4H EurUsd System

Post your new strategies, discoveries or just ideas for development

4H EurUsd System

Postby pegasusrider » Thu May 09, 2013 7:21 am

hi guys...im not a forex proffesional but yet i think my system can be really profitable.
i dnt think thers a fixed indicator and signals to follow to be always a winner so i tried to find the perfect indicator for each price movement.
i use only 1 indicator : Ema
-wait for the price to retrace and continue trending
-choose the proper Ema wher price touched it and bounced
-wait for the price to touch the Ema again..this is the signal

http://www.mql5.com/en/charts/256389/eu ... al-markets
http://www.mql5.com/en/charts/256410/eu ... al-markets

-if the price bounce strong again i set my stop loss at breakeven...here an example:
http://www.mql5.com/en/charts/256433/eu ... al-markets

-unfortunatly i didnt decide yet stop loss-profit
i think stop loss should be very small and profit target should be 3x sl or more
bcz once the price retrace a lot below the Ema again thers a big chance the price is changin direction
Anyway i hope i get some help here from real forex pros plz comment and give advices
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Joined: Thu May 09, 2013 7:19 am

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