5 minutes profitable gbpjpy system

weisiong00 · #1 (**permalink**) 10-21-2009, 01:17 AM

First , i hope all of you can try it out and give me the result that you can catch.
this system only suitable for GBPJPY only and i have back test it and i get 90% of winning trade and forward test and i get 22 winning trade out of 25 trade but due to i cannot adjust my emotion so i lose it.so here it is important to control your emotion if you want to use this system because in a whole day it can be 5 trade!!!!

TIME FRAME : 5 minutes

Currency pairs: GBPJPY

SETTING: EMA 10 AND EMA 26

BUY: When 10EMA crosses the 26EMA upwards and the EMA difference is 8 pips or greater.
SELL: When the 10EMA crosses the 26EMA downwards and the EMA difference is 8 pips or greater.

CONDITION ONE : when there is a buy trade is emerged (I call it as signal bar,when the price between the two EMA was separate is at least 8) and cross up ,YOU NEED TO WAIT THE PRICE RETRACE AT LEAST 5 PIPS OR MORE OR EMA 10.you only can enter the trade when there have a retrace !!!
For sell trade also same as above but opposite ah!!

THAT ALL.

TAKE PROFIT : IN ASSIAN TIME YOU SHOULD TP 20 PIPS
IN OTHER TIME SESSION TP 30 PIPS
YOU CAN GRAB MORE PIPS WHEN YOU MASTER THIS SYSTEM .TRY IT UNTILL YOU WIN.

STOP LOSS : 40 PIPS

ADDITIONAL NOTE : sometime you need to learn how to close early to reduce the stop loss level.

when you enter a trade and the price after retrace to EMA 26 within 8 candles i say RETRACE TO EMA 26 WITHIN 8 CANDLES.
Adjust your stop loss to 15 to 20 pips and try to break even.

sometime also when a price stop at a price three time you also need to close it early

Don't try to enter a trade near a new announment .

Don't try more than 5% of your capital

don't try to enter two trade in a row except the price stall for 2 hours or more and separate again that is ok.

weisiong00 · #2 (**permalink**) 10-22-2009, 05:06 AM

today i have earned a total of 100pips haha!!! i am so happy with my result

skydiver · #3 (**permalink**) 10-28-2009, 11:11 AM

Quote:

Originally Posted by weisiong00

First , i hope all of you can try it out and give me the result that you can catch.
this system only suitable for GBPJPY only and i have back test it and i get 90% of winning trade and forward test and i get 22 winning trade out of 25 trade but due to i cannot adjust my emotion so i lose it.so here it is important to control your emotion if you want to use this system because in a whole day it can be 5 trade!!!!

TIME FRAME : 5 minutes

Currency pairs: GBPJPY

SETTING: EMA 10 AND EMA 26

BUY: When 10EMA crosses the 26EMA upwards and the EMA difference is 8 pips or greater.
SELL: When the 10EMA crosses the 26EMA downwards and the EMA difference is 8 pips or greater.

CONDITION ONE : when there is a buy trade is emerged (I call it as signal bar,when the price between the two EMA was separate is at least 8) and cross up ,YOU NEED TO WAIT THE PRICE RETRACE AT LEAST 5 PIPS OR MORE OR EMA 10.you only can enter the trade when there have a retrace !!!
For sell trade also same as above but opposite ah!!

THAT ALL.

TAKE PROFIT : IN ASSIAN TIME YOU SHOULD TP 20 PIPS
IN OTHER TIME SESSION TP 30 PIPS
YOU CAN GRAB MORE PIPS WHEN YOU MASTER THIS SYSTEM .TRY IT UNTILL YOU WIN.

STOP LOSS : 40 PIPS

ADDITIONAL NOTE : sometime you need to learn how to close early to reduce the stop loss level.

when you enter a trade and the price after retrace to EMA 26 within 8 candles i say RETRACE TO EMA 26 WITHIN 8 CANDLES.
Adjust your stop loss to 15 to 20 pips and try to break even.

sometime also when a price stop at a price three time you also need to close it early

Don't try to enter a trade near a new announment .

Don't try more than 5% of your capital

don't try to enter two trade in a row except the price stall for 2 hours or more and separate again that is ok.

I used your system last night with success, just for a small scalp, as I already have open positions. I will test it further and will get back to you. Always prepared to try and intergrate new ideas. Give me a week and ill let you now how I Get on. Thanks.

Sean Hyman · #4 (**permalink**) 10-28-2009, 11:34 AM

Quote:

Originally Posted by weisiong00

First , i hope all of you can try it out and give me the result that you can catch.
this system only suitable for GBPJPY only and i have back test it and i get 90% of winning trade and forward test and i get 22 winning trade out of 25 trade but due to i cannot adjust my emotion so i lose it.so here it is important to control your emotion if you want to use this system because in a whole day it can be 5 trade!!!!

TIME FRAME : 5 minutes

Currency pairs: GBPJPY

SETTING: EMA 10 AND EMA 26

BUY: When 10EMA crosses the 26EMA upwards and the EMA difference is 8 pips or greater.
SELL: When the 10EMA crosses the 26EMA downwards and the EMA difference is 8 pips or greater.

CONDITION ONE : when there is a buy trade is emerged (I call it as signal bar,when the price between the two EMA was separate is at least 8) and cross up ,YOU NEED TO WAIT THE PRICE RETRACE AT LEAST 5 PIPS OR MORE OR EMA 10.you only can enter the trade when there have a retrace !!!
For sell trade also same as above but opposite ah!!

THAT ALL.

TAKE PROFIT : IN ASSIAN TIME YOU SHOULD TP 20 PIPS
IN OTHER TIME SESSION TP 30 PIPS
YOU CAN GRAB MORE PIPS WHEN YOU MASTER THIS SYSTEM .TRY IT UNTILL YOU WIN.

STOP LOSS : 40 PIPS

ADDITIONAL NOTE : sometime you need to learn how to close early to reduce the stop loss level.

when you enter a trade and the price after retrace to EMA 26 within 8 candles i say RETRACE TO EMA 26 WITHIN 8 CANDLES.
Adjust your stop loss to 15 to 20 pips and try to break even.

sometime also when a price stop at a price three time you also need to close it early

Don't try to enter a trade near a new announment .

Don't try more than 5% of your capital

don't try to enter two trade in a row except the price stall for 2 hours or more and separate again that is ok.

weisiong00, be sure to share this in the scalping forum too, here: Scalping and Intraday Trading Strategies Discussion

They'd love to see this and I'm almost positive that you'd get several testing it out too.

Also, check out other volatile pairs to see how it works out too: EUR/NZD, EUR/AUD, GBP/AUD, etc.

kcooperj · #5 (**permalink**) 11-03-2009, 06:40 PM

Quote:

Originally Posted by weisiong00

First , i hope all of you can try it out and give me the result that you can catch.
this system only suitable for GBPJPY only and i have back test it and i get 90% of winning trade and forward test and i get 22 winning trade out of 25 trade but due to i cannot adjust my emotion so i lose it.so here it is important to control your emotion if you want to use this system because in a whole day it can be 5 trade!!!!

TIME FRAME : 5 minutes

Currency pairs: GBPJPY

SETTING: EMA 10 AND EMA 26

BUY: When 10EMA crosses the 26EMA upwards and the EMA difference is 8 pips or greater.
SELL: When the 10EMA crosses the 26EMA downwards and the EMA difference is 8 pips or greater.

CONDITION ONE : when there is a buy trade is emerged (I call it as signal bar,when the price between the two EMA was separate is at least 8) and cross up ,YOU NEED TO WAIT THE PRICE RETRACE AT LEAST 5 PIPS OR MORE OR EMA 10.you only can enter the trade when there have a retrace !!!
For sell trade also same as above but opposite ah!!

THAT ALL.

TAKE PROFIT : IN ASSIAN TIME YOU SHOULD TP 20 PIPS
IN OTHER TIME SESSION TP 30 PIPS
YOU CAN GRAB MORE PIPS WHEN YOU MASTER THIS SYSTEM .TRY IT UNTILL YOU WIN.

STOP LOSS : 40 PIPS

ADDITIONAL NOTE : sometime you need to learn how to close early to reduce the stop loss level.

when you enter a trade and the price after retrace to EMA 26 within 8 candles i say RETRACE TO EMA 26 WITHIN 8 CANDLES.
Adjust your stop loss to 15 to 20 pips and try to break even.

sometime also when a price stop at a price three time you also need to close it early

Don't try to enter a trade near a new announment .

Don't try more than 5% of your capital

don't try to enter two trade in a row except the price stall for 2 hours or more and separate again that is ok.

This system works for me at least, I tried it for the past 2 weeks but you must be mentally and physically and emotionally strong. Without one of the 3 you'll get burnt (which happened to me a couple of times). Worth the try if you are prepared. Thanks for the post

jbburns · #6 (**permalink**) 11-19-2009, 03:09 PM

Please explain this system in detail again. I do not understand how to execute from previous post. Thanks for helping.