This is a simple strategy that I use and it focuses on three EMAS: 4 period, 12 period & 63 period. As long as these three periods are consistent with each other (adn they will always be), they could be daily, hourly, or on a 15 min chart.
The chart should consist of candlestick, the 4 period EMA in RED, the 12 period EMA in YELLOW and the 63 period EMA in BLUE
THE TRADING PLAN
When the 4 crosses and is below the 12 and both of them are below the 63, this is a sell signal. When the 4 crosses and is above the 12 and both of them crosses and are above the 63, it is a buy signal.
Try out this strategy in demo mode. Develop more on it before applying it to your live account.
To your trading success...
The chart should consist of candlestick, the 4 period EMA in RED, the 12 period EMA in YELLOW and the 63 period EMA in BLUE
THE TRADING PLAN
When the 4 crosses and is below the 12 and both of them are below the 63, this is a sell signal. When the 4 crosses and is above the 12 and both of them crosses and are above the 63, it is a buy signal.
Try out this strategy in demo mode. Develop more on it before applying it to your live account.
To your trading success...
