Hello Trader's,
I started to trade 4 hours time frame on GBP/USD. I am using EMA 5,8,13,21,34,55,233 plus RSI 14 (over 50 bullish, under 50 bearish) and MACD 12,26,9. I also have the EMA crossover signal indicator which you find in the indicator folder on MT4.
The ema crossover signal is set to EMA 5 and EMA 13. As soon I get a signal that the EMA 5 is crossing the EMA 13 I take my order. My question now is, can you help me to find the perfect SL, TP for this system? Right now I am looking for a opposite signal to close my order. I just started this system after looking back on my chart for some weeks and there are moves between 100-200 and up to 400-600 in one trading signal. Maybe somebody is trading the 4hour and can give me some help which we all can share.
Thank's a lot,
SXMTrader
I started to trade 4 hours time frame on GBP/USD. I am using EMA 5,8,13,21,34,55,233 plus RSI 14 (over 50 bullish, under 50 bearish) and MACD 12,26,9. I also have the EMA crossover signal indicator which you find in the indicator folder on MT4.
The ema crossover signal is set to EMA 5 and EMA 13. As soon I get a signal that the EMA 5 is crossing the EMA 13 I take my order. My question now is, can you help me to find the perfect SL, TP for this system? Right now I am looking for a opposite signal to close my order. I just started this system after looking back on my chart for some weeks and there are moves between 100-200 and up to 400-600 in one trading signal. Maybe somebody is trading the 4hour and can give me some help which we all can share.
Thank's a lot,
SXMTrader