214# Forex Wave

Forex EMA Wave Trading System

Submit by Joy22 12/05/2012

 

Time Frame: 1 min, 5min,15min, 30min

Currency Pairs: all.

 

Forex Indicators:

34EMA High (green)

34EMA Low (Red)

34EMA close (white)

161EMA

Pivot

Stochastic (8,3,3,)

RealMACD (5, 15,5)

 

Long Entry

When the price retraces into the wave from above the wave

wait a candle that closes above the wave

with Stochastic >50 and MACD>0

 

Short Entry

When the price retraces into the wave from below the wave

wait a candle that closes below the wave

with Stochastic <50 and MACD<0

 

 


Setting for 30 min time frame

Stop Loss

for sell 2 pips above 34 EMA close.

for buy 2 pip below 34 EMA close.

 

Profit Target on the level pivot or 35 pips.

 


Forex Wave template

forex wave tpl
forex wave.rar
compressed file archive 1.2 KB
REALMACD
Forex Signal
REALMACD.rar
compressed file archive 4.4 KB

 

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