For successful trading, a profitable strategy is of great importance. It should be as simple as possible to avoid potential errors. I would like to present such a strategy here. It has simple rules and is based on two indicators: Exponential Moving Average (EMA) and Momentum. The strategy can be applied to all currency pairs.
Indicator parameters: (Indicators Setting)
EMA 24 (Moving Average Exponential, Close, Period 24)
Momentum 18 (Period 18, Line at level 100)
One-hour Candlestick Chart (H1)
Trading The Rules:
Entry for rising:
A rising candle closes with the entire body or at least 80% above the EMA.
Momentum is above the 100 line.
Exit is at the end of the day.
Entry for falling:
A falling candle closes with the entire body or at least 80% below the EMA.
Momentum is below the 100 line.
Exit at the end of the day.
Example:
EUR/USD, 1H, 9th to 14th March 2012
Entry 1 and 3 on falling.
Entry 2 on rising.
Download:
https://drive.google.com/drive/folders/17OcHCYlgDsESD3p2KqqoYQ5R2twnOT1V?usp=sharing
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