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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Chip McVickar who wrote (41000)3/23/2000 10:24:00 AM
From: F Robert Simms  Read Replies (1) of 44573
 
The 30 min 34 EMA system isn?t mine. My trading guru, gb007, from Avid and iSpeculator taught me that. Oleman at Avid probably inspired him some. The basic system is to buy the spoos when a 30-min bar closes above the 30/34 EMA at the price of the close of the 30 min bar. No stops because the stops are built in. Hold until the market goes 30 points up or you get a 30 min bar closing below the EMA. This simple system has a great return. The problem with the system is that the market can go sideways and whipsaw. This causes some good-sized drawdowns. There are many things you can do to minimize the drawdowns when the EMA is flat. This makes a great trend indicator. When the EMA has a sideways action then the trend is neutral and when the EMA has a good slope then the market is trending.

Best Wishes,

Bob
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