Forex Strategy for EMA (4 +13 +50) + Stochastic — a simple trend and a very effective strategy for forex, the recommended interval — H1, ideal for trade currency pair GBPUSD (for intervals, and other currency pairs may be necessary to select other settings indicator forex).
On the schedule is necessary to place the following indicators for Forex:
- Exponential moving averages: EMA (4) — Blue, EMA (13) — Green, EMA (50) — Orange.
- Stochastic Oscillator (12,9,5), levels of — 20, 40, 60, 80.
- Suggested points Dealing centr with terminal Metatrader 4
The deal on the BUY was called at the opening of the next candle after the implementation of these conditions:
1) Moving Average EMA (4) crossed the middle EMA (50) from top to bottom.
2) Moving Average EMA (13) in the same moving average crossed the EMA (50) from top to bottom.
Stop-loss set at a distance, or 50-70 points (for the GBPUSD) or above EMA (50) — something that smaller, but the right stop-loss should be all the same above EMA (50).
Addendum: It should close the position if the candle closed below the EMA (50).
Out of the trading position — As soon as the dashed line Stochastics (% D) crosses the 60 level down.
For transactions to SELL — backward conditions.
But the withdrawal must be done — as soon as the dashed line Stochastics (% D) crosses the 40 level upwards.
