Forex Stochastic Awesome Ema Trading Strategy
Forex Stochastic Awesome Ema Trading Strategy:
Time Frame: 1H, 4H and Daily
Indicators:
Stochastic (5,3,3)
Awesome;
EMA 200.
Enter long (buy) order when:
The current price is above the 200 EMA AND;
The AO has changed to green AND ;
The Stochastic ‘s main line goes up above the 50 line.
Enter short order when:
The current price is below the 200 EMA AND;
The AO has changed to red AND;
The Stochastic ‘s main line goes down over the 50 line .
Stop Loss
50 pips 4H Time Frame, 100 Daily Time Frame.
Take Profit
For Trade 1 (lot 1): Set a take profit at +100 pips
+100 pips(dailyTF EUR/USD), (50 pips 4H EUR/USD).
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 Stochastic Awesome Ema Trading Strategy?
- Download Forex Stochastic Awesome Ema 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 Stochastic Awesome Ema 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”.
