The Double EMA trading strategy consists of three technical indicators . EMA indicators (exponential moving averages ) are used to initially identify a trend (up or down). The Trendbars indicator is used to confirm entry into a trade in the direction of the main trend.
Characteristics of the trading strategy Double EMA.
- Platform: MetaTrader 4 .
- Currency pairs: any.
- Timeframe: M15, H1.
- Hours: around the clock.
- Broker: Forex4you , InstaForex , RoboForex , Fort Financial Services .
Read more about the RoboForex broker in the article “ RoboForex broker. Trading conditions, advantages and services of the company »
EMA indicators (exponential moving averages) are present in the MetaTrader 4 client terminal, you only need to set the necessary parameters: period (15 and 75) and the MA method (exponential). You can download the Trendbars indicator at the end of the article.
Trading strategy Double EMA. Rules of work.
Entry conditions for a long position:
We open a buy position when the EMA15 crosses the EMA75 from the bottom up and the Trendbars indicator changes its color from red to blue. Take profit is not set, the transaction is closed only when the EMA15 crosses the EMA75 from top to bottom, i.e. when the opposite sell signal appears. You can also use other methods for taking profit, for example, a trailing stop , levels ( support and resistance , Fibonacci , Pivot) or a fixed take profit size. Stop loss is set a few points below the nearest minimum.
Entry conditions for a short position:
We open a sell position when ЕМА15 crosses ЕМА75 from top to bottom and the color of the Trendbars indicator changes from blue to red. Take profit is also at the return intersection of ЕМА15 and ЕМА75. Stop loss is set above the nearest maximum.
Double EMA's trading strategy is trending, like many others, based on the use of moving averages. Naturally, when a flat is present on the market, false positives and closing positions by stop loss become more frequent, that is, with a loss. Therefore, for profitable trading, it is necessary to filter out flat areas and not enter the market at these points. Often during the Asian session, the movement of prices subside. If a signal appears to open a position, perhaps you should wait until the start of the European session and if the conditions do not change, open a position.
Also pay attention to the direction of the moving averages. If you see that they begin to interweave and take a horizontal position, then you should wait with the opening of the position until the moving averages begin to move up or down.
An example in the chart below:
In this case, if we opened a buy position, as ЕМА15 crossed ЕМА75 from the bottom up and the Trendbars indicator turned blue, then the deal would close by stop loss, as the price fell below the nearest minimum. Please note that the EMA75 lies almost horizontally. Therefore, you should open a position a little later, when the moving averages are clearly directed upwards.
But in general, even taking into account trading on flat sites, the Double EMA strategy can bring good profit.
Indicator Trendbars:download
Characteristics of the trading strategy Double EMA.
- Platform: MetaTrader 4 .
- Currency pairs: any.
- Timeframe: M15, H1.
- Hours: around the clock.
- Broker: Forex4you , InstaForex , RoboForex , Fort Financial Services .
Read more about the RoboForex broker in the article “ RoboForex broker. Trading conditions, advantages and services of the company »
EMA indicators (exponential moving averages) are present in the MetaTrader 4 client terminal, you only need to set the necessary parameters: period (15 and 75) and the MA method (exponential). You can download the Trendbars indicator at the end of the article.
Trading strategy Double EMA. Rules of work.
Entry conditions for a long position:
We open a buy position when the EMA15 crosses the EMA75 from the bottom up and the Trendbars indicator changes its color from red to blue. Take profit is not set, the transaction is closed only when the EMA15 crosses the EMA75 from top to bottom, i.e. when the opposite sell signal appears. You can also use other methods for taking profit, for example, a trailing stop , levels ( support and resistance , Fibonacci , Pivot) or a fixed take profit size. Stop loss is set a few points below the nearest minimum.
Entry conditions for a short position:
We open a sell position when ЕМА15 crosses ЕМА75 from top to bottom and the color of the Trendbars indicator changes from blue to red. Take profit is also at the return intersection of ЕМА15 and ЕМА75. Stop loss is set above the nearest maximum.
Double EMA's trading strategy is trending, like many others, based on the use of moving averages. Naturally, when a flat is present on the market, false positives and closing positions by stop loss become more frequent, that is, with a loss. Therefore, for profitable trading, it is necessary to filter out flat areas and not enter the market at these points. Often during the Asian session, the movement of prices subside. If a signal appears to open a position, perhaps you should wait until the start of the European session and if the conditions do not change, open a position.
Also pay attention to the direction of the moving averages. If you see that they begin to interweave and take a horizontal position, then you should wait with the opening of the position until the moving averages begin to move up or down.
An example in the chart below:
In this case, if we opened a buy position, as ЕМА15 crossed ЕМА75 from the bottom up and the Trendbars indicator turned blue, then the deal would close by stop loss, as the price fell below the nearest minimum. Please note that the EMA75 lies almost horizontally. Therefore, you should open a position a little later, when the moving averages are clearly directed upwards.
But in general, even taking into account trading on flat sites, the Double EMA strategy can bring good profit.
Indicator Trendbars:download
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