At the time schedule for the chosen currency pair you want to place the following exponential moving averages. The trading terminal Metatrader 4 is an indicator of Moving Average, the method of Exponential:.
In trading on the forex strategy can be used only hours and 30 minutes. If you liked this Forex strategy - You can subscribe to receive new materials on the site Strategy4forex. This forex strategy is the following label: Show a list of all the Forex strategies this Categories with a brief description: Forex Strategies, based on Moving Averages.
For trade I recommend to choose one of the brokers: MACD indicator defines the underlying trend direction of trade , Momentum — shows the current mood of the market, and the Fractals indicator provides an entry point, so the strategy provides a good profit within a trend, however, it does not mean that is the […].
The trading terminal Metatrader 4 is an indicator of Moving Average, the method of Exponential: On the hourly price chart, 24 EMA shows the daily trend.
Moving Average EMA 8 shows the velocity of money turnover for the current day , its value lies in the fact that it often acts as a support for a strong trend in the market. The same can be said of the moving average of 24 EMA, but to a lesser extent.
Finally, the exponential moving average of 72 EMA, defines the trend, which is now present in the foreign exchange market. If the moving average 8, 12 and 24 EMA are above average in 72 EMA — this means that we are in a bull market and should not enter into transactions for sale! As soon as the price pulls back to the region of moving averages of 12 and 24 EMA — there is a good opportunity for short-or medium-rollback. You can bargain, setting Teyk-profit, or at Fibonacci levels, or support and resistance lines.
Still have the opportunity to catch a long trend in the market, using an open position trailing stop, and as an exit from the market when the moving average crosses the 12 EMA 24 EMA high in the opposite direction for a steady trend.
These transactions can be quite profitable and can yield hundreds of pips profit a trader in a trade deal that could last for even a few weeks. Open transaction with a profit of at least 20 pips, or hold a trading position at the discretion of the forex trader, depending on the strength of the observed trend.
Stop-loss is a better place for the important Fibonacci retracement levels But it also should consider the feasibility of the transaction, ie desired TP must be at least 2 or more times to be more stop-loss.More...