You forgot to post the indicator for I can try it.
Thank You.

Dr-4X

Since i am Professional Trader, An Engineer and a Mathematician , I will disagree with you on a few grounds. EMA Strategy works great on a Trending Market but you will take very big hits on Sideways Markets. True Forex Trading is not Gambling and has nothing to do with it. It is Purely Science and statistics. It might look like Gambling to you but having worked as a senior Trader for the largest trading bank in the world i will disagree.

I use Advanced Neural Networks in My trading and Yes, EMA or Moving averages are critical part of any traders toolbox but it will not give you profits at the end of the month.

There are millions of the so called " GURUs" who are just purely SCAM artists

There is a saying " Those who can't do Teach " . No one in his or her right mind would give or sell a system that is making Millions of Dollars. I would rather have a Hedge Fund with Private Investors ( That's what real true traders who make money do ). Any thing else is pure fantasy

i belive it 50/50. the wrong thing is
the MAKERS like center bank, goverMAN, big bank[DB,citi,..]
these people got power of will in Pricing
the best example in news is about RMB rumor [china yuan], other is hkd [just cek the chart], or you can found the japanese yuan [we got news about center bank plannning to...]

the other wrong thing is
MA is Moving averages of PAIR
it will give you profit it you "KNOW" what to do
the biggest reason in retail forex is their price NOT pure n clean
if you take a small time frame mostly you found your MA will diffrence in ever broker
if you wanna master in MA you MUST see A LOT of PIC in every pair in many years
one day you will "KNOW" what to do

MA's do work nicely when used as support and resistance, especially if you watch out for confluence of several MA's with different period...just take a look at the Pimpology thread.

or Ramdas sr mas
Forex Trading With Simple Setup