O.K. Guys this is a good one. A friend of mine gave me this system that he is working on. And, I do mean working on. He has a good start but that is all. We need your help in getting going. I think he might have something here. It is simple but unrefined. That is why I decided to call it the Crazy Mans System. Not because you have to be crazy to use it, but because the man that gave it to me IS Crazy. So here we go.
The Fast EMA’s
These must all be the same color. I like to use red because it is hot.
The Slow EMA’s
Also these are all the same color. I like to use blue because it is cold.
When all of red crosses over all of blue buy.
When all of blue crosses over all of red sell.
That is it. And also that is why we need help. I added bollinger bands just to see how much the market is moving. I also tried SAR’s for stop loss. Take Profit is when any one of the red lines cross any of the blue lines.
So guys give it a try, add some studies, fibs, support and restitance lines what ever you like. Let me know how you do.
I have found that it works on any time frame but the 1 min chart.