SMA+EMA, trend following FOREX strategy

Powerful forex strategy that almost never produces trades, that are against major trend. RSI forex indicator helps to pick great exit points and establish interesting risk reward ratio.

 

 

This strategy can be used on any currency pair on 4 H timeframe.

 

Forex indicators:

EMA (Exponential moving average) : 150 and 200, both applied on close price

SMA (Smoothed moving average) : 30(applied on close)

 

 

Entry:

In bullish market:

EMA 150 trending above EMA 200 (uptrend). SMA 30 above both EMA lines.

Price closes below 30 SMA. Once, the price closes back above 30 SMA we enter the long position.

 

For the best results, trade with professional ECN/STP broker with MT4. If you can't trade with profit. Automatically copy the traders that are already profitable.

 

In bearish market:

EMA 150 trending below EMA 200 (downtrend). SMA 30 under both EMA lines. Price closes above 30 SMA. Once, the price closes back under30 SMA we enter the short position.

 

Stop loss:

1 PIP above previous high (Short position).

1 PIP below previous low (Long position)

 

Take profit:

RSI 21:

To exit buy position we wait to RSI to rise above 70 line.

To exit sell position we wait for RSI to fall below 30 line.

 

 

 

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“Trading FOREX since 2006. Full time trader and web developer since 2013. My two biggest hobbies are trading and web development. In TheForexKings I managed to connect both of them. Even after 12 years of trading I still have the same passion for the market as at the beginning. The aspect I enjoy the most : development and testing of new ideas.” 

 

Only in 2016 - 2017 we have created more than 400 forex strategies. During this period we have also developed and published +200 MT4 Expert advisors based on those strategies. We are dedicated to provide you with viable and complete trading systems that have thrived in extensive historical testing. We want to give you complete and transparent trading solutions, that once mastered ,will set you financially free. We want to give you a fighting and winning chance in the market. ” 

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