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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