322# Channel 50 EMA two methods: Ronnierott's and JanusTrader's
50 Ema Channel Trading Method
Submit by Maximo Trader 15/03/2012
Ronnierott's Method
Time Frame H1
Currency Pairs:GBP/USD, EUR/URS, GPY/JPY, USD/CHF
Indicators:
EMA 50 high;
EMA 50 low;
EMA 15 Close.
MACD +EMA (35, 70, 1, 12)
Rules
RULE 1. The MACD has to be the right
colour for the direction of the trade and the MACD MA must be within the coloured area. (See image below)
RULE 2. When the price hits the 15 EMA & bounces off or goes through the 15 EMA and reverses back it's a trade AS
LONG AS:-
The high/low of the setup candle is NOT more than 50 pips away from the 15 EMA (30 for G/J & U/C) AND the 15 EMA is not within the 50 EMA
channel. (See image below)
Entry is then 10 pips above/below the high/low of the setup candle. (Add spread
for long trades)
Stoploss 100 pips
Takeprofit 100 pips
Go to breakeven when +50
If pending order is not activated and price goes the other way and closes above/below 15 EMA -- Cancel order and wait for next setup.
RULE 3. DO NOT TRADE WHEN THE 15 EMA IS INSIDE OR VERY CLOSE TO THE 50 EMA CHANNELS.
Source Forex Factory Forum
JanusTrader's Method
Time Frame H1
Currency Pairs:any
Indicators:
EMA 50 high;
EMA 50 low;
Jurik filter (15)
Filter (Indica la direzione del trend)
Non lag Schaff TCD RSX (11,34 ,5 0 5)
Trade only in the direction opf the trend
DO NOT TRADE WHEN THE 15 EMA IS INSIDE OR VERY CLOSE TO THE 50 EMA CHANNELS.
Long Entry
Filter Blue,
Jurik filter > 50 Ema channel,
Non lag Schaff TCD RSX >85.
Short Entry
Filter Red,
Jurik filter<50 Ema Channel,
Non lag Schaff TCD RSX <15.
Exit Position:
When Jurik Filter back in 50EMA channel or with predetermined profit target of 25-35 pips.
Stop loss
for buy 5 pips below the 50 ema low;
for sell 5 pips above the 50 ema high.
In the pictures Channel 50 EMA two methods forex system in action.
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