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5 emas system
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Old 12-14-2007, 05:36 PM
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Default 5 emas system

Hello again,

I couldnt agree more with bossxero, although he doesnt like the system and I do, the EA will give you a earshot when to look at the charts.

However, I dont follow so much that earshot as I customized this system to suit my own trading style and sice I am a full time trader I monitor the charts at least 10 to 12 hours monday to friday. Well, after all, this is a job, like any other job, the differences are:

-You are your own boss
-Usually (if you're good are it) you are better paid than most jobs
-You dont have to deal with boring coworkers and idiot managers
-You are only responsible for yourself
-You manage your own time and vacations

So, since I bought the advanced system, I advise you [sparky292] to take a look at it, because it has method for end-of-the-day traders who want to keep their day jobs. Once again, I believe either you didnt follow the system correctly or probably you didnt buy the advanced module maybe you should give it a try.

Since yesterday I banked 300 pips more using a low risk approach and my last positions were:

Sold eur usd (2007-12-13 at 1400 GMT)
bought usd chf (2007-12-13 at 1300 GMT)
Sold aud usd (2007-12-13 at 1000GMT)
Sold gbp usd ( 2007-12-13 at 1400GMT)
Sold eur chf (2007-12-14 at 1300GMT)
Sold eur jpy ( 2007-12-14 at 1500GMT) - LOSS

So I got 5 wins and 1 loss.

I really love this system, my advice is to look at the advanced module, it comes with a powerful indicator which allows you to enter the trade before the earshot and also it allows false earshot signals to be filtered out.

I also combine the divergence system with the 5 emas so I can see if there is a divergence or convergence which can increase the confirmation depth of the positions which I hypothetically consider opening.

Happy trading.

Elektrance
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