Do you take the trade only the first time the candle closes above/below the 5EMA or any time the candle closes above/below the 5 EMA?
In other words, do you keep buying as price goes up and selling as price goes down or is the trade only the first time it breaks the 5 EMA?
as I checked your second statement (picture), you traded eurusd nearly every 2nd or 3rd day, so this cant be on daily charts. The signal on daily charts comes like 5-6 times on every pair. So pipchaser, what is your timeframe please ?
I haven’t traded this system in a while. I would place an order any time the candle closes above/ below the 5EMA.
Daily. I may have been testing other systems.
Hey Pip Chaser, have you found something more profitable or are you working on another system that you feel has better potential? Do you have a thread started with a new system we could all follow?
Anyone still playing with this system?
I will give this system a go tonight. See what happens.
i also use ema to trade