This is a very simple Forex Ema strategy with only two indicators. I use this strategy on the 15 minutes, 30 minutes, 1 hour, and 1 day time frames.
The two indicators being used are
- A 10-period Exponential Moving Average (set to close)
- A 21-period Exponential Moving Average (set to close)
You should color the 10 periods MA Blue and the 21 periods MA
Red. (You can refer to the picture above as a visual reference)
How to Trade
Trading this strategy is extremely simple. You want to make a trade when the two Moving Averages cross each other as shown by the arrows below:
The Blue Moving Average crossing above the Red Moving Average would indicate a buy. While the Red Moving Average crossing above the Blue Moving Average would indicate a Sell. Remember: If the Blue Moving Average is on top, price is in a UP Trend. If the Red Moving Average is on top, the price is in a Down Trend.
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If i use this strategie in 30 MIN TF what will be my TP and SL
You can take tp when ma cross to opposite direction
is there ea with this strategy?
[…] a custom-made moving average consisting of the green and red moving average—the color of the moving average changes as per the market’s direction. The green moving average indicates buy, and the red […]