Forex Trading Strategy using EMA & CCI Indicator by www.forexmentorpro.club
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Looking for a hundred pips as a Target is unrealistic on the 1 hour 4 hour charts and putting a 200 pip stop loss is completely suicidal
This strategy seems too good to be true. To be honest, its easy and i am scared. But its all about practice and patience
does it have to be on H1 frame? or can i use it in other timeframes?
Does this work in 2019?
Hi Ed, can I used this for all time frame? Thx
Thank you very Much
At the 22:51 mark.. there is a small pull back but then the trend continues with the CCI over 100. Could this not be another re-entry point?
Video starts at 9:30 with information
Is it possible to use 1 lot for 200 pips instead of 2 lot?
Can you also use the CCI(20) same rules?
Ed, You are simply a genius. Thanks for your video and lecture. Cheers. Chuks chuksasom@gmail.com
Can this apply on the 1 hour chart
Very Nice
Thank you very much
thank you so much
nice video
Must we take only the first trade after price crosses the ema, or can we enter again each time CCI reaches the trigger level? Thanks.
Entry at the 13:34 time on video should have been an entry at the bottom of the long red candle and not the open of the red candle, as the CCI was not below -100 until the close of that candle. At the open of the candle, the CCI was still above the -100 level. Minor oversight, but worth mentioning. You've gotta watch the "slide of hand"! LOL
More video like this please
This has a lot of potential and a quick back testing shows this is reasonably effective. However I think there needs to be caveats to this. You should trade with the trend so crossing the EMA can potentially be going against the trend. Take a look at the retracement which has occurred to get to the EMA (basically consider the price action). Has the bars come down from quite far? If yes this is a good sign, if not this may be only a temporary retracement. (I have looked at adding shorter Emas to help with trend but not come to a satisfactory answer to date.)
Also how does the bar cross the line. Take a look at the price action. Is the bar strongly bullish/bearish. Does it engulf the previous bar or is it just limping over the line? I have noticed in brief backtesting that a engulfing candle crossing the line is very positive.
I think the 200 pips can be dangerous if you find yourself in a ranging market. I might suggest an ATR approach as it is hard to tell you are in arranging market with this strategy until you are committed.
I wonder if HA candles may prove better on this?
can you use this setup on futures such as Gold Silver or indexes?
When you say 200 pips as a stop loss etc, do you mean 20 pips which shows as 200 in MT4 or 200 which shows as 2000 pips within MT4?
great videos,couple of questions is this only for a downtrend if price is below EMA60?so u short ALWAYS right? so does it hold true for an uptrend long call if price is above EMA60? and secondly why buy 2 lots,wont it be better just doing one trade?less commission costs right?and thirdly the second trade do u take that when you enter first?or do it after you realise you've earnt profit and take 200 pips Then place another trade with the same parameters? and is it normally weeks for the realisation of pips to be made,im guessing its not couple of days right?many thanks if anyone can clear this up.cheers
Thank you ED For yet another great informative Video , I use IB for Broker and have set up the charts using you system . FWIW With the default setting from your Vid I was able to set on the IB . This vid has been invaulable. Became a member of yours yesterday. So Looking forward to leaning from a master trader and steadily growing my acc,
can we use this strategy in commodoty…..equity
How do you work out which way a pair is trending Ed.
What kind of win rate would you expect from this system Ed. Plus would you always trade on the Daily time frame?