Forex Channel 50 EMA Two Methods Trading System
Forex Channel 50 EMA Two Methods Trading System:
Time Frame H1
Currency Pairs:GBP/USD, EUR/URS, GPY/JPY, USD/CHF
EMA 50 high;
EMA 50 low;
EMA 15 Close.
MACD +EMA (35, 70, 1, 12)
RULE 1. The MACD has to be the right colour for the direction of the trade and the MACD MA must be within the coloured area. (See image below)
RULE 2. When the price hits the 15 EMA & bounces off or goes through the 15 EMA and reverses back it’s a trade AS LONG AS:-
The high/low of the setup candle is NOT more than 50 pips away from the 15 EMA (30 for G/J & U/C) AND the 15 EMA is not within the 50 EMA channel. (See image below)
Entry is then 10 pips above/below the high/low of the setup candle. (Add spread for long trades)
Stoploss 100 pips
Takeprofit 100 pips
Go to breakeven when +50
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 Channel 50 EMA Two Methods Trading System?
- Download Forex Channel 50 EMA Two Methods Trading System.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 Channel 50 EMA Two Methods Trading System?
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”.