There are a lot of trading strategy including Exponential Moving Average (EMA) and Relative Strength Index (RSI) but this one is simple, effective and most powerful. If you can follow this trading strategy strictly with suitable money management then it may gives 75-100 pips daily.
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1) EMA 6
2) EMA 12
3) RSI ( Period 14; level: 50; fixed Minimum:0; Fixed Maximum: 100 )
You may download the full template for this trading strategy from the following link: Download Here
How to setup a Forex Template:
Extract the template > Copy the Template >Open your mt4 terminal > Click files > Click "open data folder"> Click Templates> Paste the Template )
Sessions: Especially EUROPE and LONDON Cross.
Currency Pairs : All of the major currency pair especially USDJPY, EURJPY, GBPUSD, EURUSD, USDCHF, AUDUSD, NZDUSD etc.
Time Frame: 1H and scalper can use 30M time frame.
BUY: When the EMA 6 cross the EMA 12 and at the same time RSI cross 50th level from lower to upper as shown in following figure:
SELL: When the EMA 6 cross the EMA 12 and at the same time RSI cross 50th level from upper to lower as shown in following figure.
This is day and short time trading strategy. So keep take profit 30-50pips with stop loss 30-50pips for 1:1 risk reword ratio. It may also depend on your trading style. So before applying this strategy on real account, practice at least 1 month on demo account for better purpose.
Any strategy may not perfect if you can’t manage it properly. So don’t be hurry up to open a trade when you get buy or sell signal, wait for the next candle for getting more good results.