Trading only on EMA

Trading Systems Free Forex Trading Systems
1

Good day everyone

I was wondering if anyone could help me, it might even be somewhere here on this site or somewhere else, but I have found and tried many trading methods and do well on them but then as always I get greedy and go too far…

I have learnt to become more disciplined and trying to get more patience and wait for signals, not just going into a trade willy nilly…

Okay so what I have done is use a 5EMA and RSI but I change it to 5, I like to use it on the 15 min charts but find it works better on the 30 min charts for better chance of not going against a trend.

I will try upload a picture of what I have done so far.

But basically I wait for a candle to cross the EMA and wait for RSI to cross the 50, as the candle closes either below or above the EMA and I have a signal from the RSI I will open a trade.

Thus far it has gone pretty well on it, but I am sure I can do some more testing on it though. I m still trying it out on a demo.

What I find is if I use a 100 EMA to show trend better it gives me better entries and exits though.

Can someone tell me if maybe I am going in the right direction with this or is my RSI a bit over the top or any advise will help.
I would like to find out from other members if maybe it could work well?

Thanks in advance

Icequebe

5

have you had a look at the HLHB system here at babypips? You´ll find it in the blog of

"the loonie adventures of a forex noob"
click on [B]“mechanical system”[/B] on the left side in the “about” box.

(I wanted to post you the direct link but its not allowed to me to post links in my posts, cause I didnt post enough posts, yet—I´m very new here ,too)

after reading about HLHB system which is only to use[B][/B] for 4hour chart you can have also have a look at the

[B]“amazing crossover system” [/B]

which you will find by clicking on the [U]“latest weekly update of HLHB (august 16)”[/U] on the same site.

then click on the [B]“HLHB Trend catcher” [/B]link which is directly under the picture of the EUR/USD chart.

in this post you find the link to[B] “amazing crossover system”[/B] . which is to use in 1hour chart

hope you didnt get loony after such crazy instruction:22:. I only read your post an thought this might be helpful for you because it sounds a bit similar to your system idea and Im trying these simple methods myself at the moment.