FOREX exponentially in the Middle
strategy to exponentially Middle
strategy is very simple in its application to the forex market and gives quite a good davolno easily return . You can use it completely on all currency pairs (main and cross-rates).
rules of this forex strategy following:
Set the chart Metatrader 4 the following indicators:
1) Moving (MovingAverages): EMA EMA 9 and 30
2) Momentum (Momentum) with a horizontal line at 100.
Then select the hourly chart (H1). And at this hour graph draw a trend line of Tom Demark (TD) (connecting at least three or more vibrational maximum or minimum).
Entering the market on the basis of forex strategy at moving averages "Break the trend»:
Purchase (long position) provide , when the 9 EMA crosses above the 30 EMA and the momentum is above 100, and the price breaks downward trend line.
Note: The trend line is a very important filter in the forex strategy, so with her postraeniem Practice before you start working on this strategy, Forex.
Warrant for entry into the market is located at the opening of the new hourly candle after the cross (this is done in order to make sure that the intersection and the breakdown of the trend lines were actually real).
Sale (short) provide , when the 9 EMA crosses down the 30 ema and the momentum is below 100, and price breaks our upward trend line down.
Attention: The intersection of 2-EMA may occur after the breakdown of our trend lines.
safety stop-loss when opening a position - 40 pips.
profit target (take profit) - depending on the volatility of the chosen currency pair and the foreign exchange market, but priblezitelnoot 50 - 150 points. Subsequently, the stop loss is moved in the direction of trade in steps of 5-10 points (this can take a great adviser - a trailing stop ).
If the market allows positions to pass 75% of the daily range, the stop-loss orders do more rigid (40-50 points). At the first sign of a reversal, the position is closed at the market price. If the reversal is not observed, then keep trail open order by moving the stop-loss in the same direction.