I was reading something and found the trading system for H1 and M30 timeframes.
System is simple:
- signal for enter - EMA8 is crossing EMA55.
Confirmation on Parabolic with default settings on the current timeframe (H1 or M30) and on M15 as well.
- exit on crossing EMA8 and EMA21.
Why Fibonacci?
Some people say that 8, 13, 21, 34, 55 are Fibonacci numbers.
This system looks good to trade manually.
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Updated:
EmaFibo EAs. The settings was optimized and posted as pre-set files together with backtesting results
here. Besides please read whole
Fibonacci_Ema thread for more backtesting results and versions of this EA.
- Idea development thread is
here.
-
some other versions of EA (including recent updated1.1 and 2.1 versions) - read
here.