Forex EMA Stochastic Trend Following Strategy
Forex EMA Stochastic Trend Following Strategy:
Time Frame 15 or higher.
Currency Pairs; all.
Indicators:
RSI (21) indicator;
Stochastic indicator (14, 5,5);
1°Set EMA fast ( 12, 5)exponential moving average indicator ;
2° Set EMA Slow (34, 45) exponential moving average indicator;
Long Entry:
Ema’s (12, 5)> Ema’a (34, 45), RSI (indicator)>50 and Stochastic (indicator)>50.
Short Entry:
Ema’s (12, 5)< Ema’a (34, 45), RSI<50 and Stochastic<50.
Exit Position
When 5Ema fast crosses 12EMA in oppsite direction.
Place stop loss level MA 34.
Profit Target (option exit) ratio 1/ 3 (example if stop loss is 4o pips the profit target is 120 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 Stochastic Trend Following Strategy?
- Download Forex EMA Stochastic Trend Following 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 Stochastic Trend Following 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”.
