Forex trading strategy of 3 EMA crossover

There are many strategies with EMA(Exponential Moving Average of the close price) crossover. This strategy is made by 3 EMA and with their crossover. Triple EMA crossover is very simple and profitable forex trading strategy. This strategy is suitable for trendy market. New traders can use this system. If you can follow this trading strategy with proper rules and money management then it may gives 80-100 pips daily.


Required Indicators:

1) EMA 5(fast)

2) EMA 10(medium)

3) EMA 14(slow)

Signals:

Buy signal: When fast EMA 5 cross medium EMA 10 from lower to upper and then go throough EMA 14 as shown in fig, then take buy entry.

Sell signal: When fast EMA 5 cross medium EMA 10 from upper to lower and then go through EMA 14 as shown in fig, then take sell entry.







Time frame: H1 or H4.


Stop loss and take profit: Stop loss will be some pips above the recent swing high(for sell entry) and some pips below the recent swing low(for buy entry). Take profit should be 1:2 risk ratio. You can set trailing stop also.


Currency pair: All types of major and cross pairs.


Risk warning: This strategy can not be used on ranging market. You must need to follow money management rules. You can take 1-2% risk for each trade.Before using this strategy you need to practice this on demo account for 2 months. Then if you satisfied with this strategy then you can use this in your real account.