It looks as if rebellion is doing ok for you. I am testing it and on daily and some 4 hr. Just wondering where do you place your stops? using the shifted emas? and what about tp do you have a set target or do you trail with the emas?
So far I have just been placing my stops either at -30 pips, or a few pips below the 5 EMA it depends how i feel the strength of the trade is going to be. If i think it is going to be a short trend (by comparing 1 hr 4 hr and daily chart) then I will aim for 30-45 pips. and either have a set stoploss of 30 pips or below the 5 EMA.
If i think there could be a strong trend coming then I will place the stoploss below the EMA and every 4 hours or so keep increasing it following the EMA line. I really want like 100 pips here, but so far I have done this method of 5 occasions. Two finished at break even, and three netted me 74, 53 and 89 pips.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.