EMAs Galore Strategy

EMAs-galore-strategy
EMAs-galore-strategy
EMAs-galore-strategy

Setup

  • 3 EMA & 5 EMA – short term direction
  • 13 EMA & 21 EMA – medium term direction
  • 80 EMA – long term direction
  • RSI (21)

Buy Entry

Enter a BUY trade if the all the following conditions are met:

  • Price is above 80 EMA. This helps avoid trading during range bound times.
  • 13 EMA > 21 EMA (uptrend in medium term direction)
  • 3 EMA > 5 EMA (uptrend in short term direction)
  • RSI > 50
  • 3 EMA & 5 EMA are both above 13 EMA & 21 EMA

    EMAs-galore-strategy

    EMAs-galore-strategy

Buy Exit

Close your open BUY trade if one of the conditions are met:

  • price moves below 80 EMA.
  • 13 EMA < 21 EMA (downtrend in medium term direction)
  • RSI < 50

Sell Entry

Enter a SELL trade if the all the following conditions are met:

  • Price is below 80 EMA. This helps avoid trading during range bound times.
  • 13 EMA < 21 EMA (downtrend in medium term direction)
  • 3 EMA < 5 EMA (downtrend in short term direction)
  • RSI < 50
  • 3 EMA & 5 EMA are both below 13 EMA & 21 EMA

Sell Exit

Close your open SELL trade if one of the conditions are met:

  • price moves above 80 EMA.
  • 13 EMA > 21 EMA (uptrend in medium term direction)
  • RSI > 50

Currency Pairs

AUDUSD, GBPJPY

Time Frame

4 Hours, 1 Day.

Pros

  • Attempts to avoid trading during range bound markets.
  • Easy to automate.

Expert Advisor

 Backtesting

see results here.