This is a very simple "Trend" trading strategy.
It uses 3 EMAs and an Aroon indicator.
The 20 & 50 EMAs give you information about shorter term trades and will give an indication when the shorter trends reverse/continue.
The 200 EMA lets you know the overall direction of the trend.
The Aroon indicator is set to a value of 20 and let's you know how much momentum the trend has and also gives you information on when the currency pair is consolidating.
This is my daily trading strategy and I've found it to be very profitable on the 15 minute charts.
NOTE: I've only traded using this strategy on EURUSD and you may find differing results on other pairs.
It uses 3 EMAs and an Aroon indicator.
The 20 & 50 EMAs give you information about shorter term trades and will give an indication when the shorter trends reverse/continue.
The 200 EMA lets you know the overall direction of the trend.
The Aroon indicator is set to a value of 20 and let's you know how much momentum the trend has and also gives you information on when the currency pair is consolidating.
This is my daily trading strategy and I've found it to be very profitable on the 15 minute charts.
NOTE: I've only traded using this strategy on EURUSD and you may find differing results on other pairs.
Comment:
NOTE: Ignore the black horizontal line...I was using my iPad to develop this strategy and can't seem to remove it from the chart at the moment.
