Forex Four EMA Trend Following Strategy
Forex Four EMA Trend Following Strategy;
Time Frame 30min or higher.
Currency pairs:any.
Indicators:
MACD (3,7,1)
Awesome
four movung averages:
1) 176-Period Exponential Moving Average of Close Price (blue)
2) 144-Period Exponential Moving Average of Close Price (orange)
3) 44-Period Exponential Moving Average of Close Price (blue)
4) 36-Period Exponential Moving Average of Close Price (orange)
We use the moving averages as a guide to direction and trend-strength.
– When the 144 is above the 176 then the “overall trend” is up and we only look to take buy trades (and sell trades when the 144 is below the 176).
– When the 36 is above the 44 then the “immediate trend” is up and we only look to take buy trades (and sell trades when the 36 is below the 44).
Before we take a buy trade then the two above criteria must be met – or, to put it simply, the 144 must be above the 176 and the 36 must be above the 44.
Similarly, for a sell trade, the 144 must be below the 176 and the 36 must be below the 44.
Long Entry
moving averages are lined-up for
Awesome Oscillator‟ green
The final „trigger‟ to the entry is when the MACD then closes above the 0.0-line
Short Entry
moving averages are lined-up for
Awesome Oscillator‟ red
The final „trigger‟ to the entry is when the MACD then closes above the 0.0-line
Exit Position
At the of important area support o resistance
currency, or ratio 1:1.5 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 Four EMA Trend Following Strategy?
- Download Forex Four EMA 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 Four EMA 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”.
