The system is explained here
These are the rules:
BUY when the 5 EMA crosses above the 10 EMA from underneath and the RSI crosses above the 50.0 mark from the bottom.
Sell when the 5 EMA crosses below the 10 EMA from the top and the RSI crosses below the 50.0 mark from the top.
Make sure that the RSI did cross 50.0 from the top or bottom and not just ranging tightly around the level.
Use a 50-pip trailing stop and a 200-pip profit target.
Here is a sample valid Buy signal:
Sadly, this system does not seem to have a positive edge, and results are frankly mediocre in all the currency pairs. Here is the EURUSD for example during 2014. A $10,000 account playing 0.1 lots per trade:
The equity curve seems to be going nowhere, just up and down with no clear edge in almost 400 trades.
I did my best to implement the system exactly as described, including the Trailing Stop and everything. But there's always a chance that I may have missed something, so I'm sharing the source code in case somebody is interested in inspecting it.
BabyPips is a huge site. According to Alexa it is ranked 15966 in the world in terms of traffic among 30 million websites as of this writing. That rank folks is huge. Hundreds of thousands of newbie Forex traders look at this site for reference everyday and it is a pity that a system like this one is published and followed as viable. It would have been perhaps wise to do a quick back test and check if there was in fact some merit in the ideas behind this strategy.
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