Thread: Fibonacci_Ema
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Old 09-18-2006, 03:32 PM
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Quote:
Originally Posted by anazri
dear ND

what the purpose for 55 EMA and it's 21 points there. i dont really get what it means for. Can you explain.

Here is the fiboEMA EA first version of mine which developed by my buddy in this forum. Asking for backtest and forward test as well from all you guys.
Look in the beginning of this thread. I am trying to code exact the system I posted last year: when 8 EMA is crossing 55 EMA for buy - buy. Opposite for sell. Close if 8 EMA is crossing 21 EMA.
Why 8, 21 and 55?
because it is Fibinacci numbers.
That is why it is fibo ema (or ema fibo).
We may use 34 as well.
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