Time Frame 15 min or higher.
Currency pair : any,
Set of Ema's from fast 5 period exponential moving average color Dark Blu to at slow 21 period exponential moving average color dark blue);
RSI filter (7 period);
MACD with EMA periods (10, 20,3, 7,).
Standard Platform for trading forex indicators:
Set of Ema's from fast 5 period exponential moving average color Dark Blu to at slow 21 period exponential moving average color aqua);
RSI (9 period);
MACD periods (5, 26,1,).
Rules for EMA's Bands with RSI filter
Buy conditions:
5 EMA Fast above 21 EMA slow;
RSI filter red bars;
MACD with EMA >0.
Sell conditions:
5 EMA Fast above 21 EMA slow;
RSI filter red bars;
MACD with EMA >0.
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Rules for EMA's Bands with RSI filter with standar trading platform
Buy Conditions:
· MACD should be above the 00 line;
· RSI must be below 70 line or above 30 line;
· Candle must be close above EMA area;
· Red or blue EMA must be clear in the chart. ( not covered by other ema).
Sell Conditions:
· MACD should be below 00 line
· RSI must be above 30 or below 70 line
· Candle must close below the EMA area
Red or Blue EMA must be clear in the chart.( not covered by other EMA)
Exit position options
For buy when 5 EMA fast is below 21 Ema slow.
For Sell when 5 EMA Fast is above 21 Ema slow.
Initital Stop loss on the previous swing after n-pips in gain (n-pips= the nubers of the pips from entry point at the stop loss) move stop loss at the entry poiont or more.
Others optios for make profit:
Profit Target, ratio 1.5 stop loss or you can close trade when candle close inside the ema area.
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