Easy to practice strategy using EMA and Stochastics

07.02.2017 / 12:50

Rating:

Forex: all
Time frame: 1H, 4H, D1.
Indicators:
- Stochastic (22, 9, 9)
- EMA 5 (yellow)
- 11 EMA (blue)

How to trade:
We enter a long position when:
- EMA 5 is above the EMA 11
- We closed the bar above both moving averages
- Stochastics has made crossing from over-sold zone.
- SL: place a stop order below the signal bar both moving averages
- Limit is determined by the reverse signal to sell. Upon request we can close the position or to revers order.

We enter a short position when:
- EMA 5 is below the EMA 11
- We closed the bar below both moving averages
- Stochastics has made a crossing in the area of ultra-purchases
- SL: place a stop order levels which are above the signal bar and above both moving averages.
- Limit is determined by the reverse signal for purchase and there could or simply close or revers order.

Here is the schedule, H1 of EUR / USD with the signals that need to look at the strategy:

Varchev Traders

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Easy to practice strategy using EMA and Stochastics

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