This EMA test produced 9% over 5 trades
Rules:
Create four closing price Exponential Moving Averages (EMA) indicators on a 4hr chart
20 EMA , 50 EMA , 160 EMA and 400 EMA
SETUP:
1. Look for alignment on the two bigger EMAs (160 and 400) - when 160 is below 400 for a short and 160 is above 400 for along
2. Wait for the same setup on the two lower EMAs (20 cross below 50)
3. Enter at the point of the cross -
ENTRY
Create 2 trades:- 30 pips and 60pips and stop loss at -30pips
Happy Trading
Follow @Bizlus
Rules:
Create four closing price Exponential Moving Averages (EMA) indicators on a 4hr chart
20 EMA , 50 EMA , 160 EMA and 400 EMA
SETUP:
1. Look for alignment on the two bigger EMAs (160 and 400) - when 160 is below 400 for a short and 160 is above 400 for along
2. Wait for the same setup on the two lower EMAs (20 cross below 50)
3. Enter at the point of the cross -
ENTRY
Create 2 trades:- 30 pips and 60pips and stop loss at -30pips
Happy Trading
Follow @Bizlus