This is another EMA crossover simple strategy. This type of strategy is very popular to new traders. It is easy to find out signal from this strategy. For trendy market, from this strategy you can make huge pips.
Submit Your Comments:
1) 100 EMA
2) 10 EMA
How to get Signal:
Buy Signal: When 10 EMA cross 100 EMA from below to above, then open buy entry.
Sell Signal: When 10 EMA cross 100 EMA from above to below, then open sell entry.
Time frame: H1 or H4
Currency pairs: All major pairs.
Take profit and stop loss: Take profit need to be set 50-60 pips. Stop loss will be 40-50 pips.
Risk warning: This crossover strategy is risky for ranging market. This is suitable for fully trendy market for getting better result. For every signal, you can take only 1-2% risk. As this is risky for ranging market, you need to practice this strategy in demo account for 2-3 months, then you can follow this strategy.