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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

 

Share your opinion, can help everyone to understand the forex strategy.

Comments: 1
  • #1

    danni (Wednesday, 09 December 2015 12:04)

    good strategy..

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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