The 3 EMAs Forex Trading Strategy
The 3 EMAS forex trading strategy is a very simple trend trading forex strategy that is based on 3 exponential moving averages(EMA).
Timeframe: Any (but the suggest using 15min timeframes and above)
Currency pair: Any.
Indicators: 10 ema, 25 ema and the 50 ema.
After the 10 EMA crosses the 50 EMA to the upside place a buy stop pending order 2-5 pips above the the high of the candlestick which has a lower high than the previous candlestick.
At the break of the high of the previous candlestick, this pending buy stop order will get activated. But if not, keep moving the pending buy stop pending order above each new lower high candlestick that forms until the high is broken and trade is activated.
Now you need to place your Stop Loss 2-5 pips below the low of the candlestick that has its high broken which had activated your buy stop order. However, if there is a nearby, Swing Low point (support level), then its best to use that as well and place your stop loss a few pips below that support level.
After the 10 EMA crosses the 50 EMA to the downside place a Sell Stop pending order 2-5 pips below the low of the candlestick which has a higher low than the previous candlestick.
At the break of the low of the previous candlestick, this pending Sell Stop order will get activated. But if not, keep moving the pending Sell Stop pending order below each new higher low that forms until the low of the previous candlestick is broken and trade is activated.
Now you need to place your Stop Loss 2-5 above the high of the candlestick that has its low broken which had activated your buy stop order. However, if there is a nearby, Swing High point (resistance level), then its best to use that as well and place your stop loss a few pips above that resitance level.
Take Profit Levels
You can use Previous Swing Low levels as your profit target for a Sell Entry
and use Previous Swing High levels for your profit target for a Buy Entry.
Alternatively, you can use a trailing stop instead to place behind each lower swing high(for a sell trade) as your trade moves in favour so that your can ride out that trend for as long as you can extract maximum pips out of the price swing until you get stopped out. For a buy trade, you need to do the the exact opposite.
3 EMA Forex Trading Strategy 〽️
3 EMA Forex Trading Strategy.
Forex: 20 Period Moving Average SECRETS (STEAL MY 20 period EMA Strategy)
3 EMA Crossover Trading Secrets For Any Market
how to use best moving averages forex trading strategies
Latest Forex News
Use EMA in Your Forex Trading StrategyApril 8, 2018 - Investopedia
Use EMA in Your Forex Trading Strategy
Which Moving Average Is Best For Swing Trading?August 28, 2019 - Forex Factory
Which Moving Average Is Best For Swing Trading?
🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.
As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.