i started trading demo about 2 months ago. i tried trading with other people’s ema crossover systems and i’m always disappointed with entering the trade after the initial big movement and exiting too late. so i am trying to develop my own system that will allow me to enter early and exit quickly after the trend start to reverse.
so here it is…
gbp/usd, eur/usd; 15m, 30m, 1h, 4h…
2 ema, applied to close
6 ema, applied to open
enter and exit when the emas crossover
stoploss: varies with timeframe
i don’t think i’ve heard of anyone applying emas to the opening price, so i just want some advice/guidance. i’ve check the system against historic charts, it looks like it would work but i haven’t tested it in real time…maybe people don’t apply emas to opening because it doesn’t work in real time.
any input would be greatly appreciated