sorry to clog up the tread but I am thinking I am on to something tonight
its not perfect you can see the next trade on that chart would not be a winner.
Could you attach the indicator please 
here it is. A regular ATR will give very similar signals. I haven’t got a chance to go over the chart from today to see what I missed at work.
POWER.zip (917 Bytes)
Thanks!
Just so I understand this correct, you enter a trade when the PWR is pointing down? Regardless if it’s buy or sell?
It’s not complicated enough for 'em!
The way I am doing this is. If a candle closes above the the high MA or below the low MA and the pwr for that candle is less then the previous candle I will enter when price starts to move back inside the MAs by a pip. The PWR does not have anything to do with direction it just shows bar range a little smother then ATR. A strong trend still gives some bad signals.
The power of 5 Ema…
I tried this. Simple and effective. I gained 5 pips my first go. I’ll continue experimenting. Thanks.
my thoughts on this are not to do this when you see a strong trend unless your entries are in the direction of the trend. I have not done much testing of stops or tried to figure out what the win rate might be. I think this is a scalping strat and the TP should be kept small 3 to 10 pips and the RR should be close to 1:1. It looks like the win rate will be high enough that a few trades taken on an upside down RR wont kill you. and getting out at breakeven if price stalls looks like it will be a good thing.
Really?
I think it’s TOO complicated…
No posts for awhile…is anyone still trading this method? Successful?
I am trading it when I catch an opportunity its working ok for me. you have to be careful of the spread sometimes I dont take trades if the price is moving to slow
What be interesting to hear how you are getting on with this system now?
Hi there.
I don’t use this anymore. It did work fairly good if you know when and where to enter. I only trade using Volume and price action nowadays, by understanding how the market is moving has really helped me come a long way. I suggest you check into it! By trying to find a system purely used by indicators wont take you long in trading, the sooner you realise the better
Danny, hope to learn from you on your new strategy. Im currently learning volume and PA too. HOpe you start a new thread about this. Thanks!
Cool, are you learning from Petefaders thread?
5 ema still works for me 
Good to hear do you use the original method?
Ask the next subject to yellow line or white line
I use it as my main pilot … Mainly on POUND YEN pair… Wherever 5 ema goes I follow… U might wanna try using 21 SMA with it … Every time when 5 cross 21 … Try taking 10 pips to backtest… BUT IT HAS GOT TO BE A NICE CROSS… When it cross, it has to form a very nice X like cross … Take the next candle after a complete cross…it works for me 
… As for timeframe… Backtest …u can only be good if u backtest viciously… I recommend u buy this software that I bought to backtest … It’s really awesome ! It’s called forex tester 2 . It helped me a lot in my real time backtesting…try it ! And may the PIPS BE WITH U ! Oh btw I only use 5 ema applied to close.