Excellent intraday technq (for range bound and trending market

Hi traders,today ill post intraday technq which can be used in both trending and ranging market..this is designed by my friend ghafari and he is using this for past 5yrs successfully...all traders go thro this and give ur feedback....
INDICATORS REQ:
55 ema- it represents long term trend
21 ema-it represents intermediate trend
13 ema- it rep short term trend......each candle act as proxy for price
TIME FRAME: IT works in any time frame...15min or 30min

FILTERS:RSI with 60 and 40 level as parameters
MACD HISTOGRAM
BUY ENTRY: wait for candle to close above all the three EMAs....go for long above the high of previous candle at the same time RSI shuld be near 60 range and MACD HISTO Shuld show atleast two bar above zero line...this rule shuld follow at any cost..iam sure u can pocket good money ..try this and comment..
STOPLOSS : stoploss shuld be.. candle close below the three ema value
EXIT OR TARGET: u can make ur own exit point when ur in profit ..but i use to exit when RSI breaks the trendline or significant profit made..
this is the method ...plan it...trade it...enjoy weekend bye

Good break-out strategy ... But, one will have to wait like a hawk .... as RSI near 60 and ema cross over occurrence is probably going to happen only once in a few months ...

hi sir, in 15 min and 30 min time frame ...we can get buy or sell signal two days once ...iam trading with this also i can post chart if necessary....in higher time frame we can confirm the trend and take trade in lower time frame it will be better for good money...

sir, I have the following queries

is this technic for possisional or intraday
I tried to draw 55,21 and 13 ema in TAME (nse) in intraday nifty chart.
in 5 mn tf 55ema line is not shown. if I try in historical charts (3 months) it plots 55,21,13 ema

how can I backtest and with charts. please explain. I really appreciate your efforts and service. regards. mr. MANI SIR or mr.SHAKTHI PLEASE CLARIFY

hi mr gajanan, this tehnq is works well in all time frame becoz it catches longterm,intermediate trend and shrt term trend equaly thru 3 emas...but i prefer 15min and 30 min ...one small suggestion do u have GCI metatrader with u? ...then u can backtest this technq with that...in 5min time frame reduce zoom of chart then u can see 55 ema...regards

THANKS MR. Shakthi. for your prompt reply. now I don't have gci metatrader.

ok download and instal GCI metatrader...u can see 20 nse scripts in this u can backtest and see the result ....try to open sharekhan account and use tradetiger software its free charting software...best of its kind..all the best

Hi shakti.. Seems this technique also works well..Needs a bit patience.. Which is better strategy by ur personal experience.... This or Maco Pc.?

hi...in my experience both technq are equaly good...each technq has unique features ill tell that u decide which is best for u...in macopc technq u will get daily atleast one entry point in all the nse scripts...mostly u will get intraday signal...but in other technq u will rarely get entry but it will last for few days also ...so u need patience thats it...