Strategy for Newbie Traders EMA
This strategy is based on fast moving averages (EMA), so very simple to understand and recommended for newbie traders.
Settings:
Currency pairs: ANY or Trendy i.e. GBPJPY etc.
Chart Time frame: 1 hour or 15 minute is suitable.
Moving Average Indicators: 10 EMA, 25 EMA, 50 EMA. (Exponential Moving Average)
EMA Forex Trading Strategy
Buy Entry Rules:
If 10 EMA break 25 EMA and continues through break 50 EMA from up to down side, then sell trade recommended but wait for current candle to close downside of 50 EMA.
Sell Entry Rules:
If 10 EMA break 25 EMA and continues through break 50 EMA from down to up side, then buy trade recommended but wait for current candle to close upside of 50 EMA.
Exit rules:
Exit when 10 EMA crosses 25 EMA again.
Author: Mrs. Naureen
Banking News Editor, joined Daily FX Guide since Nov 23, 2014. My qualification MBA, M.A (English Literature), Work is my passion. I collect latest information about major economics factors and statistics and make it available for those who are want it.
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