My 34 EMA cross system

[paulaelli]

Just thought i would share my system in the spirit of this forum.

My system is a 34 EMA Crossover.
Using 1hr chart for trades and Daily for Overall Trend.

on the chart i have.
5 EMA
34 EMA
Stoch 14,3,3
Rsi 14
MACD 12,26,9 (Std. setting)

Entry is when the 5 Ema crosses the 34 Ema. I filter using the Daily. only taking trades in the same direction as the overall average. Open the Trade 30 pips away from the Cross point.

Confirmation is RSI Above / Below 50, Stoch Trending in the same direction, and MACD on Opposite side and Gaining ground.

SL is placed over the Next S / R level on the trade. and PT is also placed on the Next S / R level.

[baby24]

Just thought i would share my system in the spirit of this forum.

My system is a 34 EMA Crossover.
Using 1hr chart for trades and Daily for Overall Trend.

on the chart i have.
5 EMA
34 EMA
Stoch 14,3,3
Rsi 14
MACD 12,26,9 (Std. setting)

Entry is when the 5 Ema crosses the 34 Ema. I filter using the Daily. only taking trades in the same direction as the overall average. Open the Trade 30 pips away from the Cross point.

Confirmation is RSI Above / Below 50, Stoch Trending in the same direction, and MACD on Opposite side and Gaining ground.

SL is placed over the Next S / R level on the trade. and PT is also placed on the Next S / R level.

Nice

Thanks

[n1n3tykman]

Look like a good system. I am monitoring it. Will test it soon.

[sohel]

The strategy is submitted in 2010… and again this is selected as best strategy for the month of march 2012 after resubmitting for the contest this year… this means that you’re using it for last 2 years… could we have some success stories??? this could inspire newbies like us… I already decided to follow this strategy in my demo trading…

thanks
sohel

[n1n3tykman]

So far it has worked for me. I only use RSI and supp/resistance for confirmation.