This crossover strategy is based on and 15 EMA. So you can get signals according to the trend. As this is a trendy strategy, so success rate of this strategy is excellent. If you get a solid trend in h4 or daily time frame, then you can gain pips from one trade only. After crossover if price moves rapidly, then you need to wait for some retracement. When price takes little retrace and touch 15 EMA like as below image, then you will get buy signal. How to get Sell signal For sell signal, you need to wait for crossover in the down direction.
After crossover, you can take sell entry. But it is better to wait for little retracement and when price touches 15 EMA like as below image, then you will get sell signal. You can use on shorter time frame for scalping Currency pairs: Take profit and Stop loss: For scalping take profit will be pips. If you can use on h4 and daily, you can set pips take profit.
You should close half position when you get pips, then you need to move stop loss at entry point. Then you can wait for more pips. If you can catch a solid trend, then you can gain pips in cross pairs like as above image. You should give stop loss below or above recent support or resistance. You can put stop loss below EMA for buy entry. Similarly you can set stop loss above EMA for sell entry.
This EMA crossover strategy is suitable for trendy market. So you should not apply this strategy on ranging market area. You need to keep patience for more profit from this trendy trading strategy. You must follow money management theory for following this EMA crossover strategy. This is easy strategy, but you need to practice this on your demo account before applying this on your live account.
Security Trading, Forex, Options, Futures and Commodities are highly leveraged products which involves large potential risks. If efficient money management,is not practiced then there are possibilities that you may lose your capital Margin Call in a matter of days or even minutes. Before making any transaction, you should ensure yourself that you fully understand the risks involved in the Forex Market.
We provide Forex signals and forecasts by the experience on different market conditions, price action, market sensitivity, strategies, analysis and other trading rules; though we we cannot assure you that every signals will gain you profit due to the unpredictable nature of the financial market. Search Contents Mail Us support forexfunction.More...