If one of these timeframes has a different trend, then there must be no trade.Ģ00 EMA Forex Swing Trading Strategy is a combination of Metatrader 4 (MT4) indicator(s) and template. Take note that the 3 timeframes must be in the same trend.
Target profit is at the previous swing high or low on the 1-hour timeframe, or you can trail the stops by moving the stop loss if the market move in favor of your position. If you are thinking of a buy position, place buy stop order 3-5 pips above the high of the reversal candlestick and set stop loss 10-15 pips below the low of the reversal candlestick. If you are thinking of a sell position, place sell stop order 3-5 pips below the low of the reversal candlestick and set stop loss 10-15 pips above the high of the reversal candlestick. You can identify reversal through the reversal candlestick. On the 1-hour chart, wait for the price to touch back to the 200 EMA and enter on the reversal. It is in the 1-hour chart that you make your entry decision. Look at 1-hour and see if it has the same trend with 4-hour and daily chart. Look at the trend on 4-hour if it has the same trend with the daily chart. The trend in the daily timeframe is the main trend. Put first the 200 EMA in the chart and then check the trend. EMA 200-period is the most popular indicators that traders uses, that is why we are also going to use this indicator and period. The 200 EMA or exponential moving average helps traders determines the trend. The 200 EMA swing strategy is a comprehensive strategy suited for beginners. 200 EMA FOREX TRADING STRATEGY HOW TO
1.1.4 How to install 200 EMA Forex Swing Trading Strategy?.
1.1.3 Recommended Forex MetaTrader 4 Trading Platform.Forex Trading Strategies Installation Instructions
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