Best Exponential Moving Average Crossover Strategy for Intraday|How to use the EMA in Forex Trading
Best Exponential Moving Average Crossover Strategy for Intraday|How to use the EMA in Forex Trading
Instruments: major Forex instruments with low spread such as EUR / USD, GBP / USD, AUD / USD, USD / CAD. The number of instruments could vary and should be chosen depending on the spread offered by your broker. Timeframes: M1, M5. There are three groups of indicators that are used in the strategy: MA EMA with periods 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15 (pink color); MA EMA with periods 17, 19, 21, 23, 25, 27, 29, 31, 33, 35, 37, 39, 41 (blue color); • EMA with periods 44, 47, 50, 53, 56, 59, 62, 65, 68, 71,74 (green color). When to open long positions: Buy when the pink EMA crosses over the green EMA from the top. Add to the long position when the price touches the green or blue line and returns to the pink line.
When to open short positions: Sell when the pink EMA crosses over the green EMA from the bottom. Add to the short position when the price touches the green or blue line and returns to the pink line.When to take profit: On the M1 chart, take - profit is placed 5-7 points away from the entry level when opening an initial position, and 4 points away when adding to the position. Stop loss is placed 12 points away from the entry level. 1.4196 On the M5 chart, take - profit is placed 12-20 points away fr ial positio Select all Copy Share Web search position. Stop loss is placed to points away 110m the entry level.
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