82# Ema's and MACD Trading System

Submit by Joker

 

Time Frame 1H, 4H, Daily

Currency pairs:

EUR/USD

GBP/USD

GBP/JPY

USD/CHF

EUR/JPY

USD/JPY

Indicators:

MACD Histogram (3,6,3).

Exponential Moving Average 9-period

Exponential Moving Average 20-period

Exponential Moving Average 50-period

Exponential Moving Average 200-period

This trading system used the trends and is essentially a TREND system.You need to be able to read the uptrend and downtrends Longer term charts (ie 1 hour, 4 hour, or Daily) are best if you are just starting out.

 

 

Up Trend

− Price is above both EMA50 and EMA200

 EMA50 just crossed EMA200, and is currently above 

EMA 200.

− MACD value is positive.

 

 

Down Trend

− Price is below both EMA50 and EMA200

− EMA50 just crossed EMA200, and is currently below

EMA200.

− MACD value is negative.

 

 

Retracements

Even when trending prices to move in waves. They move with the trend, then retrace slightly, and then continues to move with the trend.

 

 

Entering a Trade

Trend Determination

− Price is below both EMA50 and EMA200

− EMA50 just crossed EMA200, and is currently below

EMA200.

− MACD value is negative.

Entry Signal - Retracement

− When price rises, it makes MACD value increase and MACD

value eventually becomes positive.

− The trigger is when MACD value turns from positive back

to negative.

Place the Order

− When that happens, we enter at market price with two

lots.

Entry Example - Trend

We are in a down trend.

− Price is below both EMA50 and EMA200

− EMA50 just crossed EMA200, and is currently below

EMA200.

− MACD value is negative.

 

Entry Signal

− When price rises, it makes MACD value increase and MACD

value eventually becomes positive.

− The trigger is when MACD value turns from positive back

to negative.

 

 

Easy Trendline1
Forex Indicator
Easy Trendline1.zip
Compressed Archive in ZIP Format 9.8 KB
Forex signal
Histograms.zip
Compressed Archive in ZIP Format 70.7 KB

Long order viceversa

Exit Strategy with Stop loss or when 9EMA cross 20EMA

 

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Retracement Forex Strategies