI-oversold cross disappeared !! So the cross I saw is not a cross when I backtest it, and the CCI direction change was a candle late (too late for me to cancel the trade and just lose a few pips instead of many more). What do you think about this ? Is it normal or is it my platform ?

As the CCI depended on the future candle that hadn’t been formed yet…

Which caused an inflicting losing trade

I thought that once the CCI was determined for time t, it would remain the same in the past… I was unfortunately proven wrong.

[d-pip]

Hi, thanks for your reply.

Yes, this trade was made around 6PM GMT, which is, as you said, in the afternoon New York session.

About fake-outs, yesterday I had an really awkward situation on a 15 min TF GBP/USD :
The CCI signal had just crossed the oversold line at the end of the candle. (And the EMA and stochs signals were also triggered). Valid cross candle.
So I went long at the beginning of next candle.

However, at the end of this candle (which was bearish, so, against my trade), the CCI changed direction at the next candle, and the CCI-oversold cross disappeared !! So the cross I saw is not a cross when I backtest it, and the CCI direction change was a candle late (too late for me to cancel the trade and just lose a few pips instead of many more). What do you think about this ? Is it normal or is it my platform ?

As the CCI depended on the future candle that hadn’t been formed yet…

Which caused an inflicting losing trade

I thought that once the CCI was determined for time t, it would remain the same in the past… I was unfortunately proven wrong.

martin d
You probably read the signals correctly but the market just didn’t break out and make a move. Thursday GBP/USD, IMO… seemed to be running flat-ish. I tried a few GU trades closing most of them with a loss.

Flip up the GU chart and compare the price action between Thurs. and Fri. You’ll see how Thurs. GU moved back and forth in a relatively tight range mid london through the new york session. Where as Fri GU popped out of Thus’ price range during the Asian session and made a nice run up, then turned for a nice run back down, offering a lot more opportunity than Thurs.

Of course I was sleeping and missed most of it :eek:

PS Take a look at page 15 in the ebook, maurizio77 shows a good example of how to identify flat price action.

[martin_d]

martin d
You probably read the signals correctly but the market just didn’t break out and make a move. Thursday GBP/USD, IMO… seemed to be running flat-ish. I tried a few GU trades closing most of them with a loss.

Flip up the GU chart and compare the price action between Thurs. and Fri. You’ll see how Thurs. GU moved back and forth in a relatively tight range mid london through the new york session. Where as Fri GU popped out of Thus’ price range during the Asian session and made a nice run up, then turned for a nice run back down, offering a lot more opportunity than Thurs.

Of course I was sleeping and missed most of it :eek:

PS Take a look at page 15 in the ebook, maurizio77 shows a good example of how to identify flat price action.

Yeah I know how the market was acting weird… however the main point here was about the CCI indicator which clearly passed the overbought line, and then, a few minutes later, that “passing the line” had disappeared. So if you looked back now, the CCI was not a valid indicator while it was one when I was trading live.

Is it a problem with my platform ? This has left me in a bit of a doubt to be honest…

Thx again.

[WKA]

Yes I use sma 1 too… got the same understanding and think it is how maurizio wants it to work : )

Being demo testing I do have another question though : about target 2 (which is the opposite bollinger band), do you guys reach it often?
Because even while backtesting, it seems that target 2 is rarely met (=the candle crosses the opposite BB), even though all three triggers were there.
I realize that in this case I lose more money as my stop gets hit after quite a few candles. (The candles do follow the trend given by the ema step, but it often seems like my target 2 is always too ambitious )

Thx for your help!

Use fo stocs 14.2 set up will help tou to have a second target .If do not hit get out will reverse and hit sl.

[chonga]

Hello - Sorry if this has been posted before. I have searched but I can’t find the link to the ema step ebook. Can someone please share the link with me?

thanks…Andrew