Over the past few years I have tried various trading systems. It should be noted I DO NOT trade these systems but have really enjoyed trying them on a Demo account.
For all interested parties PLEASE use a DEMO account first. This method can be employed successfully but patience is going to be a virtue.
Its based off the hourly charts
7 EMA
13 EMA
20 EMA
89 EMA
RSI over under 50
Above the EMA's 8, 13, and 20 EMAs are all above -long- or below the EMA's -short-
There is no problem going short in the forex- no rules- there is a margin and money management is a must on real accounts
The 89 EMA is used an a trend indicator. If the PPS is over the 89 is in a uptrend. Under the 89 EMA a downtrend. But be advised all trends ends. The trend is your friend until it ends..
Here is a chart to help give a visual. Use it on a demo and play around with it. Use the rules and see how well you can do in the hut for the pips.
If you try this system please leave feedback. This is a great way to learn and have fun.
7-13-20-89 Method
Linear Mode
