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Hi Rick, Thanks for sharing this, looks good. Can I ask a few...

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jarado

18 Posts.

18/12/17

22:09

Post #: 29721716
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Originally posted by RickM ↑

GBPNZD

Just a nice 100 pip trade win on my simple 5EMA Trading System.
I have been trading this system for over 12 years and have alerts send to my iphone on crosses of the EMA if I am away from my 4 hour Charts.
The 5EMA Shift 3 is really just a better visual look of the 10EMA. I simply trade in the direction of both Daily & Weekly once the Bar is closed and has crossed the yellow line. Its just so simple.
To exit trade, I wait for either a cross of yellow line back the other way or a price action reversal signal. I will also add extra positions on a strong move every 0.5 ADR100.

No real stress here, there is around a 65% success rate for most major pairs. The real money is made by letting the trade run for as long as you can. All I have to do is listen to what the weekly is telling you.

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Hi Rick,

Thanks for sharing this, looks good. Can I ask a few questions...

1) Can you clarify if you would you trade after candle (1) or candle (2) has closed on the below?
2) I am using IG and can't seem to find anything called 5 EMA Shift 3? You also mention 10 EMA. Would you recommend 5 or 10EMA?
3) Does this work best on 4hr interval or does it also work well on others?

Thanks in advance

J
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