Forex Accelerator RSI EMA Channel Trading Strategy
Forex Accelerator RSI EMA Channel Trading Strategy:
This is a Trading system that works on H4 charts and is based on indicators of Trend how two exponential moving averages (EMA) and two indicators Momentum: Stochastic RSI and Accelerator AC.
Time Frame 4H.
Currency pair:any, but not trade with exotic currency pairs.
Two exponential moving averages periods 34 High and Low that formed the EMA Channel.The EMA Channel acts as filter. Example: Buy only when the price si above the channel and sell only when the price is belowe of the EMA Channel.
Acceleration / Deceleration (AC) is an indicator that was created by Bill Williams and measures the acceleration and deceleration of a driving force behind the price.
According to Williams must keep in mind that the price is actually the last item to change. The price change is a reflection of the change of the force that pulls the market. Before there is a change in the direction of this force, its acceleration slows and approaches zero, after which it will again accelerate in the opposite direction until the prices have not adjusted to this movement.
The indicator is represented in a histogram separated from the price chart, the calculation of this indicator is based on a difference between a short-term moving average and a moving average over the long.
StochasticRSI indicator that was created by Tushar Chande e David Kroll is and indicator di Force-Momentum. (periods 14,14,9).
Fibopivot montly: Pivot points levels based on the levels of retracemet of Fibonacci. These Fibopivot montly can also be target price.
RULES for StochasticRSI , Accelerator with EMA Channel Trading System
Stochastic RSI indicator is Above the Zero line.
Accelerator accelerator has green bars
The price cross the Ema channel from below and the candle close above the EMA Channel. Enter buy at the open of the next candle. This is the Standard Entry, but I recommended to enter in the market when the trend is formed at the re-enter.
Re-enter in up-trend when the Accelerator indicator has green bars and StochasticRsi indicator cross above zero from below.
StochasticRSI indicator is Below the Zero line.
Accelerator indicator has red bars.
The price cross the Ema channel from above and the candle close belove the EMA Channel. Enter sell at the open of the next candle. This is the Standard Entry, but I recommended to enter in the market when the trend is formed at the re-enter.
Re-enter in down-trend when the Accelerator indicator has red bars and StochasticRsi indicator cross below zero from above..
Initial stop loss on the previous swing but after 40 -50 pips in gain move stop loss at the entry price. Profit Target Fibopivot points or Ratio 1.5 stop loss.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex Accelerator RSI EMA Channel Trading Strategy?
- Download Forex Accelerator RSI EMA Channel Trading Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex Accelerator RSI EMA Channel Trading Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.