5EMAs Forex System - Opinions

[internetgrandmaster]

i got the system and attached the indicators and EA only to discover it wasnt making any trades, then i allowed the dll stuff and it started showing alert disabled. i think the system owner should have provided more information on EA usage
Anyone have an idea on how to get the EA to work?

[WaveTrader]

Paying a bit more attention is probably a good first step.... the EA description box on the website clearly states that it does NOT auto-trade!

[cemploek]

helo brroo where i can DL thats system

[internetgrandmaster]

thanks for the info but how does it alert you of a potential trade
it has never opened a sound box alert in my metatrader
also did you allow dll on your platform
maybe i am doing something wrong

[WaveTrader]

Cemploek:

You can easily download the system from the 5EMAs download page after paying for it.

InternetGrandMaster:

Yes - you need to have the DLL option enabled - it's easy to overlook some of the settings so work your way back through the installation manual and make sure you haven't missed anything - the important stuff has a red circle round it in the screenshots.

[TUM]

Originally Posted by elektrance

Well.. I dont know about that multi emas system, or if you understand it, I just made 417 pips selling GBPUSD using the advanced method 1 of the 5 emas system (the breakout rule). And I exited with the exit strategy 3 which is when the candle closes above the EMA 20 (if selling).

For your better understanding I attached a picture, I belive this might be a little complex for you.

All the best and a happy Xmas with a prosperous new year!

Hi elektrance

I also purchased the advanced 5EMAs with the new indicator

I have noticed the repainting of historical bars within the indicator and was wondering what trading rules you employ to cater for the shifting dynamics of the indicator output

Regards
TUM

[oilfxpro]

Originally Posted by WaveTrader

Whether you were "impressed" or not is neither here nor there - the 5EMAs system works and they certainly ARE making truckloads of money. If you look at their sales page you'll see a link for a live account statement which shows a $20,000 account opened at the end of October growing to over $103,000 by the middle of January. I also got a mailing from them this week with the folloowing link:

5emas-forex-trading-system.com/58kstat.htm

That shows another $20,000 live account opened on 17th January that has grown to over $60,000 in about 2 weeks.

If you also take the trouble to read the sales page it DOES offer a refund if you can prove that their system doesn't work, though with statements such as the above, I guess that would be pretty hard to do! The problem with people today is that they are mostly tire kickers so I fully sympathise with the 5EMAs guys and hope they continue to stand their ground. The system is good... it works... and as the various statements on the website (some of which are from course owners) prove, works a damn sight better than anything else I've seen in the marketplace.

Finally, just to respond to OILFXPRO, I'm sure that serious "students" would pay $1,000 for a system that could make $10,000 - I certainly wouldn't think twice! - but the sad fact is that 95% of people are not serious at all.

WaveTrader

Wavetrader

I think the methodology behind the 5EMAS sounds sound.I had the pleasure of seeing a video on Utube.

Somebody highly knowleadgeable wrote the 5 EMAS and its worth paying to gain the system and knowledge

At first I thought it was justy another system from another Guru

It is good if you can follow it and the 5 EMAS adds to the trader's knowledge.ANY KNOWLEDGE A NEW TRADER CAN GET IS MONEY WELL SPENT

The version I liked was the one with the retracements in a trend


I do apologise for my previous comments

OILFXPRO

[elektrance]

Originally Posted by TUM

Hi elektrance

I also purchased the advanced 5EMAs with the new indicator

I have noticed the repainting of historical bars within the indicator and was wondering what trading rules you employ to cater for the shifting dynamics of the indicator output

Regards
TUM

Honestly, after using the 5 emas for a while I have to conclude that trade was mainly a question of luck! In fact, the 5 emas system sucks on a long term basis....I just dont regret the money I paid for it because the divergence system and indicatores were included...And that system (divergences) is worth it! Divergences are powerful stuff in tech fx approach.

[bossxero]

Thanks elektrance for your honest feedback... It tallies with my view on this product also...

[oilfxpro]

Originally Posted by bossxero

Thanks elektrance for your honest feedback... It tallies with my view on this product also...

why were they not providing a fully automated expert?

OILFXPRO