Mon

14

May

2012

Simple Entry

 When the 13 EMA  crosses up over the 55 EMA  it is a sign to buy (long)  OR a sell (short) if the line is crossing downward under the  55 EMA.     
 STOP LOSS 
  1.  Stop loss placed somewhere on the opposite side of the 55 EMA . If candles previous on that same side then behind the one of those candles as well to put distance between candle levels.

2.  Set a specific stop loss according to your money management tolerances, 10, 25 or 50 pips as your needs dictate.

 

Profit Target

15, 30, or 60 pips.

Write a comment

Comments: 3
  • #1

    Jalso (Tuesday, 08 March 2016 23:43)

    Interesting.

  • #2

    Vinod (Wednesday, 09 March 2016 00:24)

    If we get the entry right then we will always be in great benefits, but if our entry is not right then we will struggle pretty badly. I am trading with OctaFX broker and they are a type of broker that always makes us win. This is to do with their low spread which is just 0.2 pips, so with such low spread, I don’t think one can ever feel like having wrong entry. I am very proud to work with them since this puts me in great benefits almost every single time!

  • #3

    dodgerblue (Saturday, 26 March 2016 03:34)

    This will be a profitable system with MACD. But this is not a new idea.
    Many traders are using MA cross system.