7 ema and 50 ema idea

the basic idea is to have 2 exponential moving averages  (7 ema ) and (50 ema ) for example.

you buy(go long) when the 7 ema crosses over the 50 ema and the candle stick (price) closes above the 7 ema , then you stay in the trade till the price closes below the 7 ema. one thing to note is that you only open a trade after a crossing of the emas and only one trade for every crossing.

you do the opposite for a sell signal.

the idea behind this system is that you will only follow the new establishing trend and will minimize losses due to the quick closing strategy reliant on the 7 ema which is very tight to the price action so this will force you to close very quickly on the slightest hint of change in direction.

 

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