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Power Forex Trend Following strategy
This system works on a 15 minute or higher timeframe. You can use this in all currency pairs.
Forex Indicators:
- 14EMA
- 34EMA
- MACD(12,26,9)
Long Entry:
- EMA 14 must cross up EMA34.
- MACD must be greater than 0.
Short Entry:
- EMA 14 must cross down EMA 34.
- MACD must be less than 0.
Exit Position:
- You can exit position when in reverse position.
- Take profit on pivot levels on daily and weekly.
Place stop loss on previous swing.
Profit Target 1:2, 5 ratio SL.
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