MOving Avarage Crossover #1 - 5/8 EMA Crossover

I found that MA is the simplest way to make money in this Forex Market, especially Crossover Method.
Many method I research, hence I going to write it down & do some evaluation & mix and match on it! Remember to practise in Demo before go into live!


First one that I get to know from research: 5/8 EMA Crossover


Currency            : GBP/USD EUR/USD Daily
Trading Period  : 2-11pm 
Indicators           : 5 ECM or 8ECM


Capital               : $xxxx
Lot Size             : 0.0005 of $xxxx 


Buy Signal          : When Blue line (5ECM) cross above Red (8ECM)
Sell Signal          : When Red line (8ECM)  cross above Blue (5ECM)


TP         : 50 or until next cross (You may practice either one or both)
SL         : 50 or SL is discretionary. First choice is the high or the low (depending on if long or short) of the previous day. If this is too far away and would not give a good risk/reward ratio, a major support or resistance point can be used.