catch large moves! EMA(7) & multiple timeframes

Hi all!

I have an interesting concept for you to consider. I found that trading in a long term is less risky and therefore more profitable (mainly thanks to jacko and fti contribution to my forex exeperinece) To identify good entry point I use the following:

Exponential Moving Average 7

Multiple Time Frames:

H4
H8
H12
H16
H20
D1

DON'T USE CANDLE STICK CHARTS!!!

Only line chart is aplicable in this system.


ENTRY RULES
If the price line cross* the EMA on each H4,H8,H12,H16,H20,D1, make an order.

*) cross is considered valid, only when the close of the last period is on the opposite side of the EMA than the previous one.


EXIT RULES
If the price line cross the EMA on each H4,H8,H12,H16,H20,D1, giving the entry singal in the opposite direction, close the order (at the same time make an order in the opposite direction)

Cross has to be made not too far from the present - max of 2 periods on each time frame.

SL different - depending on the particular pair

In the attachement there is an example of how the valid cross is supposed to look like.

Comments please.