2# Trend Momentum Action-Make Pips
EMA's with Momentum
High Probability of Win
Submit by Alexander
Trend Momentum Action is a strategy at high probability of winning based on the crossing of two moving averages confirmed by the slow MACD and the stochastic oscillator. So, as I have now described a very simple strategy.
Setup Strategy
Currency: majors, Indices and Gold ,
Time Frame: 30 minutes or higher
Indicators:
EMA 6 , close,
EMA 23. close,
Stochastic (5,3,3), close.
MACD (30,60,30), close.
Trading rules Trend Momentum Action-Make Pips
Buy
EMA 6 crosses above EMA 23, MACD indicates an uptrend, stochastic crosses upward, buy as close to the 6 EMA as possible.
Sell
EMA 6 crosses below EMA 23, MACD indicates a downtrend, stochastic crosses downward, sell as close to the 6 EMA as possible.
Exit position
Place initial Stop loss below/above the previous swing high/low.
Profit Target 40 pips or higher depends by time frame and currency pairs.
Close position when EMA changes direction.
Examples of trades.
