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EMA and MACD Forex Trend Following Strategy
This system works best on selected pairs such as EU, GU, GJ, UCHF, EJ, and UJ. Use 1 hour and 4 hour timeframe for this system. Read the trend carefully.
Forex Indicators:
- MACD Histogram (3, 6, 3).
- Exponential Moving Average 9-period
- Exponential Moving Average 20-period
- Exponential Moving Average 50-period
- Exponential Moving Average 200-period
For Long Uptrend
- Price must be above both EMA50 and EMA200
- EMA50 crossed EMA200, and is above
- EMA 200.
- MACD value is positive.
- Enter at a retracement
For Short Downtrend
- Price must be below both EMA50 and EMA200
- EMA50 crossed EMA200, and is below EMA200.
- MACD value is negative.
Retracements:
Price moves in waves even though it is trending. It always retrace and goes back to the trend.
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