Four EMA Forex Trend Following Strategy

This system uses a 30 minute timeframe or higher and works in any currency pairs.

Forex Indicators:

• MACD (3, 7, 1)
• Awesome

Four moving averages:

• 176-Period Exponential Moving Average of Close Price (blue)
• 144-Period Exponential Moving Average of Close Price (orange)
• 44-Period Exponential Moving Average of Close Price (blue)
• 36-Period Exponential Moving Average of Close Price (orange)

Moving Average is a guide to determine a trend direction and strength.

When the 144 is above the 176 then the “overall trend” is up and we only look to take buy trades and sell trades when the 144 is below the 176.

When the 36 is above the 44 then the “immediate trend” is up and we only look to take buy trades and sell trades when the 36 is below the 44.

Long Entry:

• Moving averages are lined-up.
• Awesome Oscillator is green
• When the MACD close above 0 line, then that is the confirmation.

Short Entry:

• Moving averages are lined-up.
• Awesome Oscillator is red.
• The confirmation to the entry is when the MACD then closes above the 0.0-line

Exit Position at the support resistance or at the ratio of 1:1.5 stop loss.

Set stop loss on the previous swing. Take profit at 45-44 pips and set SL to 30-40 pips if you are in a 4 hour timeframe.

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