Forex trading strategy #21 (Egudu EMA+ADX Strategy)
The following Forex strategy was submitted by Egudu - our valued contributor. Thank you once again and let the market be always on your side!
Hi, this is Egudu, and i have this simple but efficient strategy and i hope you enjoy using it.
Currency: any
Time frame: 1hr
Indicators: 5EMA(close), 6EMA(open), [ADX(14) at 20mark]
Rule: Enter a long position when the 5EMA crosses the 6EMA up and the width difference between them is a pip and the ADX must be over it's 20mark.
For those conservative traders, you could add 55EMA and 89EMA to know the trend and only enter a position according to the trend,that's enter long when the 55EMA is over the 89EMA and all other parameters are in place as i have stated above.
Additional Forex systems by Egudu can be found at:
http://forex-strategies-revealed.com/egudu-4-tools-trading
http://forex-strategies-revealed.com/trading-macd-consolidation
1 comment:
Forex Trendy is an advanced software capable of determining the most PROFITABLE continuation chart patterns. It scans through all the charts, on all time frames and analyzes every potential breakout.
Post a Comment