http://niftydoctor-trading.blogspot.com/
A similar system that uses the 100 min ema, 400 min ema and the 1000 min ema.
The system features three moving averages:
fast, middle and slow.
Entry points are determined by the middle moving average crossing the long moving average and exit points by the fast moving average crossing the middle moving average:
Go long when:
middle moving average crosses to above slow moving average from below;
AND fast moving average is above middle moving average.
Close long when
fast moving average crosses to below middle moving average from above.
Go short when:
middle moving average crosses to below slow moving average from above;
AND fast moving average is below middle moving average.
Close short when
fast moving average crosses to above middle moving average from below.
trade-with-trading-system
* Most successful traders use a mechanical trading system.
* This is no coincidence.
* A good mechanical trading system automates the entire process of trading.
* The system provides answers for each of the decisions a trader must make while trading.
* The system makes it easier for a trader to trade consistently because there are a set of rules which specifically define what should be done.
* The mechanics of trading is not left up to the judgment of the trader.
* If you know that your system makes money over the long run it is easier to take the signals and trade according to the system during periods of losses.
* If you are relying on your own judgment during trading you may find that you are fearful just when you should be bold and courageous when you should be cautious.
* If you have a mechanical trading system that works, and you follow it rigorously your trading will be consistent despite the inner emotional struggles that might come from a long series of losses, or a large profit.
* The confidence, consistency, and discipline that a thoroughly tested mechanical system affords is the key to many of the most profitable traders’ success.
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