Strategy LET'S CREATE THE BEST FOREX SYSTEM USING ONLY 1 EMA.

[FXMentalist]

Hello,
As someone who has been involved in these markets for 26 years, one of the most common mistakes I see that leads to losses is searching for indicators that do not repaint. Just because an indicator doesn’t repaint does not mean it will guarantee profits, but it definitely reflects our illusion of making money without knowing anything. Therefore, confronting ourselves first will help prevent the dollars we will lose in the future. Then, in order to start winning, we need to UNDERSTAND. We need to know what we are dealing with, the dangers of leverage, the ferocity of funds, etc. A long article could be written, but this is not the sought-after "yes, you are right" message. It is the answer to the question: HOW TO WIN? I will try to explain and help using only translation. We will use one EMA. As someone who has been providing education for 15 years, I need a friend who has at least 5 years of forex experience, has used many EAs and indicators, and will focus on the topic with just a 2-3 week break. Too many participants will overwhelm those who check the page later and will distract them. For this reason, it would be more beneficial to share external questions and ideas after the topic is concluded. It would be more effective to discuss the topic in a chat-like manner with just one person. I will ask questions, and my friend will express their agreement and ideas. It should feel like a forex conversation between two people.
(I am not sure how to bypass the process of message approval by moderators in the forum. Therefore, messages may come with some delay.)

 

[Fxzombie]

Trading using only one EMA, it seems this requires a stop loss distance that needs to be emphasized, maybe if use the EMA as dynamic support resistance, only one signal will appear in several trading days.

 

[ruman]

Hello,
As someone who has been involved in these markets for 26 years, one of the most common mistakes I see that leads to losses is searching for indicators that do not repaint. Just because an indicator doesn’t repaint does not mean it will guarantee profits, but it definitely reflects our illusion of making money without knowing anything. Therefore, confronting ourselves first will help prevent the dollars we will lose in the future. Then, in order to start winning, we need to UNDERSTAND. We need to know what we are dealing with, the dangers of leverage, the ferocity of funds, etc. A long article could be written, but this is not the sought-after "yes, you are right" message. It is the answer to the question: HOW TO WIN? I will try to explain and help using only translation. We will use one EMA. As someone who has been providing education for 15 years, I need a friend who has at least 5 years of forex experience, has used many EAs and indicators, and will focus on the topic with just a 2-3 week break. Too many participants will overwhelm those who check the page later and will distract them. For this reason, it would be more beneficial to share external questions and ideas after the topic is concluded. It would be more effective to discuss the topic in a chat-like manner with just one person. I will ask questions, and my friend will express their agreement and ideas. It should feel like a forex conversation between two people.
(I am not sure how to bypass the process of message approval by moderators in the forum. Therefore, messages may come with some delay.)

Use a 21 EMA on a M5. buy sell when price crosses line. Its risky business

 

[Fxzombie]

Use a 21 EMA on a M5. buy sell when price crosses line. Its risky business

MA crosses is a simple trading system, some scalping traders might use this setup on small timeframes like M5 to look for entries, stop loss, and target profit required.

 

[ruman]

MA crosses is a simple trading system, some scalping traders might use this setup on small timeframes like M5 to look for entries, stop loss, and target profit required.

Doesnt get any simpler than that if only 1 MA is used. One more indicator would make it a little bit better. Unless its price action trading. 1 MA isnt gonna do much. Am curious to know if it can get complex. SLTP can be recent swing before the cross. setting the shift forward may help, or changing the application.

 

[Fxzombie]

Doesnt get any simpler than that if only 1 MA is used. One more indicator would make it a little bit better. Unless its price action trading. 1 MA isnt gonna do much. Am curious to know if it can get complex. SLTP can be recent swing before the cross. setting the shift forward may help, or changing the application.

MA cross as far as I know uses two MAs with fast and slow periods, it displays a line of two MAs, and the signal is obtained if the fast MA crosses the slow MA, and yes adding other indicators might be better.