Forex Ema Channel MACD Pivot Points Trading Strategy
Forex Ema Channel MACD Pivot Points Trading Strategy;
Intraday Strategy (Simple and effective! One of the best)
This Scalping tactic is simple,It uses Fibopivot indicator, Ema Channel and MACD.Currency pairs: any
Timeframe: H1;
Indicators:
Channel EMA 8 (8 EMA close. 8 EMA Low);
MACD (12; 26, 9);
Fibopivot2 or any pivot indicator;
Buying signals if is a closure of the price above a pivot level, the price, is > of EMA channel and line of the MACD is< of the histogram.
Sellingsignals if is a closure of the price below a pivot level,the price, is < of EMA channel and line of the MACD is > of the histogram.
Stop Loss
For buy 5-7 pips below the Ema channel;
For Sell 5-7 pips above the Ema channel.
Profit Target
1 On the pivot level or 10-16 pips.
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 Ema Channel MACD Pivot Points Trading Strategy?
- Download Forex Ema Channel MACD Pivot Points 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 Ema Channel MACD Pivot Points 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”.
