65# 100EMA and MACD “4H Strategy”
Submit by Joy22
Time Frame 4H
above 0 line.
EMA, re-enter the direction you went the first time. It is recommended to do it the first 2 times the price hits the 100 EMA and keep a watch the reafter.
Retrace entry: When a bar is over 100 pips, wait for a retracement to occur towards the
100 EMA line and then enter. This will save you from unnecessary draw down.
Scaling: take 3 positions per trade. I set my first TP to 40, 2nd TP to 70 and
let the third position run with Stoploss at breakeven.
As an example, once my trade hits the first target, I moved the second position to
breakeven and leave the third as it is. When the 2nd position is hit, I move the 3rd to
breakeven, giving the trade enough room to breathe. I then look for the price to come
back, to add to the position,
if it is open. At times, when price comes back to the 100
EMA, I get stopped out at breakeven, giving me 100 pips on 2 positions.
This is a trend following system, and has it's bad days. To avoid getting trapped in a
I will try and attach a couple snapshots of past trades, so the whole idea becomes clear.
The blue box is the main entry and the yellow, you can see, is the re-entry.
Share your opinion, can help everyone to understand the forex strategy.
4H Forex Strategies
EMA Forex Strategies