Summary
:
Forex
EMA Band Trend Following Strategy based on a set of EMA filtered by filter RSI
indicator and MACD indicator with EMA. The setting is for MT4 users because the
indicators are only available for MT4.
Metatrader
Indicators :
- Set of EMAs from fast 5 EMA to slow 21 EMA.
- RSI filter (7 period);
- MACD with EMA periods (10, 20, 3, 7,).
Trading
Conditions :
- Chart Timeframe : 15 Minute
or Higher Timeframe.
- Currency Pairs : Any
pairs.
<<
EMAs
band with RSI filter >>
Long
Position Entry :
1. 5 EMA Fast above 21 EMA slow
2. RSI filter green bars
3. MACD with EMA is greater than 0.
Short
Position Entry :
1. 5 EMA Fast above 21 EMA slow
2. RSI filter red bars
3. MACD with EMA is less than 0.
<<
EMAs
band with standard platform and RSI filter >>
Long
Position Entry :
1. MACD should be above the 0 line;
2. RSI must be below 70 line or above 30 line;
3. Candle must be close above EMA area;
4. Red or blue EMA must be clear in the chart.
(not covered by other EMA).
Short
Position Entry :
1. MACD should be below 0 line
2. RSI must be above 30 or below 70 line
3. Candle must close below the EMA area
4. Red or Blue EMA must be clear in the chart.(
not covered by other EMA)
Exit
Rules :
- Profit Option 1 : BUY - 5 EMA fast is below 21 EMA slow.
- Profit Option 2 : SELL - 5 EMA Fast is above 21 EMA slow
- Stop Loss Option : Previous swing
How to install Files?
- Download *.zip file.
- Copy Indicators folder to your Metatrader
Directory / indicators /
- Copy Template folder to your Metatrader
Directory / templates /
- Copy Libraries folder to your Metatrader
Directory / Libraries /
- Start or restart your Metatrader
- Select Chart and Timeframe where you want
to test your forex strategy
- Right click on your trading chart and hover
on “Template”
- Move right to select Template