FOREX EMA (4 +13 +50) + Stochastic
Forex Strategy for EMA (4 +13 +50) + Stochastic
Forex Strategy for EMA (4 +13 +50) + Stochastic - this is a simple and very effective trend forex strategy, the recommended interval - H1, to trade the currency pair is perfect GBPUSD (for other currency pairs and the intervals may be necessary to select other settings for forex indicators).
On the schedule is necessary to place the following indicators forex:
1) Exponential Moving Averages: EMA (4) - blue, EMA (13) - green, EMA (50) - orange.
2) Oscillator Stochastic - Stochastic Oscillator (12,9,5), levels of - 20, 40, 60, 80.
Deal on Purchase of opened at the opening of the next bar , after checking the conditions:
1) The moving average EMA (4) crossed the middle EMA (50) from bottom to top.
2) After that, the average EMA (13) as the moving average crossed the EMA (50) from the bottom up.
Stop-Loss set at a distance or 50-70 points (for GBPUSD) or below the EMA (50) - what is less, but the right stop-loss should be all- still below the EMA (50).
Update: should close the position if the candle closes below the EMA (50).
exit trading positions - How tolkoPunktirnaya line stochastic (% D) crosses level 60 from the top down.
For transactions on SALE - opposite conditions.
But the output must be done - as soon as the dotted line stochastic (% D) crosses the 40 level upwards.