Last Updated on May 8, 2025 by Tim Morris

Forex Soloist Trend Following Strategy

This is another trend following system that is profitable and only uses the combination of EMA and RSI. Advisable timeframe is 1 hour and can be applied to any pairs, but EU, GU and UJ is the most suggested pairs.

Forex Indicators and setup:

• 80 EMA (exponential moving average)
• 21 EMA (exponential moving average)
• 13 EMA (exponential moving average)
• 13 EMA (exponential moving average)
• 5 EMA (exponential moving average)
• 3 EMA (exponential moving average)
• RSI (21)

Trading rules

80 EMA is the reference for major trend direction. When the price goes above 80 EMA, it implies an uptrend and it’s a downtrend when it goes the opposite.

21 EMA and 13 EMA give us a current trend direction.
While 13 EMA stays above 21 EMA – uptrend occurs.
If 13 EMA stays below 21 EMA – downtrend
RSI (21) value is above 50 suggest an uptrend, below – downtrend

Rules for long entry:

• 3 EMA must cross 5 EMA upward in an uptrend market.
• 3 EMA and 5EMA cross a channel of 13 and 21 EMA
• RSI is above 50
• Both 21 EMA and 13 EMA are above 80 EMA

Exit your position when 3 EMA crosses below 5 EMA or RSI is less than 50.

Rules for Long Entry:

• 3 EMA must cross 5 EMA downward in a downtrend market.
• 3 and 5 EMA must cross the 13 and 21 EMA.
• 21 EMA and 13 EMA are below 80 EMA
• RSI is below 50.

Exit your position when 3 EMA crosses above 5 EMA or RSI greater than 50.

Set SL to 20-30 pips depending on the volatility of the pair. Set SL at 30 pips for GBPUSD and 20 pips for EURUSD. This is for 1 hour timeframe.

Adjust SL if you are using other timeframes.

Recommended MT4 Broker

XM Broker

• Free $50 To Start Trading Instantly! (Withdraw-able Profit)
• Deposit Bonus up to $5,000
• Unlimited Loyalty Program
• Award Winning Forex Broker
• Additional Exclusive Bonuses Throughout The Year
• Exclusive 90% VIP Cash Rebates for all Trades!

>> Sign Up for XM Broker Account here with Exclusive 90% VIP Cash Rebates For All Future Trades [Use This Special Invitation Link]  <<

Already an XM client but missing out on cashback? Open New Real Account and Enter this Partner Code: VIP90

Click here below to download:

Save

Save