Hello dearest FF members and guests
I have created a system which is not fully tested but looks good so far
I am releasing this system for free.
I think you will be interested because this is a new approach to EMAs. I am sure you have not heard of the similar trading system.
Do not be confused it is not GTS system
Ok here is explanation:
We use 5,10 and 18 EMAs
We use BB Squeeze indicator (indicates when bollinger bands come out from ketler channel)
We use 4 hour charts
I think it works good on EURGBP and USDJPY
1. When we have a signal the Bollinger bands come out from ketler channel there will appear a blue dot on BB squeeze indicator. This is first signal.
2. But we wait for EMAs to confirm a trend. So when distance between these 3 EMAs are equal this is confirmation of the trend.
3. After we see that distance between these EMAs are equal (there will be yellow line to show this) we wait when price goes to 10 EMA and then retraces and closes on bearish/bullish bar. Important is that price should not close 10 pips (20 pips USDJPY) above of the 10 EMA.
I am still thinking on EXIT point, may be you have better idea?
My idea is exit should be when BB squeeze bars stop to rise.
This is it, if you have question you can ask, When I log in second time I will answer them.
In the meantime see attached charts
thanks
I have created a system which is not fully tested but looks good so far
I am releasing this system for free.
I think you will be interested because this is a new approach to EMAs. I am sure you have not heard of the similar trading system.
Do not be confused it is not GTS system
Ok here is explanation:
We use 5,10 and 18 EMAs
We use BB Squeeze indicator (indicates when bollinger bands come out from ketler channel)
We use 4 hour charts
I think it works good on EURGBP and USDJPY
1. When we have a signal the Bollinger bands come out from ketler channel there will appear a blue dot on BB squeeze indicator. This is first signal.
2. But we wait for EMAs to confirm a trend. So when distance between these 3 EMAs are equal this is confirmation of the trend.
3. After we see that distance between these EMAs are equal (there will be yellow line to show this) we wait when price goes to 10 EMA and then retraces and closes on bearish/bullish bar. Important is that price should not close 10 pips (20 pips USDJPY) above of the 10 EMA.
I am still thinking on EXIT point, may be you have better idea?
My idea is exit should be when BB squeeze bars stop to rise.
This is it, if you have question you can ask, When I log in second time I will answer them.
In the meantime see attached charts
thanks
Attached Image
kiss the trend