Moving Average Based System

I always like Moving Averages. I am currently using the 5, 13, and 21 EMA. I always tried to find my preference of EMA. I tried 89, 200, 55, 28, and other MA period that people use. But, unlike other MA based system, I don't combine oscillator indicator. Actually I do, but I somehow overlook the oscillator very often. ;P

Well, as you know, MA based system is quite frustrating in sideways market. And since I am lack in using oscillator as confirmation, I use more MA instead. In the 5, 13, and 21 EMA system that I favor now, the 13 and 21 is the confirmation. In the GBP/JPY hourly chart, these EMAs crossed at least once a day, meaning that the 1 hour trend changes once a day. A good trend can last for few days.

For entries, I use the 5 EMA and trendlines. After I enter when the price touch the 13 or the 21 EMA and close back crossing the 5 EMA.

Profit target seems to be a problem for me. To get the maximum profit, I should have follow the trend. But, after 50 pips, I cannot help myself to close my position. :P So I guest 50 pips is my target.

Another problem is stop loss. Well I'm not a stop loss master so I think for the moment my stop loss is either previous high/low or when the opposite signal appears. I am reading about stop loss with ATR (Average True Range) based but I'll use the previous high/low for now. Oh and please share your own preference of Moving Average and how you use it. Okay that is all guys. Bye.. :)