Range-bound Trading
Indicators = EMA 30 and EMA 5
TimeFrame = Any
Pair = Any
Chart = Candle Stick
This method work well in range-bound market. There is no perfect method to spot starting point of range-bound market beforehand. Usually market becomes range-bound after quick upward movement or downward movement. So as soon as this happens u can use this method to trade.
Buy Rules = Buy as soon as EMA 5 and EMA 30 touch a candle stick. Usually only one EMA will be touching candle stick so wait until both touch a candle stick. Also see if EMA 5 is about to cross EMA 30 from below. If both conditions r met buy.
Sell Rules. Sell as soon as EMA 5 and EMA 30 touch a candle stick. Also see if EMA 5 is about to cross EMA 30 from above. If both conditions r met sell.
Stick to your rules
Thx for sharing.
I am not getting it completely but maybe by practicing it for a day or two, I can understand it better.
The good or ill of a man lies within his own will. – Epictetus
Just EMAs?
Even though EMAs r good but I dun think good enough to make a whole system. How about adding bollinger bands?
I like simple systems but isnt it "too" simple to be good enough. I have never used EMAs alone and I agree with champ that EMAs alone may not produce good results if used alone.
Just EMAs?
Even though EMAs r good but I dun think good enough to make a whole system. How about adding bollinger bands?
Yes Addition of more indicators may make it good but EMAs do work fine. Bollinger band is a good suggestion. Please try and share results with us.
Stick to your rules
Originally posted by uniquetraderYes Addition of more indicators may make it good but EMAs do work fine. Bollinger band is a good suggestion. Please try and share results with us.
In my opinion, it is really hard to adopt someone else's strategy successfully. Usually a trader has to modify it according to his style. Here I am feeling that just EMAs may not work fine (for me). I like BB and RSI which work really with MAs so I suggested BB.
Has anyone else thought of adding indiciators?
Originally posted by Champ
Originally posted by uniquetrader
Yes Addition of more indicators may make it good but EMAs do work fine. Bollinger band is a good suggestion. Please try and share results with us.
In my opinion, it is really hard to adopt someone else's strategy successfully. Usually a trader has to modify it according to his style. Here I am feeling that just EMAs may not work fine (for me). I like BB and RSI which work really with MAs so I suggested BB.
Has anyone else thought of adding indiciators?
i agree. I have never seen anyone trading successfully with someone else's strategy. It should work though if it is purely based on technical indicators. But I think strategies do not include technical indicators only but also some common sense and experience which tells you when to trade and when not to.
Originally posted by illiterateI like simple systems but isnt it "too" simple to be good enough. I have never used EMAs alone and I agree with champ that EMAs alone may not produce good results if used alone.
Im in agreement, have you though of addding triangles and trendlines?? its also a good idea to consider MACD since it would indicate the momentum as well should the rate be close to a border.
Sorry guys but there comes to mind that perhaps the only way that guarantees a good profit is enter in favor of the underlying trend without complicating their lives to go to look for systems that only lead to total failure? Yet the real professsionisti markets grind thousands of pips a month and certainly do not use all of these systems bogus
![[angry]](/themes/default/images/smiles/angry.png)
i think a personal trading system is good, but you have to keep it simple according to your style.. it might be more accurate to say instead of strategy or system, to call it a pre-trading habit.
Hey guys about range bound trading, i noticed USD/JPY and EUR/USD are currently in a stable range.. I grew my performance by 0.12% today from trading from them alone multiple times! Check me out!