looks good but there’s fakeouts, what would you use as a SL?
I think that u could place your S/L and T/P levels using pivots and resistance,support levels but remember to keep your risk reward ratio at least 1:1.7
SL would be the other end of the trigger candle…if the candle is too large (over 50 pips) I would place SL at 25 pips.
TP should be atleast twice the SL. after one hour into the trade you should adjust SL to breakeven…if possible.
How successful has this strategy been. Anyone still using it.
mikey…I was just re-visiting this simple strategy…pull up the EUR/USD and throw a 21 ema on the 4h chart…pretty amazing huh.
ema 21 on H4 works wondefully, how everI have a minutely different system based on ema 20 channel.we can use H4 H1 M30 M5 time frames.if u have enough time ise M5 , otherwise H1 or H4. draw a 20 ema high, 20 ema low on main chart. draw RSi 10, lay out an sma 10 on rsi. two level on rsi are 45 & 55
rules for long entry,
whena candle closes above upper channel and RSI is avove 55 & above sma 10 go long. set SL at the low of lower channel, R;r is 1:2 ie if SL is 20 TP is 40.
short trade.
if price closes below the low of lower channel, take a short trade. SL @ low of upper channel tp IS 1:2.
ALWAYS TRADE IN THE DIRECTION OF HIGHER TF.
dont take the 1st swing close above/below channel, better take the 2nd swing.
first train ur eyes and see visual historical trades.
hopefully, this will help many. this is not my system but wort sharing. chart is added for more understanding.
I’ve never had success with any moving average system. Like others have said, the problem with a moving average is lag. It’s main usefulness is in determining trend direction, although there are other indicators that work just as well in measuring trends e.g. RSI.
If it’s been successful, people would be raving all over this thread. 
well, Kevin, if we determine the direction of trend and then use this system, we can get success. the thing is we need to understand what is trend, where it is now, for that we need to know a bit about elliot wave etc. because during trend we need to know how to enter. it could be channel break, candle pattern, price action, indicators etc. understanding is very important. lack of understanding, patiece and ignorance about the price action fails us. all the successful trader use some sort of indicators like moving averages, oscillators and then use them wisely determining the present price action.
I don’t know may be I’m wrong. lately I started using ema 20 channel along with price action and trend direction. i’m getting a lot of success. at least try it on demo account.
by the way kevin how u trade?
I have a daily chart for set up purpose and hourly chart for trigger purpose.
Heeee, Crashgtti! You forget the most important one, you, $%^&*…
Our own forex school @ babypips!
SMA, Close, 0, 70
SMA, Close, 0, 20
Looks promissing on the M5 eurusd. the sma 20 deter mining the direction of the trade. The fake-outs can be dealt with, because the SMA 70 doesn’t look very volatile when it happens… I haven’t thought about the double MA in a long while, but it may be interesting to look at it again.
I’ll try to minimise my off-topic post, but I look for a day or week of low volatility. Like night following day, low volatility will be followed by high volatility. If yesterday had low volatility, I expect volatility to increase today and setup pending orders on the break of yesterday’s high or low. It has to do with order flow. Low volatility tends to suggest that the big money is either staying out or they are quietly accumulating positions without moving the market. Either way, the big money will soon move the market as they re-enter the market, or they exhaust buy/sell orders during their accumulation.
Here’s an example I took early this week on the AUDUSD:
It’s a simple system that doesn’t require indicators. I set my R:R according to my backtest.
I’ve been playing around with a similar strategy.
Useing a 9 ema and a 18 ema. When price moves from below the 18 to above the 9 in a bullish trend you would jump in and ride it until it crossed below the 18.
TF=5 min or 15 min; 1 minute might work if you were aggressive and used more confirmation signals.
Additonally I think this only works in volitile/trading markets. You would also be keeping track of S/R levels. I like to keep an ATR indicator out also just to ensure there has been movement. Stocastics doesn’t work for me here too much noise. MACD maybe works but i’m looking to get better at useing MACD.
If your on the 5 min chart definatly only trade pairs with the lowest spreads. And I look for at least 2:1 with set Profit/Stop targets. With more volatility I would try to push up the profit to loss ratio to make more on my trades. I do think you should set the targets with this strategy, you enter manually and are only out when you get taken out with your plan no manual closeing.
Also I think this strat needs a little more work but I think is on its way to being useful. (Maybe i need a little more work as a novice trader! 
)
ma systems are the most reliable
It works. I use Bookmap to spot liquidity zones on the futures Index, like NQ or ES. Then I use a 3-minute chart with bars, not candles, I also change the colors of the bars to one color and wait for the second bar to close to confirm direction. Maybe this could help.
