165# Forex Hitman

Forex Strategy wit 16 EMA and 48 EMA

Trading with EMA

Submit by William Trader 28/12/2011

 

This is system is intended for trading on 5-minute timeframe. So please keep in mind this

important information.

Long Entry Rules

- The closing price is stay above the EMA 16

- The EMA 16 stays above the EMA 48

- Laguerre cuts above 0.8 level

Stop loss

Place your stop loss around 30pips from the entry point.

Exit rules

- Take profit half of your position when price has gone above 20 pips

Take profit the rest when the EMA 16 cuts below EMA 48 and

closing price stays below the EMA 48 on 5 minute chart

 

Short entry

- The closing price is stay below the EMA 16

- The EMA 16 cuts or stays below EMA 48

- Laguerre cuts below 0.2 level

Stop loss

Place your stop loss around 30pips from the entry point.

Exit rules

- Take profit half of your position when price has gone below 20 pips

- Take profit of the rest when the EMA 16 cuts above EMA 48 and closing price stays above the

EMA 48 on 5 minute chart

 



 

In the pictures Forex Hitman trading system in action.

Indicators.rar
compressed file archive 2.5 KB
Metatrader Template
Template.rar
compressed file archive 1.4 KB
Forex Hitman
forexhitman.pdf
Adobe Acrobat Document 977.2 KB

 

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Comments: 1
  • #1

    Egoli55 (Wednesday, 22 January 2014 11:49)

    I looked for this system (forex hitman system) for 3 years because i couldn't afford it. I have been trading on demo for a long time now. I actually gave up somewhere when i could not develop any consistent profitable system.
    I hope i will be able to implement the system and become a good forex trader.
    Thank you for making this available free of charge.

EMA Forex Strategies